CHANGES IN FINANCE Government
The Finance Ministry underwent the most significant change. Mr. Srettha’s assistant Pichai, who will also offer as DPM, will take over the fund minister’s investment.
The 75-year-old was a former top power executive before stepping down as the president of the Thai Stock Exchange.
However, Mr Paopoom’s visit as deputy finance minister makes it one of only two ministers with three representatives.
This, according to spectators, demonstrates the Srettha administration’s commitment to accelerating economic development.
The government is also tasked with implementing the president’s digital wallet program, which gives a 10, 000 ringgit ( US$ 270 ) top- up to available Thai people to help stimulate the economy.
” Srettha is focused on economic development … these policies might help ( him and his party Pheu Thai ) win the elections next time”, said Assoc Prof Punchada Sirivunnabood of Mahidol University.
Having a fresh complete- time finance minister focused exclusively on monetary policies, as opposed to the primary minister helming the role recently, will also be useful for Thailand, said observers.
Mr Pichai, who brings more than 20 years ‘ expertise in the financial and business earth, is seen to be an advantage to his new position.
” He has a very good understanding of the financial industry, of power policies. He is also a pretty good officer. We can be more assured that the market may be better”, said Assoc Prof Attasit.
Objectives FOR NEW FOREIGN Secretary
Some observers remained concerned about the spaces left in the Foreign Ministry as a result of Mr. Parnpree’s unexpected exit.
” The ( next ) person in this position has to be someone who is ( knowledgeable about ) not just the region, but geopolitics across the world – war, economy, diplomacy, etc”, said Assoc Prof Punchada.
According to Myanmar’s neighbor’s political crisis, which has occasionally spilled over their shared border, the role is especially urgent, she added.
” What’s going on in Myanmar will positively affect Thailand”, she said.
A federal committee was headed by Mr. Parnpree to address the Thailand-related crises in Myanmar.
Additionally, he had made a suggestion to ask the ASEAN to hold a” troika plus” meeting on Myanmar.