However, the finance minister had a different emphasis and pointed to the priority of the Thai government being plans for economic reform which would require strong inward investment and financial support in the future. BANGKOK (Reuters) - Thai Finance Minister Uttama Savanayana resigned on Thursday in a move that adds uncertainty to policy-making as Southeast Asia's … “There was no pressure.”According to media reports, Predee Daochai, president of the Thai Bankers’ Association, is expected to be the next finance minister.Longtime economic policy czar, Deputy Prime Minister Somkid Jatusripitak, also submitted his resignation, Uttama said.Thosaporn Sirisumphand, secretary-general of the state planning agency, is reported to be the favorite to replace Somkid, according to media.The energy minister and the minister of Higher Education, Science, Research and Innovation also resigned, as part of a major shake-up of the cabinet’s economic team.“One of the most immediate issues is how soon a new economic team will replace them,” said Tim Leelahaphan, economist at Standard Chartered Bank.The shake-up comes as a process is under way to pick a new governor of the Bank of Thailand (BOT), who will inherit an ailing economy with interest rates near zero percent, a stubbornly strong currency and a mountain of household debt.Sethaput Suthiwart-Narueput, a former World Bank economist and an economic advisor to Prime Minister Prayuth Chan-ocha, is leading in the race to be new governor, according to media.“The markets are anxious who will fill the shoes of the economic portfolios, as the change also has implications for the central bank governor’s selection process,” said Kobsidthi Silpachai, head of capital markets research at Kasikornbank.Charnon Boonnuch, economist at Nomura in Singapore, said “elevated political uncertainty remains an important headwind to the economy, as it is an obstacle to long-term reform and large-scale investment.”The Asahi Shimbun aims “to achieve gender equality and empower all women and girls” through its Gender Equality Declaration.Let’s explore the Japanese capital from the viewpoint of wheelchair users and people with disabilities with Barry Joshua Grisdale.This special page portrays the dramatic arrest of Carlos Ghosn and the twists and turns that followed.This special page reviews what the former Nissan Motor Co. chairman left during his 19 years in Japan.Baseball star Ichiro Suzuki had much to say on March 21, 2019, the day he hung up his spikes.This special page details how journalists uncovered shady transactions through Bermuda and other tax havens.Copyright © The Asahi Shimbun Company. All rights reserved. BANGKOK--Thailand’s Finance Minister Uttama Savanayana resigned on Thursday in a move that adds uncertainty to policy making at a time when … Your browser does not support JavaScript, or it is disabled．Please check BANGKOK--Thailand’s Finance Minister Uttama Savanayana resigned on Thursday in a move that adds uncertainty to policy making at a time when Southeast Asia’s worst-performing economy is struggling to recover from the impact of the COVID-19 crisis.The departure of Uttama, who confirmed his resignation at a briefing, comes as the government has been rolling out billions of dollars of stimulus measures in a bid to support an economy battered by the pandemic’s hit to tourism and domestic activity.“It’s an appropriate time to resign” for the economy to move forward, Uttama told the briefing. He was part of the new economic team that was supposed to pull Thailand back towards recovery after the coronavirus pandemic. Uttama Savanayana acknowledged the urgency to act on this on the basis that 70% of the Thai economy is export-led. The Finance Minister had just been appointed by the cabinet to his position on August 6 to replace outgoing minister Uttama Savanayana who left his position after infighting the Palang Pracharath Party. — Reuters pic BANGKOK, July 16 — Thailand's Finance Minister Uttama Savanayana resigned today in a move that adds uncertainty to policy making at a time when South-east Asia's worst-performing economy is struggling to recover from the impact of the … Thailand's Finance Minister Uttama Savanayana resigned on Thursday in a move that adds uncertainty to policy making at a time when Southeast Asia's worst-performing economy is … New Finance Minister Predee Daochai has offered his resignation on Tuesday, after serving less than one month in office due to health reasons, government officials said.Deputy Prime Minister Wissanu Krea-ngam told reporters that Predee offered his resignation to Prime Minister Prayut Chan-ocha personally and cited health reasons for his resignation.It is understood by Thai Enquirer that the prime minister has not yet accepted the resignation.The Finance Minister had just been appointed by the cabinet to his position on August 6 to replace outgoing minister Uttama Savanayana who left his position after infighting the Palang Pracharath Party.He was part of the new economic team that was supposed to pull Thailand back towards recovery after the coronavirus pandemic.The shock resignation will come as a blow to a Prayut administration already reeling from months of anti-government protests by students and several high profile mishaps.On Monday, the government walked back plans to buy expensive submarines for the navy after being criticized by the public for prioritizing weapons acquisitions when the country was under economic pressure due to Covid-19The administration has also not presented a united front to the public with high profile feuds within the ruling party leaking into the public and resulting in the high profile resignation of the previous economic team.The government has been under pressure for some time from a shrinking economy with estimates ranging from 8 per cent to 12 per cent contraction for 2020.Economic analysts say that unless tourists levels resume in 2021, it is unlikely that Thailand will see a U-shaped recovery.The search for a replacement for former finance minister Uttama took longer than average with several high profile candidates declining before Predee accepted the position on the second time of asking.Predee had spent much of his career in the banking sector, specifically with Kasikorn Bank buthas also worked with Prayut and his cabinet before, having been handpicked by the coup government in 2014 to serve in the rubber-stamp National Legislative Assembly.Maria Lapiz, Head of Institutional Research at Maybank Kim Eng Thailand, told Thai Enquirer that the market was not likely to be impacted significantly by the news if a replacement was found quickly.

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