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Thailand’s New Economic Team Takes Charge as Growth Sputters

Thailand Cuts Interest Rate as Virus Outbreak Hurts Economy
Photographer: Andre Malerba/Bloomberg

Former banker Predee Daochai was inaugurated as Thailand’s new finance minister in Prime Minister Prayuth Chan-Ocha’s revamped Cabinet that’s tasked to lead the country out of its worst-ever economic crisis amid mounting anti-government protests.

King Maha Vajiralongkorn swore in Predee and Supattanapong Punmeechaow, a former senior executive of PTT Pcl, who was named a deputy prime minister and is in charge of the Energy Ministry, at a ceremony in Bangkok Wednesday. Five other ministers also took the oath of office, according to Narumon Pinyosinwat, the new deputy labor minister and a former government spokeswoman.