BANGKOK (Reuters) – Thailand’s recently appointed finance minister, Predee Daochai, has resigned as the government struggles to pull Southeast Asia’s second-largest economy out of a slump caused by the coronavirus pandemic.
FILE PHOTO: Thailand’s Finance Minister Predee Daochai attends a family photo session with new cabinet ministers at the Government House in Bangkok, Thailand August 13, 2020. REUTERS/Jorge Silva
The banking veteran took office just last month as Prime Minister Prayuth Chan-ocha shook up his economic team to address the drop in demand and the devastation suffered by the country’s vital tourist industry.
Predee, 61, did not respond to telephone calls from Reuters, and it was not immediately known why he resigned. Thai media said he wanted to quit for health reasons.
His resignation was confirmed by an official announcement in the country’s Royal Gazette.
Earlier news that Predee had proffered his resignation prompted the stock market to fall as