Thailand hunts for new FinMin

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    BANGKOK- After its finance minister’s surprise exit, Thailand is looking for a new chief to steer its economy through the coronavirus crisis, with the outgoing central bank boss being linked to the job and a deputy minister throwing his hat into the ring.

    Banker Predee Daochai quit as finance minister on Tuesday after only a few weeks, as the government struggles to pull Southeast Asia’s second-biggest economy out of an outbreak-induced slump.

    Prime Minister Prayuth Chan-ocha wants to fill the post at an appropriate time, but investors want a quick and suitable appointment for policy continuity and to build confidence.

    Deputy Finance Minister Santi Promphat, a former transport minister who has worked in three different administrations, said he is “ready to work for the country” and can hit the ground running.

    “I have the expertise and ability to handle the pressure of the current economic situation,” he told reporters soon after Predee quit.

    “In such a crisis, I can start work immediately”.