reshuffle

  • Economy

    Somkid’s departure sees baht drop further

    The baht’s current shine as the ‘safe’ current in Asia has lost its lustre. After riding high as Asia’s best performing currency last year, the baht has wiped out all of its 8% gains this year during the Covid-19 crisis, and yesterday’s announcement of the resignations of Deputy PM Somkid Jatusripitak and “the four big boys” (4 of Prayut Chan-o-cha’s…

  • Politics

    Deputy PM Somkid, top economic team resign

    Deputy PM Somkid Jatusripitak, widely considered Thailand’s economic tzar, has resigned, along with 3 ministers working for him, paving the way for the long-rumoured cabinet reshuffle by PM Prayut Chan-o-cha of the government’s economic team. The 3 others are Finance Minister Uttama Savanayana, the energy minister and the minister of higher education, science, research, and innovation. The deputy secretary-general of…

  • Economy

    “I already lost heart years ago” – Thailand’s economic Tzar ponders his fate

    Thailand’s Deputy PM and leading economic advisor, Somkid Jatusripitak, has acknowledged his fate if PM Prayut Chan-o-cha decides to reshuffle the cabinet. “A decision to shake up the cabinet is the prerogative of the prime minister.” “I have been prepared for a long time. I am old now. I already lost heart years ago.” Mr Somkid has long been proclaimed…

  • Politics

    Cabinet reshuffle coming as 4 economic ministers resign

    PM Prayut Chan-o-cha says he’ll reshuffle the Cabinet following the resignations of 4 economic ministers from the ruling Palang Pracharat Party. The finance minister, energy minister, the minister of higher education, science, research and innovation and the deputy secretary-general to the PM and secretary to the Council of Economic Ministers held a joint press conference to announce their resignations. Political…

  • Politics

    Outgoing army chief says no plans for US base on Thai soil

    Outgoing army chief Apirat Kongsompong, is denying that the US is seeking to establish a military base on Thai soil. At a press briefing, Apirat said that Thai and US troops have only carried out joint military drills, code-named Cobra Gold, and nothing more. The drills are a multinational exercise held annually in Thailand. Apirat insisted the US did not…