Thai Finance Minister resigns after 26 days due to reported health conditions

National –

Thailand’s royally appointed Finance Minister Predee Daochai has reportedly submitted his resignation yesterday, August 31, citing the departure was due to health concerns.

Predee Daochai was a former president of Kasikorn Bank who had formally been approved to his position as Finance Minister by His Royal Majesty the King on August 6, 2020. He was in the office for only 26 days before he reportedly resigned.

His resignation letter has not yet been formally approved by the Prime Minister. UPDATE: The Prime Minister has reportedly acknowledged the request, effective tomorrow. Although the letter reportedly mentioned his health condition, the reasons for his leaving have not been officially confirmed by the Minister or the Ministry of Finance.

According to earlier media reports, Mr. Predee disagreed with other officials over the reshuffle of high-ranking officials, in particular who should head the Excise Department. These reports were not independently confirmed by The Pattaya News.

A decision on a new finance minister is unlikely to immediately come as the Prime Minister considers the situation.  The finance ministry is also, according to some reports, at odds with certain policy decisions such as international closures of borders and efforts to restart the economy during the Covid-19 pandemic.

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