Thai finance minister resigns less than a month into job

The government didn’t give a reason for Predee’s resignation, but Thai-language newspaper Khaosod reported earlier that he was quitting for health reasons, citing an unidentified government official.

BANGKOK: Thailand’s finance minister submitted his resignation less than a month after he took office, injecting more uncertainty into an economy already reeling from its worst crisis in decades.

The resignation of Predee Daochai, a former co-president of Kasikornbank Pcl, will be effective from Sept 2, according to a Royal Gazette announcement yesterday. Predee, 61, was named as the new finance minister on Aug 6 and joined prime minister Prayuth Chan-Ocha’s Cabinet on Aug 12.