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Deputy finance minister apologises for elitist comment

Deputy finance minister apologises for elitist comment

15 Sept 08:27 Key points summarised by AI
  • Deputy Finance Minister Paopoom Rojanasakul apologized for a comment perceived as elitist towards retail stock traders, stating it was a misunderstanding.
  • He clarified his intention was to explain the Thai economic situation in the context of the stock market, not to look down on anyone.
  • The controversial remark suggested 'smart people' recognize economic opportunities while others get nervous, drawing significant public criticism.
  • Paopoom insisted the Thai economy is improving, attributing the equity market's decline to external factors rather than underlying economic fundamentals.
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