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Cabinet approves GSB president and CEO as new central bank governor

11 Sept 21:30 Key points summarised by AI

The cabinet officially approved Vitai Ratanakorn, president and CEO of Government Savings Bank, as the new governor of the Bank of Thailand, replacing Sethaput Suthiwartnarueput.
Vitai's selection reflects the government's desire for a central bank governor more supportive of its policies, contrasting with the central bank's long-standing culture of independence.
A group of economics professors opposed Vitai's nomination, arguing that the central bank requires a governor free from government influence.
The outgoing governor, Sethaput, was known for his disagreements with the government on major issues, including the 'digital wallet' scheme and calls to lower interest rates.
Government officials defended Vitai's appointment, citing his extensive knowledge and experience in macroeconomics and banking as meeting legal requirements.

18 Oct 12:30 Key points summarised by AI

A recent NIDA poll indicates that a plurality of the public (30.38%) anticipates Kla Tham Party MPs will vote to support all 18 cabinet ministers targeted in the upcoming no-confidence debate.
Respondents believe the Ministry of Interior (38.78%) and the Prime Minister’s Office (21.37%) will face the toughest questioning during the censure debate.
Economic issues, particularly alleged incompetence in addressing problems (34.27%) and the rising cost of living (25.88%), are cited as the primary concerns for the government during the censure.
The public holds high expectations for the Opposition's case, with 45.65% believing clear, concrete evidence will be presented against all 18 ministers, and 41.22% expecting substantial evidence against specific ministers.