(Reuters Photo)Outgoing Bank of Thailand governor Veerathai Santiprabhob has denied reports that he was being considered for a new economic team as Prime Minister Prayut Chan-o-cha prepares to shuffle his cabinet. Local media had linked Mr Veerathai to an unspecified cabinet position to shore up the economic team following the resignation of Finance Minister Uttama Savanayana, Deputy Prime Minister Somkid Jatusripitak and two others on Thursday. Mr Veerathai’s five-year term as central bank governor ends in September and the bank is in the process of selecting his successor. The prime minister also said he had asked former central bank governor Prasarn Trairatvorakul to join the cabinet but the latter declined the invitation for family reasons. Two deputy central bank governors have also applied.

Source: Bangkok Post July 18, 2020 08:48 UTC