Reshuffle highlights economic concerns in Thailand

Significance

Pichai Chunhavajira, an experienced businessman who has held various important positions previously, was named as the new finance minister, taking over the role from the premier himself. Parnpree Bahiddha-Nukara was removed as a deputy premier, prompting him to resign as foreign minister.

Impacts

• Pheu Thai will remain under the control of the Shinawatra family.
• Tensions between Srettha and the Bank of Thailand could make it harder to implement the digital wallet scheme.
• Fighting between the Myanmar military and enemy forces close to the Myanmar-Thailand border will continue to be a major worry for Bangkok.