Thailand
Thailand: Four candidates submit governor applications
There are four candidates to replace outgoing governor Veerathai Santiprabhob as the Bank of Thailand’s 24th chief, says Rangsan Sriworasart, the selection committee chairman.
Two are insiders at the central bank and two are outsiders, Mr Rangsan said without revealing any names.
The committee will announce the applicants’ names tomorrow after the application period closed yesterday.
If the committee decides that the qualifications of only one or two applicants meet the requirements, the application period can be extended, Mr Rangsan said.
The committee must name at least two shortlisted candidates and propose them to Finance Minister Uttama Savanayana, who will forward his pick for the next governor to the cabinet for approval.
The applicants must present their vision for the Bank of Thailand in the interview round, which takes place this month. The nomination process must be finalised by July 2.
Mr Veerathai recently announced that he would not apply for a second term after his five-year tenure expires on Sept 30.
The new governor will face a challenging task in dealing with the fallout from the pandemic. The central bank recently hinted that it would slash its forecast for economic growth this year on June 24.
The Bank of Thailand in March lowered its 2020 economic growth projection to a 5.3% contraction from a 2.8% growth outlook seen previously.
Source: https://www.bangkokpost.com/business/1935992/four-candidates-submit-governor-applications