Ruling Thai general to chair country’s Board of Investment

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thailand-coupThe ruling general of Thailand’s junta which took over power on May 22, Gen Prayuth Chan-ocha, will chair a new 18-person Board of Investment which he appointed on June 7. Two of his deputies also sit on the board, according to an announcement made.

The list of directors and advisers seems to have been chosen by position. The permanent secretaries of economic ministries and chiefs of the “Big Three” industry groups – the Thai Chamber of Commerce, the Federation of Thai Industries, the Thai Bankers’ Association – serve as directors.

Heads of the Bank of Thailand, the National Economic and Social Development Board and the Stock Exchange of Thailand also serve as directors. Leaders of other industry groups were appointed as advisers.

The terms of the previous BoI directors expired last October but in the face of rising political protests, the Yingluck Shinawatra government was unable to appoint a new board before the House was dissolved for elections that were later annulled by the Constitutional Court.

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Reading Time: 1 minute

The ruling general of Thailand’s junta which took over power on May 22, Gen Prayuth Chan-ocha, will chair a new 18-person Board of Investment which he appointed on June 7. Two of his deputies also sit on the board, according to an announcement made.

Reading Time: 1 minute

thailand-coupThe ruling general of Thailand’s junta which took over power on May 22, Gen Prayuth Chan-ocha, will chair a new 18-person Board of Investment which he appointed on June 7. Two of his deputies also sit on the board, according to an announcement made.

The list of directors and advisers seems to have been chosen by position. The permanent secretaries of economic ministries and chiefs of the “Big Three” industry groups – the Thai Chamber of Commerce, the Federation of Thai Industries, the Thai Bankers’ Association – serve as directors.

Heads of the Bank of Thailand, the National Economic and Social Development Board and the Stock Exchange of Thailand also serve as directors. Leaders of other industry groups were appointed as advisers.

The terms of the previous BoI directors expired last October but in the face of rising political protests, the Yingluck Shinawatra government was unable to appoint a new board before the House was dissolved for elections that were later annulled by the Constitutional Court.

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