Press "Enter" to skip to content

New Thai PM Anutin Taps Bureaucrat Ekniti as Finance Minister Amid Economic Strains

Last updated on December 25, 2025

BANGKOK: Thailand’s new prime minister Anutin Charnvirakul has unveiled his cabinet line-up, naming senior bureaucrat Ekniti Nitithanprapas as finance minister to navigate an economy burdened by US tariff fallout, weakening tourism, and Southeast Asia’s highest household debt levels.

Anutin, who was elected premier on Friday, told reporters that Ekniti was chosen for his extensive experience at the finance ministry, where he has led several key departments.

“He is a capable professional,” Anutin said, adding that his nomination will soon be sent for royal endorsement.

Thai media previously speculated that Bank of Thailand governor Sethaput Suthiwartnarueput was among those considered for the role.

Cabinet picks reflect balance of experience

Anutin also announced that Auttapol Rerkpiboon, former CEO of state-controlled energy giant PTT Pcl, will take over as energy minister, while veteran diplomat Sihasak Phuangketkeow will head the foreign ministry.

The line-up comes as Thailand’s economy is forecast to grow only 2% this year, less than half the expected pace of Indonesia and the Philippines. Analysts say the incoming finance minister will face an uphill task in reviving growth and restoring investor confidence.

Policy challenges and political promises

Asked whether his government would revive the co-payment programme introduced during the pandemic to boost consumption, Anutin said policies would focus on delivering tangible benefits for citizens.

Anutin, a conservative politician with royalist ties, is leading a minority government after securing parliamentary backing from the pro-democracy People’s Party, the largest bloc. He has pledged to hold fresh elections within four months and begin steps to rewrite the constitution.

His coalition includes pro-royalist and conservative factions, some of which previously backed former prime minister Paetongtarn Shinawatra, who was ousted by the Constitutional Court for ethical misconduct. Her dismissal fractured the ruling bloc and paved the way for Anutin’s rise, capping a week of political turbulence.

Author

  • Kay like to explores the intersection of money, power, and the curious humans behind them. With a flair for storytelling and a soft spot for market drama, she brings a fresh and sharp voice to Southeast Asia’s business scene.

    Her work blends analysis with narrative, turning headlines into human stories that cut through the noise. Whether unpacking boardroom maneuvers, policy shifts, or the personalities shaping regional markets, Kay offers readers a perspective that is both insightful and relatable — always with a touch of wit.

Latest News