Bangkok: Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, has clarified the recruitment process for the new Governor of the Bank of Thailand (BOT), stating that he has not approached anyone for the position. The term of the current Governor, Mr. Sethaput Suthivadnarueput, ends on September 30, 2025. Mr. Pichai expects 6-7 candidates to apply by the end of the recruitment period, which closes today. The selection committee will then review the candidates' qualifications and disqualifications, with a preliminary meeting planned to narrow the list to two.

According to Thai News Agency, Mr. Pichai discussed ongoing trade negotiations with the United States, highlighting adjustments for mutual benefit. Discussions with Mr. Jamison Greer, US Trade Representative, during an OECD ministerial meeting, indicated the potential for online negotiations. However, Mr. Pichai emphasized the need to await further details from the United States regarding the conditions of these discussions.

Addressing concerns about a potential 50% increase in global steel tax, Mr. Pichai noted that it would be manageable since all countries would face the same challenge. He also delivered a lecture at the THAILAND C VISION SUMMIT 2025, underscoring the importance of adapting to evolving global dynamics and rapidly changing technologies.

Mr. Pichai outlined the goal of attracting over 6 trillion baht in foreign investment, equating to 30-34% of GDP. The Board of Investment reported record-high investment promotion applications and approvals exceeding 1 trillion baht in 2024. In the first quarter of 2025, investment reached 500-600 billion baht, indicating sustained interest in Thailand. However, challenges such as high electricity costs and logistics issues remain. Mr. Pichai stressed the need for Thailand to create more incentives for investment to bolster economic growth.