Thai cabinet approves state bank CEO as next central bank chief

Vitai Ratanakorn to manage monetary policy as economy faces headwinds

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Vitai Ratanakorn, president and CEO of the state-run Government Savings Bank, has been appointed as the next governor of the Bank of Thailand. (Source photos by Lauren DeCicca and screenshot from Government Savings Bank's website) 

YUICHI NITTA

BANGKOK -- The Thai cabinet on Tuesday approved Vitai Ratanakorn, who currently runs a state-owned bank, as the next governor of the Bank of Thailand, taking office on Oct. 1.

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