Thailand's Deputy Prime Minister and Finance Minister Pichai Chunhavajira has expressed relief following the Cabinet's approval of Vitai Ratanakorn to head the central bank, tasking him with urgent debt solutions whilst upholding monetary policy independence

Global Power Synergy Plc (GPSC) plans to increase its registered capital worth Bt74 billion in order to reduce its debt of Bt134.5 billion, it said on Thursday. It borrowed from its parent companies including PTT Plc and PTT Global Chemical Plc, to acquire a major stake in Glow Energy Plc early this year.