The Federation of Thai Industries (FTI) supports the idea of having the chairman of the Thai Bankers' Association Payong Srivanich take the helm of the economy in the new cabinet, FTI chairman Kriangkrai Tiannukul told reporters on Wednesday.

Krungthai Bank president Payong Srivanich has been appointed new chairman of the Thai Bankers' Association, replacing Predee Daochai, who left to take up the post of Finance Minister.