Thailand PM Srettha commits to $280 handout to kick-start economy

  • Thailand’s new Prime Minister Srettha Thavisin laid out his government’s policies on Monday in an address containing immediate economic deliverables for his Pheu Thai Party, few tangible solutions for structural problems, and hints at popular reforms to the constitution and military.
  • With economic growth slowing in the second quarter to 1.8% year-on-year amid weak exports, quick economic wins will be critical for Pheu Thai to assuage a public disappointed by its separation from Move Forward in favor of military-linked and conservative parties, its former rivals. Pheu Thai’s lofty campaign promises were tempered by the reality of Srettha’s 11-party crossover coalition.
  • A new pledge to reduce energy costs in September and restructure the country’s energy consumption will also be out of Pheu Thai’s direct scope, as the Ministry of Energy was given to the United Thai Nation Party.
  • In response to the speech, Move Forward deputy leader Sirikanya Tansakul criticized the lack of clear indicators and time frames in Srettha’s policies.

External Link :