Thailand’s Parliament has elected Srettha Thavisin as the country’s 30th prime minister, bringing relief and optimism to the business sector.
Key TakeawaysThe election of Thailand’s 30th prime minister has brought relief and optimism to the business sector, with hopes for quick action on economic issues.
Thailand’s new prime minister-elect, Srettha Thavisin, aims to stimulate the economy through policies such as transferring money into digital wallets and increasing the minimum daily wage.
The new government’s policies, such as a 560-billion-baht scheme to boost spending power, may contradict the Bank of Thailand’s preference for maintaining economic stability.
To address slowing growth, the newly appointed prime minister aims to promote tourism and focus on four key areas: technology advancement, industry supply chain development, Thai firms investing abroad, and infrastructure improvement.
Business leaders are urging the new government to address economic issues such as the high cost of living, tourism promotion, government spending, and fiscal planning. However, concerns have…