New Thai Cabinet prioritises economic recovery, property and tourism sectors

[snoop1130]

 

The newly confirmed Cabinet, featuring many Pheu Thai Party members, is focusing on economic recovery matters and pledged to reduce energy costs to ease financial burdens.

 

Prime Minister Srettha Thavisin engaged with various business sectors but concerns about potential bias make it unlikely that the property sector will receive preferential treatment.

 

Tritecha Tangmatitham, MD of SET-listed developer Supalai, believes the PM’s economic understanding will support businesses that drive economic growth but warns against perceived favouritism towards property businesses during the recovery.

 

Kriengkrai Thiennukul, chairman of the Federation of Thai Industries (FTI), is optimistic about the new Cabinet, especially the economic ministers. He believes that the new government brings hope for a full recovery and robust economy.

 

The FTI is particularly enthusiastic about implementing the 10,000-baht digital wallet scheme to boost individuals’ purchasing power. Burin Adulwattana, managing director and chief economist of Kasikorn Research Center, believes that this initiative could help spur economic activity and drive GDP growth.

 

By Neill Fronde

Caption: Photo Courtesy of Bangkok Post

 

Full Story: https://thethaiger.com/hot-news/economy/new-thai-cabinet-prioritises-economic-recovery-property-and-tourism-sectors

 

-- The Thaiger 2023-09-04

 

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[Thailand]

And the burning season will continue unabated although committees will be formed?

[hotchilli]

11 hours ago, snoop1130 said:

He believes that the new government brings hope for a full recovery and robust economy.

Blind faith.