Srettha promised to revive Thailand's economy with populist measures including suspending debts for farmers, raising minimum wages and providing handouts.
Srettha Thavisin, Thailand's prime minister, arrives at Thai Parliament in Bangkok, Thailand, on Monday, Sept. 11, 2023. Thailand will dole out 560 billion baht to its 55 million adults in the next six months to spur domestic demand and investment, with new Prime Minister Srettha pitching the revival of a sluggish economy as his government's top priority.
To counter soft demand for Thai exports and low investor confidence, Srettha and his 11-party government have promised to revive Southeast Asia's second-biggest economy with a series of populist measures including suspending debts for farmers, raising minimum wages and providing handouts to all Thai adults via digital wallets.
"We've already reduced electricity prices but want to reduce more but it will take several weeks," the premier said, adding the country's economic situation is "not so good".
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