Thai PM Srettha to take finance portfolio amid tepid economic growth

Thailand's new Prime Minister Srettha Thavisin, a real estate tycoon, has been named finance minister in a cabinet endorsed by the king, with the aim of boosting the country's economy and implementing campaign promises such as a 10,000 baht ($285.63) handout in digital currency.

reuters.com

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8/24/2023

After limbo, Thailand's new prime minister faces weakened economy

Thailand's new prime minister, Srettha Thavisin, must deliver on his promises to revive the economy, support small businesses, and address inequality after the country reported slower-than-expected economic growth and faces challenges such as a slowdown in China, high household debt, and rising interest rates.

8/23/2023

Thailand’s New Pro-Crypto Prime Minister Was an Active Crypto Investor

Real estate developer Srettha Thavisin becomes Thailand's next Prime Minister after the Pheu Thai party's victory in the controversial election, with previous involvement in the country's digital asset sector through his role as CEO of real estate developer Sansiri.

8/25/2023

Thai PM makes resort island first visit, seeks tourism boost

Thailand's new Prime Minister Srettha Thavisin visits Phuket to emphasize plans to boost tourism and revive the economy after a decline in exports due to weak global demand, with the goal of attracting 29 million foreign visitors this year.

9/7/2023

New Thailand Govt Turns to Blockchain and Crypto Wallets for National Airdrop

Thailand's newly appointed government plans to distribute a cash handout to citizens using blockchain and crypto wallets, aiming to promote digital finance and reduce income disparities. The move is seen as a warm-up for the deployment of Thailand's central bank digital currency (CBDC) and is expected to add at least 2 trillion baht ($56 billion) to the economy. However, critics have raised concerns about the source of the funds and the potential erosion of privacy and financial freedom.

9/18/2023

Thai PM Announces New Policies to Boost Economy and Draw Investment

Thai Prime Minister Srettha Thavisin plans to implement policies by the end of the year to reduce living costs, including lowering electricity prices and increasing the minimum daily wage, in an effort to revive the economy and achieve 5% annual growth.

9/20/2023

Thailand Announces $66 Billion Borrowing Plan for 2024 to Stimulate Economy

Thailand's new government plans to borrow 2.4 trillion baht ($66.4 billion) for the fiscal year 2024, representing a 9% increase from the current year, as part of their efforts to stimulate the economy.

9/22/2023

Thailand PM Meets With U.S. Tech and Business Leaders to Boost Investment and Growth

Thailand's Prime Minister Srettha Thavisin holds meetings with U.S. companies and discusses investment opportunities to revive the country's economy, focusing on sectors such as technology and cosmetics.

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Posted 9/2/2023, 7:12:41 AM