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Thai PM Paetongtarn pledges new populist measures to boost govt support, economy

Thai Prime Minister Paetongtarn Shinawatra pledged new populist measures on December 12 in an attempt to shore up support for her government and boost an economy held back by high household debt, tight lending and tepid consumption. In a televised address on the government’s performance during her first three months in office, Ms Paetongtarn said her administration would provide soft loans for community businesses, funds for villages, cheap housing for lower-income workers in Bangkok, energy price cuts and a flat rate for urban rail travel. She added that the government would formalise and regulate underground businesses that accounted for an estimated 49% of Thailand’s gross domestic product (GDP), a move aimed at protecting consumers and generating government income. “In 2025, it will be the year of tangible opportunities and hopes. The government will create tangible results to make dreams come true. Policies that are tangible,” she said. Ms Paetongtarn, the…...

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12 Dec 2024

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