The political picture is finally becoming clear with the election in parliament this week of Srettha Thavisin from the Pheu Thai Party as the country’s 30th prime minister.
The shape of the new cabinet should be known within days, with Mr Srettha, a veteran property executive, expected to also take the position of finance minister to revitalise the economy. Optimism has been reflected in the SET index, which is up more than 2% from a week earlier.
But the important question now is how the Pheu Thai Party intends to make good on its campaign pledges, with a lot of attention focusing on four flagship policies:
A digital wallet of 10,000 baht per person;
An increase in the daily minimum wage to at least 600 baht between now and 2027;
An increase in the starting salary of bachelor’s degree holders to 25,000 baht or more by 2027;
Debt and interest repayment…
