Thailand Prime Minister Srettha Thavisin reads the policy statement at Parliament in Bangkok, Thailand, Monday, September 11, 2023. Picture by AP.
The Stock Exchange of Thailand (SET) experienced a slight decline yesterday as the newly elected government‘s policy statement failed to impress investors. Analysts have raised concerns about the lack of specific timelines and the feasibility of implementing these policies.
The Srettha Thavisin administration’s key policies include a 10,000 baht digital wallet to stimulate domestic demand, energy price reductions, tourism promotion, and debt relief for struggling farmers and small businesses. The digital wallet initiative, scheduled for launch in the first quarter of 2024, aims to increase economic growth to potentially 5% in 2024, up from this year’s projected 2.8%.
However, the stock market’s response to the policy…
