Srettha Thavisin urged to address economic challenges swiftly

Thailand’s political stalemate came to a close yesterday as property tycoon Srettha Thavisin was elected as the country’s 30th prime minister following a majority vote in both houses of Parliament. Now, the nation’s business community is urging the newly appointed leader to hasten the process of organising his government. The aim is to promptly address a sequence of pressing challenges such as fragile exports, an impending drought crisis, and the ongoing economic recovery.

Kriengkrai Thiennukul, chairman of the Federation of Thai Industries (FTI), expressed the need for the newly elected Srettha’s Cabinet to begin work immediately. The goal is to rejuvenate and expand the Thai economy which has been under the limited power of the outgoing PM Prayut Chan-o-cha Cabinet since the announcement of House dissolution in March.

Referring to the Move…