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Wednesday, May 1, 2024

Thai parties pledge to tackle economic inequality, business groups sceptical

JFCCT SME Committee: SME Seminar “Scaling-up SMEs Access to Finance” held at UOB Plaza Bangkok on March 16, Image via Facebook

Business organisations have expressed support for the Move Forward Party’s campaign pledges to address economic inequality in Thailand, but they question the party’s ability to overcome long-standing issues.

On May 22, eight political parties signed a memorandum of understanding, outlining 23 focal points for governing Thailand. These included a joint commitment to reducing inequality and promoting equitable economic growth. The Move Forward Party is particularly recognised for its opposition to monopolies, aiming to support small and medium-sized enterprises (SMEs).

Kriengkrai Thiennukul, chairman of the Federation of Thai Industries (FTI), commented on the party’s policies, saying, “The party has some good policies, but the question is whether it…

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