New prime minister promises to hand out cash, reduce energy prices and boost tourism to stimulate sluggish economy.
Thailand’s new Prime Minister Srettha Thavisin has pledged quick action to relieve the country’s post-pandemic economic problems, including handing out cash to stimulate spending and tackling rising energy costs.
Srettha laid out the pledges in his inaugural speech to Parliament on Monday after four months of political uncertainty while lawmakers were unable to agree on a government.
A member of the populist Pheu Thai Party, Srettha entered politics after a career as a real estate developer. His government is facing high expectations and pressing demands to address a range of economic, political and social problems in its four-year term.
The prime minister described Thailand’s economy – which has slumped after the COVID-19 pandemic all but crippled its lucrative…
