New Thai PM to Push Ahead With Cash Stimulus to Revive Economy
- New cabinet meets for first time after being sworn-in Friday
- Paetongtarn to make policy statement in parliament next week
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Thailand’s newly-appointed Prime Minister Paetongtarn Shinawatra vowed to push ahead with a controversial $14 billion cash stimulus plan as her cabinet finalized a blueprint to free Southeast Asia’s second-largest economy from a prolonged period of low growth and chronic household debt.
Paetongtarn, who was sworn in to office along with her 35-member cabinet on Friday, will present her government’s policy statement to parliament next week. It is expected to spell out details of the long-delayed cash handout and her administration’s agenda to promote tourism and foreign investment.