Thailand’s Srettha pledges urgent action to tackle ‘sick economy’
Al JazeeraNew 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. The prime minister described Thailand’s economy – which has slumped after the COVID-19 pandemic all but crippled its lucrative tourism industry – as “a sick person”. The prime minister said the government would He also addressed campaign pledges to reform the military, a powerful political player that has staged two coups since 2006, by promising “co-development” with the army to end mandatory conscription, reduce an excessive number of generals and ensure transparency in procurement procedures by the Ministry of Defence. Pheu Thai initially worked with Move Forward to form a government, but the bid failed after Thai senators opposed the coalition because of the progressive party’s calls for minor reforms of the monarchy.