Industry News

Thailand

2024-09-03 11:05:57

THAILAND-POLITICS-052651_1

(Bangkok Comprehensive News) Thai Prime Minister Petunthan has finalized the new cabinet, and the new cabinet is expected to take office in mid-September. The new government's economic policies will be based on the policies of the previous Soekarno-Satta government, including the immediate implementation of digital wallets and other plans.
Tunthan said on Monday (September 2) that after a long process, all candidates for the new cabinet have passed the review, and the list of 35 ministers will be submitted to the King of Thailand for approval as early as this week. Thai media quoted sources as saying that Finance Minister Pitchai and Foreign Minister Mali will remain in the new cabinet. The new cabinet is expected to add 11 ministers and deputy ministers.

Petunthan personally leads the economic team to show that the new government attaches importance to economic development
In addition, it is also crucial for the prime minister to personally convey key policies, especially the digital wallet plan that the Pheu Thai Party is striving to promote. The prime minister must ensure that the public can clearly and directly understand the policy content.

The article in Thailand's "Nation" pointed out that Petunthan personally leads the economic team, which is equivalent to showing voters that the new government attaches importance to economic development. The article said that she must closely monitor all key economic affairs, such as debt solutions, credit issues, interest rate policies and geopolitical challenges.

With the establishment of the new cabinet, Thailand's recent turbulent political landscape may be expected to calm down. Deputy Prime Minister Wijayachai said that the new cabinet lineup will start working directly after being approved by the king.

Sources estimate that the economic policy of the Petunthan government will follow the line of former Prime Minister Sattha. Former Prime Minister Thaksin confirmed in an earlier interview that Petunthan will lead the economic team. The Pheu Thai Party has also established a special economic team and intends to invite several external experts to assist in the work.

After the former Prime Minister Sattha was dismissed by the Constitutional Court for serious violations of ethical standards, the Thai Parliament elected Petunthan as the 31st Prime Minister and formed a new cabinet to lead the country.

The Pheu Thai Party announced earlier that it would no longer ally with the pro-military People's Power Party and formally invited its arch-rival Democratic Party to join the ruling coalition. Petongthan said that Thailand needs a stable government, and the Pheu Thai Party needs to gain enough support in parliament to push various bills through parliament and solve people's problems, and the support of the Democrat Party will help the Pheu Thai Party achieve this goal.

The Bangkok Post reported that Prommin Lertsuridej, secretary general of the Prime Minister, said that the ruling coalition has more support from MPs in parliament after the Democratic Party joined. Now, the ruling coalition controls 322 seats in parliament, of which the Pheu Thai Party has 141 seats; the Thai Pride Party ranks second with 70 people; and the Thai Unity Party ranks third with 36 people.

With the establishment of the new cabinet, Thailand's recent turbulent political landscape may be expected to calm down. Deputy Prime Minister Wijayachai said that the new cabinet lineup will start working directly after being approved by the king.