Prime Minister Srettha Thavisin
- Business News
Thailand’s digital wallet project: Green light to make cash splash
The government of Thailand has given the green light for the formation of a committee for its ambitious digital money handout scheme, otherwise known as the digital wallet project. Slated for launch in February, the initiative aims to stimulate the economy by providing each Thai citizen above the age of 16 with 10,000 baht (US$269) in digital money. The project, requiring…
- Business News
Thai high-flyer: PM Srettha aims to lift Thailand to upper-income status in four-year soar
Prime Minister Srettha Thavisin announced ambitious plans to elevate Thailand to an upper-income nation within the next four years. The 61 year old prime minister unveiled the government’s fiscal strategy for 2024, targeting an average economic growth of 5% per annum and a minimum daily wage of 600 baht by 2027. The initial proposal includes a raise of the minimum…
- Business News
Thailand central bank raises policy rate, reduces 2023 GDP forecast
Following the Bank of Thailand‘s decision to increase its policy rate and reduce the GDP forecast for 2023, the bank’s governor, Sethaput Suthiwartnarueput, will meet Prime Minister Srettha Thavisin. Sethaput did not disclose the specifics of the meeting’s agenda, scheduled for Monday, but assured readiness to address any queries. Contrary to circulating rumours, the 61 year old prime minister, who…
- Thailand News
Prime Minister of Thailand, Srettha Thavisin, gives all salary to charity
Prime Minister of Thailand Srettha Thavisin today declared that he will not accept his 125,590 baht monthly PM salary while he is in office, adding he will donate it to charity. PM Office spokesperson Chai Watcharong said PM Srettha stressed to officials that charity is a good thing and everyone can do good according to their ability. To extend the…
- Politics News
Border Banter: Thai and Cambodian PMs tackle disputes and scams in talks
The discussion between Srettha Thavisin, the Prime Minister of Thailand, and his Cambodian counterpart, Hun Manet, will primarily revolve around the issues of Thai-Cambodia border disputes and call centre scams. The meeting is regarded as a significant move towards strengthening the bilateral ties between the two nations, as this is the Thai PM’s first visit to an Association of Southeast…
- Tourism News
Thailand anticipates Chinese tourism boost with visa-free scheme in 2024
The Tourism Authority of Thailand (TAT) indicated that the revival of charter flights and large Chinese tourism groups could occur by the first quarter of 2024. This projected resurgence comes despite the forthcoming implementation of a visa-free scheme set to kick off this month. A preparation phase will span the final quarter of 2023 with charter flights beginning to cater…
- Thailand News
Thai PM’s foreign policy balancing act between US and China under scrutiny
The Thai government is confronted with the challenge of sustaining a balanced foreign policy in the face of escalating tensions between the United States and China. Prime Minister Srettha Thavisin, fresh from his appointment, embarked on his maiden foreign journey to New York where he is presently participating in the 78 Session of the United Nations General Assembly (UNGA78) and…
- Thailand News
Thailand signals reopening for foreign investment at UNGA78, says PM Srettha
Srettha Thavisin, the Prime Minister of Thailand, declared his attendance at the 78th United Nations General Assembly (UNGA78) session in New York a triumph, as it signalled that Thailand is reopening its doors to foreign investment. PM Srettha, who also holds the position of finance minister, shared this positive outlook with the press following his address at the UNGA78 general…
- Thailand News
Thai Prime Minister Srettha rolls up changes: Strict revisions ahead for cannabis laws
The Prime Minister of Thailand announced plans to revise the nation’s cannabis law and put an end to the free use of cannabis. PM Srettha Thavisin emphasized that cannabis should be used only for medical purposes. As Thailand was the first country in Asia to remove cannabis from its list of illegal narcotics last year, Bloomberg interviewed Thai PM Srettha about…
- Thailand News
Thai government courts BlackRock for BGC investment
The Thai government recently initiated discussions with New York-based BlackRock Inc., the globe’s most prominent asset management firm, aiming to draw investments for Thailand’s Bio-Circular-Green (BCG) business sector. In a significant move, this conversation placed a spotlight on Thailand’s commitment to sustainable economic growth, aligning with global green trends. Chai Watcharong, the government spokesperson, disclosed that the dialogue between Prime…
- Business News
Elon Musk’s Thai-landed ambitions: High-voltage investment opportunities on the horizon
Business magnate Elon Musk is set to discuss potential investment opportunities in Thailand with the Thai delegation via a teleconference. This news was shared by Prime Minister Srettha Thavisin, who is currently attending the 78th Session of the United Nations General Assembly (UNGA78) in New York. The prime minister revealed that the Thai government is seeking to attract foreign investors and…
- Business News
Thailand reviews taxes and launches digital wallet to tackle income disparity
The Finance Ministry of Thailand is set to review the new land and building tax and the inheritance tax and launch the digital wallet following an order from Prime Minister Srettha Thavisin. The move aims to mitigate income disparity in the nation. PM Srettha, who also holds the Finance Minister post, gave the directive subsequent to the appointment of a new…
- Economy News
Thailand’s government proposes swift minimum wage increase to 400 baht
Prime Minister Srettha Thavisin announced that the government will be pushing for a swift increase in the minimum daily wage to 400 baht, in a bid to assist workers grappling with rising living costs. The decision will be reached through negotiations between the government, employers, and workers to agree upon a reasonable amount. The prime minister shared the plans during…
