Mr. Vinit Visessuvanapoom, Director General of the Fiscal Policy Office and spokesperson of the Ministry of Finance, revealed that a meeting of the Joint Public and Private Sector Committee for Economic Problem Solving (JPPCC), chaired by Prime Minister Anutin Charnvirakul and co-chaired by Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas, will be held at Government House on June 22, 2026.
At this meeting, the Ministry of Finance will present its economic action plan, following previous consultations with the private sector. Mr. Ekniti stated that this inaugural meeting of the JPPCC will feature the Office of the National Economic and Social Development Council (NESDC) serving as the committee’s secretariat, while the Fiscal Policy Office (FPO) will act as assistant secretary.
This session will introduce a new approach by establishing clear objectives, derived from private sector feedback, and will focus on advancing the country’s long-term infrastructure development. The agenda includes topics such as energy infrastructure, education, and the opening of new markets, with a particular emphasis on regulatory reform to remove barriers to investment.
This initiative represents a new phase of structural reform aimed at addressing the nation’s underlying weaknesses, concerns that have been reflected in reports by rating agencies such as S&P, Moody’s, and IMD. The current administration’s approach closely aligns with these recommendations.
The JPPCC has also invited the Federation of Thai SMEs to participate, aiming to ensure that small and medium-sized enterprises (SMEs) are adequately represented. The Thai government is determined that the country’s development goals should not only promote growth stories but also ensure that economic progress reaches smaller businesses and benefits Thai people broadly.
Discussions at the JPPCC are expected to focus on improving access to financing and boosting the productivity of SMEs. The government’s Competitiveness Enhancement Fund, managed by the Board of Investment (BOI), provides grants to assist SMEs in restructuring, adopting modern machinery, and transitioning to more efficient energy systems.
The BOI is also formulating a strategy to channel more foreign direct investment to SMEs, to promote inclusive economic growth. Furthermore, the government is prioritizing reforms to support the use of local components and products, with the Comptroller General’s Department giving preferential treatment to goods made in Thailand.
Mr. Ekniti added that the JPPCC meeting represents the first step in a collaborative effort between the public and private sectors to define current national challenges. This will lead to the development of ‘Quick Big Win’ projects, with clear goals—requiring measurable progress within six months and tangible outcomes within a year.
Separately, the Finance Minister announced that on June 23, the government will launch the ‘Thailand Fast Pass’ initiative, modeled on the BOI Fast Pass, to expedite approval processes for investment projects. The central feature of this program is the removal of bureaucratic hurdles to accelerate investment approvals.
The government is committed to fully expanding this policy as it reduces regulatory burdens without requiring additional fiscal expenditure, thereby fostering real investment in the country. Confidence in investing in Thailand has improved in line with these efforts, which have contributed to more positive assessments of the nation’s investment potential by international credit rating agencies.
Dr. Soraphol Tulayasathien, Senior Executive Vice President and Chief Strategy & Finance Officer at the Stock Exchange of Thailand (SET), noted that the Thai stock market is currently viewed as a relatively safe haven within ASEAN by foreign investors. Net inflows from foreign investors have surpassed THB 27.8 billion, contrary to trends in neighboring markets, which have seen net outflows.
Supporting factors for investment in Thailand include the country’s robust foreign reserves, standing at $287.4 billion (approximately THB 9.36 trillion) as of May 2026, the second largest in Southeast Asia after Singapore. S&P has maintained Thailand’s sovereign credit rating at BBB+ with a stable outlook, and projects GDP growth of 2%. This outlook follows similar actions by Moody’s and is seen as a positive sentiment booster for investor confidence, particularly among foreign investors.
While Thailand’s projected GDP growth of 2% for this year is moderate, it is seen as resilient given the challenges posed by global energy market volatility. S&P forecasts that the Thai economy will begin to recover from 2027, with an average growth rate of 2.3% over the 2026-2029 period.
Krungsri Securities (KSS) remarked that the S&P decision to confirm Thailand’s credit rating is a positive factor for the Thai capital market, supporting foreign investor sentiment. This is expected to particularly benefit large-cap stocks, especially prominent banks such as Kasikornbank (KBANK) and Krung Thai Bank (KTB). In the energy sector, PTT and Gulf Development (GULF) are recommended, while in telecommunications, the preferred stock is Advanced Info Service (ADVANC), and in transportation, Airports of Thailand (AOT).
The retention of the credit rating also reflects a positive outlook for the Thai economy, particularly with regard to government policies supporting investment in new target industries (New S-Curve) and the country’s fiscal resilience—critical factors in maintaining investor confidence globally. Furthermore, S&P’s decision is expected to have a positive effect on the market and may serve as a catalyst for increased foreign fund flows into Thai equities.
Asia Plus Securities (ASPS) observed that the rating affirmation by S&P is in line with Moody’s Baa1 rating, with S&P projecting 2% GDP growth for 2026 due to strong external sectors such as the current account and international reserves, alongside consistent government policy. ASPS expects that renewed investment inflows will target laggard stocks with specific positive catalysts, recommending PTT Exploration and Production (PTTEP), supported by renewed Russia-Ukraine tensions; i-Tail Corporation (ITC), benefiting from easing import tax pressures; and Charoen Pokphand Foods (CPF), which is supported by improving pork prices.
