New Thai Government Reveals First Economic Measures to Boost Growth

The news flash from the first cabinet meeting led by the new PM and Minister of Finance of Thailand, Mr. Srettha Thavisin has announced the crucial approved measures on the most practical promised policies as follows.


Economic policies

Cut electricity price from THB 4.45 to 4.1 per Kilowatt per hour, starting from this September billing.

Cut retail diesel price below THB 30 per liters, starting from this 20 September.

Moratorium or debt suspension for farmers and small businesses last for three years.


Foreign-related policies

Temporary free-VISA for Chinese and Kazakhstan tourists, starting from 25 September to 29 February 2024.

Set up the “Soft Power” national strategic committee.


Governmental policies

Appoint a guideline study committee to hold an amending referendum on the 2017 constitution.

Switching the civil service salary payment from monthly to semi-monthly, starting in January next year.


However, there’s still no sign or any resolution for the infamous THB 10,000 digital wallet policy yet as the policy is widely expected to be a huge driver for the Thai economy.