Thailand's New PM Vows Swift Action to Revive Ailing Economy

Thailand's new Prime Minister, Srettha Thavisin, has pledged to address the country's economic woes, including high public and household debt, rising energy costs, and the struggling tourism industry. He plans to implement a 10,000-baht ($280) handout for all Thais 16 and older to stimulate short-term spending. Long-term goals include boosting international trade, supporting start-up businesses, improving infrastructure, and amending the military-installed constitution. The government's coalition, formed after the May elections, has raised skepticism about its ability to fulfill campaign promises while accommodating allies from different political backgrounds. Reforms to the military, including ending mandatory conscription and reducing the number of generals, will be pursued through "co-development" with the military.