South East Asia (SEA)

In a heartwarming display of generosity and commitment to improving the lives of the Thai people, Prime Minister Srettha Thavisin has announced his decision to donate his entire monthly salary and allowances to various charitable foundations throughout Thailand . This remarkable gesture includes contributions to organizations such as the Foundation for Children, underlining the Prime Minister's dedication to supporting those in need. Chai Wacharonke, the government spokesman, conveyed this noble endeavor in a statement, emphasizing that Prime Minister Srettha Thavisin's primary aim is to make a positive impact on the lives of his fellow citizens. This act of philanthropy coincides with the Thai government 's broader efforts to create opportunities for the populace and enhance the quality of children's education. Prime Minister Srettha Thavisin currently receives a monthly income of approximately 125,590 baht, encompassing his roles as both the prime minister and financ...

In a historic ceremony held at the Dusit Palace in Bangkok on September 5, 2023, Thai King Maha Vajiralongkorn administered the oath of office to Prime Minister Srettha Thavisin and his cabinet members. This momentous event marked the beginning of a new chapter in Thai politics after weeks of political negotiations and controversies surrounding the formation of a coalition government . Prime Minister Srettha Thavisin, representing the Pheu Thai party , took the helm of a diverse coalition comprising 11 parties. His appointment as prime minister was formalized by Parliament on August 22. Notably, the coalition was orchestrated by the Move Forward party, which emerged as the leading party in the May elections. In a customary gesture of allegiance to the monarchy, Prime Minister Srettha and his 33 cabinet members pledged their unwavering loyalty during the swearing-in ceremony. This tradition underscores the deep-rooted ties between Thai politics and the monarchy. Srettha Thavisin, a 61...

Thailand , a nation grappling with economic challenges exacerbated by sluggish exports and investments, has witnessed a pivotal moment in its political history. Srettha Thavisin , the newly appointed Prime Minister and real estate magnate, has assumed the role of Finance Minister in a bid to rejuvenate the country's economy. This decision, endorsed by King Maha Vajiralongkorn, signifies a significant turning point for Thailand's political landscape. The country's economic woes have loomed large, with the central bank even contemplating revising its original growth prediction of 3.6 percent for the year. Following a period of political unrest post the May election, Srettha faces the formidable task of restoring Thailand's second-largest economy. Srettha's Pheu Thai party , backed by the influential Shinawatra family, holds key positions in the new Cabinet, as announced through a royal gazette. Ministries responsible for defense, transportation, trade, health, and for...

Thailand's freshly appointed Prime Minister, Srettha Thavisin , finds himself tasked with the formidable mission of fulfilling his campaign commitments to rejuvenate the economy, bolster small businesses, elevate household incomes, and address inequalities. Emerging from a period of political uncertainty following a general election, Srettha, a real estate magnate, has garnered parliamentary backing to lead an unexpected coalition government . For the new leader, Thailand's economic landscape presents immediate hurdles. The nation reported a growth rate of just 1.8% during the April-June quarter, significantly below economists' projections of 3.1%. Weaker exports due to China's economic slowdown and reduced tourism spending have been cited as contributing factors by the central bank chief. Additionally, elevated household debt and increasing interest rates have put a damper on domestic consumption. Despite the formation of a new government , Thailand's market has ex...

Three months into his term, Prime Minister Srettha Thavisin faces the daunting task of revitalizing Thailand's COVID-battered economy. Despite a 4.5% growth rebound in Q1 2023, the country lags behind recovery expectations. Thailand's central bank chief, Sethaput Suthiwartnarueput, revealed a below-par 3.1% expansion, citing weak exports due to China's slowdown and soft tourism spending. The latter is crucial as Thailand's economy heavily relies on tourism, which is inching back but remains below pre-pandemic levels. The economic slowdown in China, Thailand's largest trading partner, has added to the challenge. Analysts emphasize the government's role in restoring market confidence. The PM's promises, including economic fixes and transparent budget management, aim to instill hope. Srettha's commitment comes after campaigning on a platform of 5% annual economic growth, increased wages, farmer income, and cost reductions. The nation now watches as the ne...

In a surprising twist, Thailand witnesses a departure from the party that won the popular vote as an unexpected prime ministerial choice takes center stage. After intricate negotiations, an 11-party coalition has unified to select Srettha Thavisin from the Pheu Thai party as the nation's leader. This decision concludes a tumultuous process, sidelining the reformist Move Forward party despite their electoral triumph. 60-year-old Srettha Thavisin, a newcomer to politics but a seasoned real estate magnate, now assumes the role of Thailand's Prime Minister. Backed by over 400 legislators, his primary focus lies in reinvigorating the country's sluggish economy. In a media address, Thavisin acknowledges the need to move beyond his party's prior non-cooperation stance with military leaders, attributing the prolonged political deadlock as a catalyst for this shift. While the recent election seemingly rejected the entrenched military establishment, the newly-formed coalition...

Srettha Thavisin Expresses Willingness to Become Prime Minister of Thailand The Pheu Thai Party, the third incarnation of a renowned Thai political entity, recently marked its presence on the political stage by nominating three prime ministerial candidates for the highly anticipated May election. Among them is Srettha Thavisin, a prominent politician who has expressed his eagerness to assume the role of Prime Minister of Thailand , contingent upon winning the trust and support of his party. Thavisin's announcement showcases the Pheu Thai Party's strategic approach in selecting strong and competent leaders to represent their vision for the nation. With extensive discussions spanning four months, the party has meticulously assessed its candidates, ensuring they possess the necessary skills and expertise to address the country's multifaceted challenges. During the May election, the Move Forward Party emerged as the party securing the most seats. However, the Pheu Thai Party ...