Prime Minister Paetongtarn Shinawatra brushed aside criticism that her father, former Prime Minister Thaksin Shinawatra, is wielding control over her and the new government. On Friday, she spoke following her father’s appearance at the “Vision for Thailand 2024” event the previous day, which drew a mixed audience of politicians, diplomats, and investors. During the event, Thaksin floated several suggestions aimed at rejuvenating the country’s sluggish economy.
When queried whether Thaksin’s proposals mirror the new government’s policy direction, Ms. Paetongtarn clarified that they do not represent official government policies. She emphasized, “He was not declaring the government’s policy. He only expressed his vision. What he said was partly drawn from Pheu Thai’s policy.”
Addressing criticism that Thaksin might be pulling the strings behind her administration, the Prime Minister was forthright. “I insist he is not trying to dominate. I can think for myself,” she stated confidently. Despite his lack of formal governmental role, Ms. Paetongtarn acknowledged that Thaksin’s experience in economic matters could indeed be beneficial to the country’s financial health.
As for the new government’s policies, those would be formally announced in parliament, according to Ms. Paetongtarn. She indicated that her administration would pursue economic stimulus measures, drawing on her father’s extensive experience. A primary initiative under scrutiny is the Pheu Thai Party’s digital wallet handout policy. Although facing uncertainty following the Constitutional Court’s dismissal of Srettha Thavisin as Prime Minister, the scheme aims to distribute 10,000 baht to approximately 50 million eligible Thais.
A reputable source detailed that the project’s conditions would likely be revised to focus on registered vulnerable groups, utilizing a budget of 122 billion baht. The cash would be distributed via welfare cards, a method initiated during the Prayut government.
In a notable engagement on Friday, Ms. Paetongtarn met with various private sector representatives, including the Thai Chamber of Commerce, the Federation of Thai Industries, the Thai Bankers’ Association, and the Thai-Chinese Chamber of Commerce. They proposed several strategies to tackle the nation’s economic woes.
Prime Minister Paetongtarn underscored the importance of the private sector as a pivotal engine of economic progress, expressing her openness to their input. She assured that upon the formation of her cabinet, these suggestions would be rigorously analyzed and, where appropriate, implemented.
Sanan Angubolkul, chairman of the Thai Chamber of Commerce, presented an array of urgent economic stimulus measures. One major point was the need to restore confidence among both domestic and foreign investors through prompt and efficient budget decentralization. He argued that the 2024 budget should be allocated to all regions with utmost speed, and planning for the 2025 budget must be completed punctually.
Another notable proposal focused on amplifying the purchasing power of vulnerable groups, potentially through existing government platforms or direct cash handouts. For people with adequate purchasing power, Mr. Sanan suggested initiatives akin to the Khon La Krueng co-payment subsidy scheme from the previous administration. To stimulate spending among high-income individuals, tax incentives such as the Easy E-receipt campaign were recommended.
Additionally, Mr. Sanan emphasized the necessity for the new government to introduce measures to stabilize electricity and oil prices, maintain price caps for essential goods, and enhance the competitiveness of small and medium-sized enterprises. He called for a robust national strategy to ensure sustainable economic growth.
In sum, as Ms. Paetongtarn navigates her nascent term as Prime Minister, her father’s legacy inevitably intersects with her governance. Yet, she stands adamant in her independence and readiness to drive forward economic reforms, bolstered by both legacy wisdom and contemporary counsel.
It’s obvious she’s just a puppet for her father. Why can’t people see that?
Give her some credit! She’s educated and has her own ideas.
But it’s hard to ignore Thaksin’s influence. He’s a powerful figure in Thai politics.
Just because her father is giving advice doesn’t mean she’s a puppet.
I think Paetongtarn will do just fine. Her father’s experience could be a valuable asset.
But experience doesn’t always translate to good governance. Look at what’s happening to the policy direction!
No policy is perfect. But pairing experience with new perspectives could be beneficial.
Experience and corruption seem to go hand in hand in this case.
The focus on the private sector is commendable. It will spur growth.
Small business owners need more support, though. Big businesses always get the focus.
I agree. But don’t forget, a strong private sector can also create jobs for the smaller players.
Revamping the economy is crucial. Thaksin’s digital wallet program sounds promising.
Sure, but where’s the budget coming from? Handouts are quick fixes.
Sustainable growth should be the goal, not just short-term handouts.
I’m skeptical about the digital wallet scheme. It sounds like a vote-buying tactic.
A focus on the vulnerable groups is essential. We’ve forgotten them for too long.
You’re right, but targeting vulnerable groups shouldn’t exclude other citizens in need.
True, but starting with the most vulnerable is a step in the right direction.
There needs to be a balance. Policies that benefit both vulnerable groups and the broader population will be most successful.
How will Paetongtarn handle Thaksin’s controversial legacy?
By making her policies distinct and independent. That’s a lot easier said than done though.
Exactly. She needs to break free from his shadow to gain full credibility.
But completely ignoring her father’s legacy might alienate a notable supporter base.
I’m glad to see a woman in power, regardless of her father’s influence. It’s a significant step for gender equality.
Gender shouldn’t be a factor here. Competency is what matters most.
Of course, but representation also matters a lot. It’s about breaking barriers.
The economy needs more than just handouts. Where’s the long-term strategy?
Handouts can be part of a long-term strategy. You need short-term relief to buy time.
Yes, but handouts alone won’t solve structural issues. We need deep reforms.
Structural reforms are needed. But sometimes immediate financial aid is also necessary to prevent crises.
Her emphasis on efficient budget allocation sounds promising. About time we saw some real action.
Will Paetongtarn really bring change, or is it just more of the same?
Skepticism is valid. It’s too early to tell what her real impact will be.
Agreed, let’s see if her words translate into practical changes.
Why aren’t there more discussions on environmental issues within economic policies? Both are hugely interconnected.
Spot on. Ignoring the environment in economic planning is short-sighted and detrimental in the long run.
We need to push for this more. Sustainable economic growth hinges on environmental health.
Politicians and businesses often prioritize short-term gains over long-term sustainability. It’s a real challenge.
People need to give PM Paetongtarn a chance before jumping to conclusions about her competence.