I am not envious of others, nor am I deeply pining for a relationship or a family. Yet, there are those unexpected moments when an inner voice questions the choices I've made.
Thai Prime Minister Paetongtarn Shinawatra is due to announce the debt revamp plans in Parliament on Sept 12. - Photo: Reuters
The government is concerned about household debt that’s at more than 16 trillion baht – equivalent to over 90 per cent of gross domestic product – and rising non-performing loans, Paetongtarn is set to say. The youngest daughter of influential former leader Thaksin Shinawatra was elected by Parliament in August after her predecessor Srettha Thavisin was dismissed by a court over an ethical violation.
“If there are no financial and fiscal measures that support economic expansion, the country’s economic growth rate is expected to be no more than 3 per cent per year,” which will push public debt close to the legal ceiling of 70 per cent of GDP in 2027, Paetongtarn will say. The policy statement underscores the need to accelerate economic stimulus but doesn’t spell out details of the controversial cash handout plan pursued by Srettha’s administration.
The strategy to help small and medium enterprises, which account for about 35 per cent of the Thai workforce and GDP, will include debt suspension, access to liquidity and steps to shield them from unfair foreign competition through online platforms, according to the policy blueprint.
New Thai PM Paetongtarn Prioritise Tackling US$476.6Bil Household Debt
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Paetongtarn Shinawatra: The new Thai PM with an old nameProduction sources told TMZ that much of the crew sides with Baldoni, especially after they say Lively, 36, hired her own editor for the film and commissioned husband Ryan Reynolds to do last-minute rewrites.
Read more »
New Thai PM Paetongtarn Shinawatra committed to improving livelihoods, will seek advice from fatherNearly 45 million travellers passed through its terminals in the first six months of 2024.
Read more »
Youngest Thai PM Paetongtarn Shinawatra and new Cabinet sworn inDespite the enigma that is Russia, Prime Minister Datuk Seri Anwar Ibrahim journeyed to Vladivostok last week with a clear purpose: advancing Malaysia’s interests by strengthening ties with Russia.
Read more »
Thailand's king swears in new government after turmoil; Paetongtarn now the youngest Thai PMThe exhibition is displaying handwritten texts, videos and photographs from the Russian art punk band's archives
Read more »
New Thai PM Paetongtarn pledges to continue economic reforms, boosting healthcareBANGKOK: Thailand will focus on stimulating the economy and improving healthcare to enhance the lives of its people over the next three years, said ne...
Read more »
New Thai PM Paetongtarn pledges to continue economic reforms, boost healthcareBANGKOK: Thailand will focus on stimulating the economy and improving healthcare to enhance the lives of its people over the next three years, said ne...
Read more »