{"id":59739,"date":"2025-09-12T15:18:13","date_gmt":"2025-09-12T15:18:13","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/59739\/"},"modified":"2025-09-12T15:18:13","modified_gmt":"2025-09-12T15:18:13","slug":"new-cabinet-faces-make-or-break-moment-for-thai-economy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/59739\/","title":{"rendered":"New Cabinet Faces &#8216;Make or Break&#8217; Moment for Thai Economy"},"content":{"rendered":"<p>\u00a0<\/p>\n<p>Thailand&#8217;s new cabinet must go beyond short-term economic fixes and focus on long-term structural reforms to truly revitalise the economy, according to <strong>Dr Somkiat Tangkitvanich<\/strong>, president of the <strong>Thailand Development Research Institute (TDRI)<\/strong>.<\/p>\n<p>\u00a0<\/p>\n<p>He warns that while quick stimulus measures might win public support, tackling deeper issues is crucial for the country&#8217;s future and will earn the government lasting credit.<\/p>\n<p>\u00a0<\/p>\n<p>One immediate and cost-effective task, he argues, is regulatory reform. Citing TDRI research, Dr Somkiat highlighted that liberalising key sectors, such as the electricity market, could create a huge economic multiplier effect.<\/p>\n<p>\u00a0<\/p>\n<p>Dr Somkiat proposed the creation of three new sub-committees, structured like a long-term version of the Joint Public and Private Sector Consultative Committee (JPPCC), to enhance Thailand&#8217;s competitiveness:<\/p>\n<p>\u00a0<\/p>\n<p><strong>Human Resources:<\/strong> A joint public-private effort to upskill the workforce and meet the private sector&#8217;s demand for high-skilled labour. He noted that a lack of skilled workers is a major barrier to foreign investment.<\/p>\n<p>\u00a0<\/p>\n<p><strong>Innovation:<\/strong> A new focus on innovation to help Thailand compete against lower-cost goods, such as those from China.<\/p>\n<p>\u00a0<\/p>\n<p><strong>Regulation: <\/strong>A dedicated committee to streamline and remove bureaucratic red tape that hinders business.<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0 Thailand&#8217;s new cabinet must go beyond short-term economic fixes and focus on long-term structural reforms to truly&hellip;\n","protected":false},"author":2,"featured_media":59740,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,21722,179,18,19,17,18789,11835,391,42874],"class_list":{"0":"post-59739","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-cabinet","10":"tag-economy","11":"tag-eire","12":"tag-ie","13":"tag-ireland","14":"tag-tdri","15":"tag-thai-economy","16":"tag-thailand","17":"tag-thailand-development-research-institute"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/59739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=59739"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/59739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/59740"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=59739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=59739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=59739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}