{"id":11973,"date":"2025-09-12T15:24:13","date_gmt":"2025-09-12T15:24:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/11973\/"},"modified":"2025-09-12T15:24:13","modified_gmt":"2025-09-12T15:24:13","slug":"new-cabinet-faces-make-or-break-moment-for-thai-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/11973\/","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 Dr Somkiat Tangkitvanich, president of the Thailand Development Research Institute (TDRI).<\/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>Human Resources: 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>Innovation: 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>Regulation: 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":11974,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,12713,184,85,46,12714,12716,1348,12715],"class_list":["post-11973","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-cabinet","tag-economy","tag-il","tag-israel","tag-tdri","tag-thai-economy","tag-thailand","tag-thailand-development-research-institute"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/11973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=11973"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/11973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/11974"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=11973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=11973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=11973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}