Foreign investment must be a priority

In addition to short-term stimulus measures to revitalise a subdued economy, the new government should prioritise long-term structural and growth-oriented strategies to lift Thailand's competitiveness, particularly compared with neighbouring countries, says the Thai unit of crypto exchange giant Binance.

- NAREERAT WIRIYAPONG

In the short term, targeted stimulus schemes such as the “Khon La Khrueng” co-payment programme should be launched to drive growth, said Nirun Fuwattananukul, chief executive of Binance TH by Gulf Binance.

“While limited in duration, programmes like Khon La Khrueng play an important role in supporting consumption as economic momentum slows,” he told the Bangkok Post.

“Well-designed, targeted stimulus can help stabilise sentiment and support small and medium-sized enterprises that are still recovering.”

In the long term, the government's priority should be increasing Thailand's foreign direct investment (FDI) competitiveness, said Mr Nirun.