The new government led by Paetongtarn Shinawatra is preparing to announce 10 urgent policies to the parliament on 12-13 September for an immediate implementation. These policies include restructuring the debt system, reducing energy prices, boosting the Thai economy, promoting tourism, and tackling drug addiction and call centers scam.
Policy 1: The government will push for debt restructuring, especially for housing and car loan groups, to assist debtors both within and outside the system.
Policy 2: The government will support and promote Thai business operators, especially SMEs, by protecting them from unfair competition with foreign traders.
Policy 3: The government will implement measures to reduce energy and public utility prices by adjusting energy pricing structures, along with accelerating the revision of related laws and regulations.
Policy 4: The government plans to generate new state revenue by formalizing the informal and underground economies, aiming for a value equivalent to over 50% of GDP. These funds will be allocated for education, public health, public utilities, basic living expenses, and modernizing relevant laws to align with current circumstances.
Policy 5: The government will stimulate the economy by boosting consumer confidence, easing financial burdens, and enhancing occupational opportunities, with a focus on vulnerable groups as well as promoting the Digital Wallet.
Policy 6: The government will modernize traditional agriculture by incorporating market-led approaches and innovative technologies, such as Precision Agriculture and Food Tech. This will enhance agricultural, fisheries, and related industries, ensuring food security, exploring new markets, and increasing the value of agricultural products to elevate farmers’ income.
Policy 7: The government will promote tourism by enhancing visa application processes for international participants in events such as Meetings, Incentives, Conferences, and Exhibitions (MICE) and digital nomads. This industry generated approximately 1.892 trillion baht in revenue in 2023, and the government aims to further develop new tourism destinations created by humans, entertainment complexes, and attract global events to Thailand.
Policy 8: The government will address drug addiction comprehensively, from production to distribution, through collaborations with neighboring countries to curb trafficking and consumption.
Policy 9: The government will combat crimes, including online and transnational crimes, to protect public interests by enhancing prevention and enforcement efforts, especially against call centers.
Policy 10: The government will enhance capabilities and provide social welfare that align with changing societal needs, emphasizing equal opportunities and economic development, particularly for vulnerable groups such as persons with disabilities, the elderly, ethnic minorities, and stateless individuals. This aims to ensure convenient access to state rights and welfare according to the law.
Following the guideline from Thailand’s new Prime Minister, Asia Plus Securities expected stocks with high contribution to Thailand in tourism such as AOT, ERW, and CENTEL should benefit from these new policies.
Meanwhile, Daol Securities (Thailand) stated that as the government is moving forward with the Entertainment Complex Project, GRAMMY should benefit from an investment for Concert Hall, while AOT, AAV, ERW and CENTEL should benefit from higher traffic in Thai tourism. Additionally, BA, BTS and STEC would also benefit from the project if the complex is located near U-Tapao International Airport.
