The Thai King has officially endorsed Prime Minister Paetongtarn Shinawatra’s cabinet to administer the kingdom’s matter, according to the announcement released from the Royal Gazette.
Paetongtarn Shinawatra was officially appointed on August 16, 2024, as Thailand’s 31st Prime Minister.
On September 4, 2024, His Majesty King Maha Vajiralongkorn endorsed her cabinet lineup to see through domestic and overseas business. The list was compiled with similar faces such as Deputy Prime Minister Phumtham Wechayachai, Suriya Juangroongruangkit, Pirapan Salirathavibhaga, Pichai Chunhavajira and Anutin Charnvirakul.
Investors in the Thai market are eagerly anticipating the policy statement set for September 16 with some speculation that the announcement could be as early as next week since the endorsement was also earlier than anticipated. The market sentiment remains hopeful that the new government’s policies will boost confidence, potentially leading to a market upsurge, given investors’ preference for stability over uncertainties.
