20231128 AI Thailand img

Thai Prime Minister Srettha Thavisin says that the country faces an economic crisis, and that the antidote is for citizens to "take pride in spending." © Nikkei montage/Source photos by Reuters

Thailand PM Srettha faces hard sell in e-wallet plan to stoke economy

'Salesman' turns to domestic woes after foreign focus in first 100 days

BANGKOK -- When Prime Minister Srettha Thavisin took the stage on Nov. 10 to announce the long-awaited details of his party's flagship policy -- a 10,000 baht ($280) handout of digital money -- he asked citizens to shop for the sake of the country.

"I encourage everyone who qualifies for the scheme to take pride in spending, as each of you is joining in the effort to boost economic growth and achieve economic stability for our country," Srettha said in the televised address, arguing that a national effort to spend was the only way to fix an urgent economic crisis a decade in the making.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.