Thailand PM faces household debt fueled by past 'Thaksinomics'

Programs under Paetongtarn Shinawatra's aunt encouraged excessive borrowing

20241104N Thai shopping

The 120 billion baht One Bangkok commercial complex opened in October to major economic headwinds. (Photo by Yuki Kohara)

TORU TAKAHASHI, Nikkei senior staff writer

TOKYO -- Two months into Paetongtarn Shinawatra's tenure as Thai prime minister, the third Shinawatra in the role -- following her father, Thaksin, and aunt, Yingluck -- is just getting started on her task of reviving a stalled economy mired in household debt.

Last month saw the opening of One Bangkok, a 120 billion baht ($3.54 billion) commercial and residential complex developed by Thai Charoen Corp. Group that is among the largest redevelopment projects in Southeast Asia.

Sponsored Content

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