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Thai Business Leaders Applaud Government's Initial 90-Day Economic Achievements
Prime Minister Paetongtarn Shinawatra's administration praised for tourism revival and investment incentives, but urged to outline upcoming economic strategies.
In a promising start, Thailand's business community has expressed satisfaction with the current government's accomplishments within the first 90 days since Prime Minister Paetongtarn Shinawatra assumed office.
However, they also emphasize the urgent need for clear economic stimulation strategies for the coming year, particularly in provinces with significant growth potential.
During the '2025 Empowering Thais: A Real Possibility' event held on Thursday in Bangkok, Prime Minister Shinawatra spotlighted her administration's key achievements.
The event provided a platform to discuss ongoing initiatives and showcase the government's immediate impact on Thailand's economy.
Sanan Angubolkul, Chairman of the Thai Chamber of Commerce (TCC), commended the government for tangible progress in the tourism sector and the promotion of Thailand's 'soft power.' Reflecting on the past three months, Angubolkul highlighted the success of measures aimed at revitalizing tourism, a critical contributor to the nation’s GDP. Integrated efforts including the cancellation of visa requirements for several countries, along with streamlined procedures at airports like Suvarnabhumi, have notably elevated tourism efficiency and service quality.
The TCC chairman remarked on the impressive influx of over 32 million foreign tourists to Thailand, underscoring the potential to increase this number to 40 million with enhanced planning and intensified promotion of Thailand's vibrant cultural offerings, world-renowned cuisine, and large-scale events and festivals.
Additionally, the government’s decisive push to attract foreign investment has been met with approval.
Initiatives focused on nurturing emerging industries—such as data centers, cloud services, electric vehicle manufacturing, and semiconductors—have gained traction, laying a promising groundwork for Thailand’s industrial future.
While the positive reception by the business sector signals confidence in the government's direction, business leaders are calling for a strategic roadmap to sustain momentum.
Clearer economic plans for 2024 will be essential to maintain growth trajectories and capitalize on the current economic advancements.
However, they also emphasize the urgent need for clear economic stimulation strategies for the coming year, particularly in provinces with significant growth potential.
During the '2025 Empowering Thais: A Real Possibility' event held on Thursday in Bangkok, Prime Minister Shinawatra spotlighted her administration's key achievements.
The event provided a platform to discuss ongoing initiatives and showcase the government's immediate impact on Thailand's economy.
Sanan Angubolkul, Chairman of the Thai Chamber of Commerce (TCC), commended the government for tangible progress in the tourism sector and the promotion of Thailand's 'soft power.' Reflecting on the past three months, Angubolkul highlighted the success of measures aimed at revitalizing tourism, a critical contributor to the nation’s GDP. Integrated efforts including the cancellation of visa requirements for several countries, along with streamlined procedures at airports like Suvarnabhumi, have notably elevated tourism efficiency and service quality.
The TCC chairman remarked on the impressive influx of over 32 million foreign tourists to Thailand, underscoring the potential to increase this number to 40 million with enhanced planning and intensified promotion of Thailand's vibrant cultural offerings, world-renowned cuisine, and large-scale events and festivals.
Additionally, the government’s decisive push to attract foreign investment has been met with approval.
Initiatives focused on nurturing emerging industries—such as data centers, cloud services, electric vehicle manufacturing, and semiconductors—have gained traction, laying a promising groundwork for Thailand’s industrial future.
While the positive reception by the business sector signals confidence in the government's direction, business leaders are calling for a strategic roadmap to sustain momentum.
Clearer economic plans for 2024 will be essential to maintain growth trajectories and capitalize on the current economic advancements.
