Thailand's political landscape entered a new chapter this week as Prime Minister Srettha Thavisin's cabinet took office, marking the country's third government formation in two years. The swearing-in ceremony at Bangkok's Government House signals fresh attempts to stabilize Southeast Asia's second-largest economy after prolonged post-election negotiations.
The Pheu Thai Party-led coalition faces immediate challenges, including addressing rising household debt and implementing its flagship 560 billion baht ($15.8 billion) digital wallet stimulus program. Political analyst Chonlanan Srikaew notes: 'This government inherits both economic urgency and deep societal divisions. Their ability to balance reformist demands with establishment interests will determine its longevity.'
Meanwhile, regional observers are watching how the administration navigates Thailand's foreign policy amid evolving ASEAN dynamics. The cabinet's first agenda includes energy price controls and tourism recovery measures ahead of peak travel season.
In other developments across Asia this week:
Vietnam accelerates semiconductor workforce training initiatives
Malaysia reports record renewable energy investments
Philippines prepares for major infrastructure bond issuance
