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Thai PM Anutin Sends 35-Member Cabinet for Royal Approval as Energy Shock Threatens Growth

Markets look for a clear plan to cushion the energy shock now pressuring growth.

Overview

  • Anutin said a 35-member Cabinet list was ready for royal endorsement Monday after agencies finished background checks on nominees.
  • He plans to deliver a policy statement to Parliament once ministers are sworn in before King Maha Vajiralongkorn, with local media pointing to April 7.
  • The policy outline is expected to include economic stimulus, debt management, and measures to lift competitiveness and inclusive growth.
  • A conflict in the Middle East has tightened energy supply and pushed up fuel prices in Thailand, which has triggered criticism over shortages and delays in supply chains.
  • Earlier in March he won a new parliamentary vote to remain prime minister and now heads a 16-party bloc with about 292 lawmakers, which has lifted hopes for steadier politics among investors.