Will fixing Thailand's economy help salvage Pheu Thai's image? Possible, say analysts, but it won't be easy
Srettha's rapid ascent to power, Thaksin's smooth return and a coalition between Pheu Thai and former rivals fuelled speculation about an agreement between Thaksin and his foes among the country's powerful conservative and royalist army. Thaksin and the Pheu Thai party say that is not the case. The Pheu Thai will control key economic ministries, which will be crucial in implementing its policies, including a 10,000 baht handout in the form of digital currency.
Its largest coalition partner, Bhumjaithai, best known for advocating the use of medical cannabis, will oversee the education, interior and labour ministries.Srettha and his Cabinet of 33 ministers will swear an oath before an audience with the king, then deliver a policy statement at parliament before they start work this month.
Srettha had said the first Cabinet meeting would tackle the cost of living problems by reducing electricity and gas prices and relaxing visa entry rules for Chinese arrivals to boost tourism.