Srettha lines up bonanza of cheaper fuel and train fares for Thais

Thailand outgoing Prime Minister and former army chief Prayuth Chan-ocha the architect of a 2014 coup leaves after his last day in office after nine years at Government House in Bangkok, Thailand, on August 31, 2023. - Reuters

BANGKOK (Bloomberg): Thailand’s new government plans to cut energy prices and city-train fares and temporarily suspend debt repayment by farmers as part of a raft of measures to ease the cost of living and spur investment in South-East Asia’s second-largest economy.

Srettha Thavisin’s yet-to-be unveiled cabinet will order a cut in electricity and diesel prices at its first meeting, the new prime minister said this week.