Thaksin Shinawatra Advocates Massive Handout to Revitalize Economy

Thaksin Shinawatra announced that his party's 500 billion baht stimulus plan is essential for boosting Thailand's sluggish economy. His daughter, Paetongtarn Shinawatra, recently elected as the second female prime minister, will help implement these policies following the dismissal of former PM Srettha Thavisin.

Thaksin Shinawatra, a dominant figure in Thai politics, emphasized on Thursday that his party's proposed 500 billion baht ($14.53 billion) handout is crucial for reviving a struggling economy. The announcement signals a commitment to this economic strategy by the incoming government.

In a groundbreaking political move, Thaksin's daughter, Paetongtarn Shinawatra, was elected by parliament on Friday as Thailand's second female prime minister, succeeding Srettha Thavisin, who was dismissed following a court ruling.

"It's about stimulating the economy," Thaksin stated at a Bangkok event, reiterating the urgency of the plan. (At the current exchange rate, $1 = 34.4200 baht)

(With inputs from agencies.)