Thai PM Hosts Tycoons for Crisis Talks Amid Economic Slowdown

Thai Prime Minister Anutin Charnvirakul is convening a rare meeting with the country's top business leaders, including billionaires and industry titans from agribusiness, electronics, banking, and automotive sectors. The discussion aims to address a wave of economic crises triggered by the Middle East conflict, which has led to global energy shocks, rising inflation, and weakened local businesses. Key attendees include Sarath Ratanavadi of Gulf Development Pcl, Dhanin Chearavanont of Charoen Pokphand Group, and representatives from the Central Group. The government seeks to incorporate their feedback on urgent tasks, regulatory reforms, and long-term growth strategies into its policy response. This gathering marks the first such event since Anutin's election victory in February, occurring amidst political stability but significant economic headwinds. The Bank of Thailand projects growth will slow to 1.5% this year, while inflation remains above target. To combat these challenges, Anutin has proposed a 400 billion baht borrowing plan focused on reducing living costs and supporting energy transition, despite opposition legal challenges. The meeting underscores efforts to bolster business confidence and accelerate economic momentum against a backdrop of weak global demand and trade uncertainty.