New cabinet lineup in Royal Gazette but economic damage now extending into the property market

The Thai federal government is heavily constrained in its ability to manage this financial challenge driven by an extending range of adverse elements such as Covid 19 chaos worldwide, an enhancing baht, the beginning of a property market decline and currently, to cap all of it, the rising shade of not just a cool war between the United States and China however the hitherto impossible prospect of warm battle as armed forces tensions between the two powers both bordering Taiwan and in the South China Sea have actually escalated alarmingly since the Covid 19 dilemma began. At home, the range of the economic emergency in Thailand might see up to 8 million jobs lost this year according to the Chairman of the Thai Chamber of Business, Kalin Sarasin.

Joseph O’ Connor reports from Bangkok

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