Thailand’s junta is taking a page out of Thaksin Shinawatra’s policy playbook, adopting some of the populist measures that drove his political success in a move that may help stabilize growth for the remainder of 2014.
Thailand’s junta met the head of the central bank, the stock exchange and other economic officials to discuss measures to safeguard growth in Southeast Asia’s second- biggest economy three days after a military coup.
Thailand’s junta lifted an overnight curfew in Bangkok after earlier easing restrictions in the country’s main tourist cities, as the army chief who seized power May 22 seeks to draw back travelers and investors.
Thailand’s baht rose, erasing its losses since a May 22 coup, as an end to seven months of street protests and a planned pickup in government spending help attract overseas funds to the nation’s assets.
Thailand’s army chief said the country’s six-month political deadlock must be solved through legal means as supporters and opponents of the government held competing rallies in Bangkok, raising the risk of fresh clashes.