Thai parties in financial bidding war as election heats up

Author: APP

In the searing hot sun, Preeya Phunatung toils long hours on a rural Thai construction site to support her family of four. It is a struggle for Preeya to buy even staples such as rice, fish sauce and cooking oil because her $9-a-day income is not keeping pace with inflation. Thailand goes to the polls on May 14 with major parties promising to ease poverty as low-income households struggle for survival in the face of soaring prices and deep-seated inequality. But analysts warn that the populist policies being bandied about will do little to address structural problems that have left Thai economic growth lagging behind its Southeast Asian neighbours. “I live from hand to mouth,” Preeya told AFP at her small house in the eastern province of Sa Kaeo, where the number of people living below the poverty line jumped by almost 25 percent between 2020 and 2021, according to official data. “Life after the pandemic is very hard.” Thailand has nearly 30 billionaires, according to Forbes magazine, but it also has one of the highest rates of income inequality in East Asia and the Pacific.

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