Thailand PM faces household debt fueled by past ‘Thaksinomics’

Thailand PM faces household debt fueled by past 'Thaksinomics' Thailand PM faces household debt fueled by past 'Thaksinomics'

TOKYO — Two months into Paetongtarn Shinawatra’s tenure as Thai prime minister, the third Shinawatra in the role — following her father, Thaksin, and aunt, Yingluck — is just getting started on her task of reviving a stalled economy mired in household debt.

Last month saw the opening of One Bangkok, a 120 billion baht ($3.54 billion) commercial and residential complex developed by Thai Charoen Corp. Group that is among the largest redevelopment projects in Southeast Asia.