Somkid touts achievement of last government 

By Somluck Srimalee

 

 

The government will continue to promote investment in the Eastern Economic Corridor for economic growth, said deputy prime minister Somkid Jatusripitak at a parliamentary debate on the new administration's policies on Thursday.

 

The Thai economy grew consistently during the past five years under the Prayut government, gaining the confidence of foreign investors who have applied for tax incentives totalling Bt800 billion so far this year, compared to an average of Bt200 billion in last five year, he said.

 

The previous government strived to boost Thai exports and domestic consumption, especially for lower income people through the welfare card scheme. 

 

From only two mass transits routes five years ago, the country will have seven lines in the near further. 

 

“Criticism of the previous government for not doing anything were totally unfair , “ he said.

 

Under the new policy, he said, the government will continue to drive EEC investment and develop the country’s infrastructure, as well as helping to boost the income of 30 million farmers through value-added agricultural products.

 

However, the current slowdown of the world economy has had a direct impact on the Thai economy, he said , adding that the country should focus on collaboration with other Asean nations and exports under free trade agreements.

 

Source: https://www.nationthailand.com/news/30373681

 

-- © Copyright The Nation Thailand 2019-07-26

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Somkid claims..... The previous government strived to boost Thai exports !!!!

Well they did not do a very good job, did they, as exports are down.

Lottery tickets still sell for 100thb!

55 minutes ago, webfact said:

“Criticism of the previous government for not doing anything were totally unfair , “ he said.

 

That's it. You tell 'em. Good boy.

 

Looks like the achievement is staying awake first????

He dropped the ball and couldn't conclude the EU-Thailand landmark free trade agreement while Vietnam did. So much for his touting that the government did their best for export. 

He looks half awake most of the time.  The economy is not good and hasn't been for a long time.  Exports are now down and tourists are still being harassed by immigration.  Strong Baht hurts exports and tourism.  What a buffoon. 

 

"The sage-ruler, they said, understands that governing a large kingdom is like “cooking a small fish.” How do you cook a small fish? As lightly as possible." Lao Tzu 2600BC.

Failed.

8 hours ago, webfact said:

From only two mass transits routes five years ago, the country will have seven lines in the near further. 

 

“Criticism of the previous government for not doing anything were totally unfair , “ he said.

Cue Steven to gloat at this farce, the sooner this idiot is out of politics the better.

9 hours ago, webfact said:

The previous government strived to boost Thai exports and domestic consumption

Yes, recognition is owed.

After the pro-mil tary protestors and the junta virtually shutdown the Thai economy in 2013 and 2014, it took only another four years by 2018 to get back to the pre-Prayut GDP growth rate to what it was in 2012! Then in 2018 and now in 2019 the GDP growth rate has begun contracting.

9 hours ago, webfact said:

From only two mass transits routes five years ago, the country will have seven lines in the near further. [sic]

And a much greater national debt. More recognition is owed.

9 hours ago, webfact said:

“Criticism of the previous government for not doing anything were totally unfair , “

That's right.

Being 90% responsible is not being "totally" responsible. Blame the rest on economic policies of foreign nations

Will they ever just quit the B.S. and tell it like it really is ?????

Somkid the Sleek has proven himself to be the ultimate economic loser. I predict he is about to be shafted. 

Luring back the foreign investors that the coup scared away by offering up huge tax breaks is hardly something to be bragging about.