Finance, BOT to coordinate monitoring as economy threatens to stall: Somkid

[snoop1130]

Finance, BOT to coordinate monitoring as economy threatens to stall: Somkid

By The Nation

 

Somkid

 

Somkid Jatusripitak, a deputy prime minister, has revealed a future plan to establish a committee coordinated between the Finance ministry and Bank of Thailand (BoT) to monitor economic condition.

 

He said that Finance Minister Uttama Savanayana had recently reported a successful discussion with BoT about the co-monitoring plans.

 

The major members of the committee will include the Finance minister as the chairman of the committee, the Finance secretary, the governor of The Bank of Thailand, the secretary general of the office of the Securities and Exchange Commission, and the secretary general the office of the National Economic and Social Development Council.

 

“It is an ideal plan for these people, who are almost of the same age and have the same vision, to work together and discuss current financial problems,” said Somkid. “Their teamwork will find a solution and prepare for the difficult situation [coming] in the near future ”

 

On August 6, the government discussed the unstable global economic situations that has arisen due to three trends – the US-China trade war, pro-democracy protests in Hong Kong, and a weakening of the Yuan currency.

 

As the Dow jones index has decreased during the China-Us trade war, Thailand is closely monitoring it as China holds many US bonds.

 

“I have directed every agency that is related to the situation, such as the Finance ministry, to hold discussions with financial institutions, the Bank of Thailand, and the Stock Exchange of Thailand to ensure better economic management,” Somkid said.

 

Source: https://www.nationthailand.com/business/30374566

 

-- © Copyright The Nation Thailand 2019-08-09

Follow Thaivisa on LINE for breaking Thailand news and visa info

[NCC1701A]

22 minutes ago, snoop1130 said:

BOT to coordinate monitoring as economy threatens to stall

"Terrain! Pull up! Pull up!" Whoop! Whoop!

 

Edited August 9, 2019 by NCC1701A

[NCC1701A]

15 minutes ago, snoop1130 said:

As the Dow jones index has decreased during the China-Us trade war,

you talking about DOW 27,000?

 

15 minutes ago, snoop1130 said:

Thailand is closely monitoring it as China holds many US bonds.

monitor away Thailand. Sort of like a flea holding on to a huge dog.  

 

meanwhile in other news:

"Kid with a pot on his head instead of a helmet amuses Thailand"

 

Edited August 9, 2019 by NCC1701A

[NCC1701A]

deleted

Edited August 9, 2019 by NCC1701A

[mok199]

IN BOT WE TRUST

[Topdoc]

34 minutes ago, snoop1130 said:

the unstable global economic situations that has arisen due to

.......the unprecedented collapse in interest rates, many now well into negative territory, pulling down ALL YIELDS and the global economy into a black hole. 

[Eric Loh]

No Prayut in the committee! Sacrilege to the multi talented genius. 

[Cadbury]

1 hour ago, snoop1130 said:

Somkid Jatusripitak, a deputy prime minister, has revealed a future plan to establish a committee

A committee is the ultimate solution to everything in Thailand.

You can bet even Prayut formed a committee to orchestrate the coup in 2014.

Hopeless lot of spineless individuals, all frightened to make a decision by themselves.

[moontang]

threatening to stall?  I certainly wouldnt trust his brand of Koolaid.

[Isaan sailor]

I will suggest BoT and the Finance Committee hold a meeting at an oceanside resort in Pattaya. Plenty of rooms available.  They can watch the sunset on Thailand—tourism, exports and agri-business. 

Edited August 10, 2019 by Isaan sailor

[timendres]

On 8/9/2019 at 7:20 PM, snoop1130 said:

“Their teamwork will find a solution and prepare for the difficult situation [coming]

in the near future ”

Wow. Either he has a crystal ball, or they see numbers that are scaring the CR@P out of them.

[ThomasThBKK]

8 minutes ago, timendres said:

Wow. Either he has a crystal ball, or they see numbers that are scaring the CR@P out of them.

Why would they need a crystal ball when they have fortune tellers everywhere in thailand. 

[Reigntax]

2 hours ago, ThomasThBKK said:

Why would they need a crystal ball when they have fortune tellers everywhere in thailand. 

And why would they need fortune tellers when lucky amulets work better!

 

And why need lucky amulets when the lottery numbers keep appearing. Sometimes under dead people.

[Oziex1]

I think the answer is, throw a party for tourists.

Throw in 50,000 tones of Mango sticky rice desert.that should do it.