webfact Posted August 11, 2019 Share Posted August 11, 2019 Premier concerned over economic fundamentals, proposes economic measures BANGKOK (NNT) - Government spokesperson Prof Narumon Pinyosinwat said the government has focused on the fundamentals of the economy, a major element of national security, and has set an appropriate national strategy. Prime Minister/Defense Minister Gen Prayut Chan-o-cha is quoted as saying the government will help those who may earn no more than 5,344 baht per month, who account for 26.9 million people or 40% of the population. Most are in the agricultural sector. The Ministry of Commerce is pushing for the implementation of economic policies, while Deputy Commerce Minister Veerasak Wangsupakitkosol has consulted with directors general and executive officials from various departments for action plans in line with the economic policies. The Ministry of Commerce has instructed the Department of Business Development to take four measures, via electronic systems, to provide convenience for the business sector and the people, develop local retail stores and strengthen the local economy. The department is promoting the OTOP manufacturing sector and expand franchised businesses. The SUPPORT Arts and Crafts International Center of Thailand, National Gem and Jewelry Research and Development Institute and International Institute of Trade and Development have applied technology for enhancing business efficiency and promoting trade opportunities and competitiveness. The government is creating understanding with farmers and people under the policy of leaving nobody behind. -- © Copyright NNT 2019-08-12 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
Popular Post smedly Posted August 11, 2019 Popular Post Share Posted August 11, 2019 just use "Article 44" and order an economic recovery and weakening of the baht easy when you wield supreme power and control over everything - right ? 1 2 2 Link to comment Share on other sites More sharing options...
gunderhill Posted August 11, 2019 Share Posted August 11, 2019 1 hour ago, webfact said: 26.9 million people or 40% of the population bs Link to comment Share on other sites More sharing options...
Popular Post Cadbury Posted August 11, 2019 Popular Post Share Posted August 11, 2019 Just another rambling and incoherent collection of platitudinous words from a bunch of useless fat cats. Sadly for the people they lack the ability to turn their words and promises into action. 13 1 Link to comment Share on other sites More sharing options...
Popular Post PatOngo Posted August 11, 2019 Popular Post Share Posted August 11, 2019 2 hours ago, webfact said: Prime Minister/Defense Minister Gen Prayut Chan-o-cha is quoted as saying the government will help those who may earn no more than 5,344 baht per month, who account for 26.9 million people or 40% of the population. I'd say it will take a while for them to save for a Richard Mille or a Rolex Daytona watch! But hey, they have new submarines and APC's to look forward to! The proposed new fleet of planes for Thai Airways will certainly stimulate the rural sector, well done P! 4 1 8 Link to comment Share on other sites More sharing options...
Popular Post soalbundy Posted August 11, 2019 Popular Post Share Posted August 11, 2019 As long as he is concerned, it's the thought that counts. 5 3 Link to comment Share on other sites More sharing options...
Popular Post Oziex1 Posted August 11, 2019 Popular Post Share Posted August 11, 2019 "Creating understanding with the farmers" So an MoU for the rural folk, sounds a bit like an <deleted> to the farmers. 1 2 Link to comment Share on other sites More sharing options...
mok199 Posted August 11, 2019 Share Posted August 11, 2019 Casino's baby ....Why waste time with farmers ...''show me the real money''.... 2 Link to comment Share on other sites More sharing options...
Popular Post colinneil Posted August 12, 2019 Popular Post Share Posted August 12, 2019 Prayut is concerned over economic fundamentals, only economics he is concerned about is topping up his overflowing bank accounts. 8 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post sammieuk1 Posted August 12, 2019 Popular Post Share Posted August 12, 2019 Looks like he is telling the poor when your as rich as me you have to tie your money in with this handy ever expanding belt ???? 2 4 Link to comment Share on other sites More sharing options...
Bundooman Posted August 12, 2019 Share Posted August 12, 2019 Is it just me? "to provide convenience" "Develop local retail stores" "Create understanding" Got it! - Through the avenue for the medium of! Obvious really...…. 1 Link to comment Share on other sites More sharing options...
Popular Post wreckingcountry Posted August 12, 2019 Popular Post Share Posted August 12, 2019 Strategy? HahaahahaahahahaSent from my iPhone using Thaivisa Connect 1 2 Link to comment Share on other sites More sharing options...
Popular Post mikebell Posted August 12, 2019 Popular Post Share Posted August 12, 2019 3 hours ago, webfact said: the government will help those who may earn no more than 5,344 baht per month, who account for 26.9 million people or 40% of the population. Meanwhile the police/army/politicians/hi-so's/connected/ grow fat. Let them eat cake. 2 2 Link to comment Share on other sites More sharing options...
JAG Posted August 12, 2019 Share Posted August 12, 2019 (edited) 1 hour ago, mok199 said: Casino's baby ....Why waste time with farmers ...''show me the real money''.... Casinos are of little interest to those who may earn no more than 5,344 baht per month, who account for 26.9 million people or 40% of the population. That said, many of those are subsistence farmers, producing their own food, living off their land, and selling any surplus for cash, so B5,344 (what a curiously precise figure) is not their sole means of support. Still, casinos are of little interest to them, or indeed the vast majority of the population, for whom B25,000 a month is apparently the average. Edited August 12, 2019 by JAG 1 1 Link to comment Share on other sites More sharing options...
Popular Post PatOngo Posted August 12, 2019 Popular Post Share Posted August 12, 2019 (edited) 5 minutes ago, JAG said: Casinos are of little interest to those who may earn no more than 5,344 baht per month, who account for 26.9 million people or 40% of the population. That said, many of those are subsistence farmers, producing their own food, living off their land, and selling any surplus for cash, so B5,344 (what a curiously precise figure) is not all they have to live on. Still, casinos are of little interest to them, or indeed the vast majority of the population, for whom B25,000 a month is apparently the average. Correct. They can invest in the national AND the underground lottery twice a month. The 80 baht tickets are still only 100 baht! Edited August 12, 2019 by PatOngo 4 Link to comment Share on other sites More sharing options...
RotBenz8888 Posted August 12, 2019 Share Posted August 12, 2019 4 hours ago, webfact said: leaving nobody behind. What about the hisos? No tax cuts? 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted August 12, 2019 Share Posted August 12, 2019 Golly gee, I read the article twice. And not once did anyone mention the astronomically high Baht as a problem. Maybe that’s because they don’t see it that way. Tourism, exports, agri-Business—who needs them, anyway? 1 1 Link to comment Share on other sites More sharing options...
holy cow cm Posted August 12, 2019 Share Posted August 12, 2019 That picture depicts a lot about the story of the Emperors new clothes. Link to comment Share on other sites More sharing options...
neeray Posted August 12, 2019 Share Posted August 12, 2019 5 hours ago, webfact said: Prime Minister/Defense Minister Gen Prayut Chan-o-cha is quoted as saying the government will help those who may earn no more than 5,344 baht per month, who account for 26.9 million people or 40% of the population. Most are in the agricultural sector. If there was an election in the wind, I'd call this vote buying (maybe there is). But with no election looming, but a government taking a lot of flack, I'd call it "sucking up to the masses". Link to comment Share on other sites More sharing options...
newatthis Posted August 12, 2019 Share Posted August 12, 2019 3 hours ago, Cadbury said: Just another rambling and incoherent collection of platitudinous words from a bunch of useless fat cats. Sadly for the people they lack the ability to turn their words and promises into action. Well said! Link to comment Share on other sites More sharing options...
Eric Loh Posted August 12, 2019 Share Posted August 12, 2019 6 hours ago, webfact said: Premier concerned over economic fundamentals, proposes economic measures Looking forward to a robust parliamentary session on the budget. This will be fodder for the opposition to tear into the defense and interior ministry huge allocations. A vote of no confidence is timely now. 1 1 Link to comment Share on other sites More sharing options...
yellowboat Posted August 12, 2019 Share Posted August 12, 2019 Sounds like a reenactment of the Bangkok bike lanes. Foreigners might consider investing in these areas if the government got out of the way. Link to comment Share on other sites More sharing options...
RichardColeman Posted August 12, 2019 Share Posted August 12, 2019 I would suggest he addresses the Baht strength first, as all the planning in the world will not help those retailers with no tourists and no exports to sell to - just more debt to the banks for expanding to sell to nobody - so, bit like the condo/house building madness. Link to comment Share on other sites More sharing options...
Cadbury Posted August 12, 2019 Share Posted August 12, 2019 5 hours ago, soalbundy said: As long as he is concerned, it's the thought that counts. It counts even more when expresses his concern by placing his hand on his heart.........while ignoring the lady pleading for help. 1 Link to comment Share on other sites More sharing options...
Srikcir Posted August 12, 2019 Share Posted August 12, 2019 8 hours ago, webfact said: the government has focused on the fundamentals of the economy, a major element of national security, and has set an appropriate national strategy. A NIDA poll was conducted throughout the country on May 9-10, 2019 : https://www.thaipbsworld.com/impacts-from-governments-economic-stimulus-package-minimal-nida-poll/ 40.43% of respondents said the economic stimulus measures were unlikely to have any impact on the Thai economy; 18.26% believed the Thai economy will perform worse; 41.31% of the respondents thought the measures would boost the Thai economy. Asked whether the measures would prompt them to spend more, 64.35% of respondents disagreed, while the other 35.65 percent said they might spend more. It was reported by another news source (can't be cited) that the same poll also asked if the respondents wanted the government to introduce new economic stimulus measures: 96.17% - "no" PM Prayut who has been Head of Government since September 2014 and continues as PM has lost the confidence of the People in economic matters. The "appropriate national strategy" is out of date. The Thai public knows this. Why doesn't the government know this? Link to comment Share on other sites More sharing options...
FarFlungFalang Posted August 12, 2019 Share Posted August 12, 2019 (edited) 3 hours ago, neeray said: If there was an election in the wind, I'd call this vote buying (maybe there is). But with no election looming, but a government taking a lot of flack, I'd call it "sucking up to the masses". My prediction would be watch out for Anutin from Bhumjaithai he comes across as very savvy and plays his cards close to his chest makes a lot of the right noises to appeal to the common folk as well as the well off.A very astute politician in my opinion. Edited August 12, 2019 by FarFlungFalang Correction Link to comment Share on other sites More sharing options...
Fred white Posted August 12, 2019 Share Posted August 12, 2019 Another welfare program Link to comment Share on other sites More sharing options...
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