Premier concerned over economic fundamentals, proposes economic measures

[webfact]

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

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[smedly]

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 ?

[gunderhill]

1 hour ago, webfact said:

26.9 million people or 40% of the population

bs

[Cadbury]

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.

[PatOngo]

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!

[soalbundy]

As long as he is concerned, it's the thought that counts.

[Oziex1]

"Creating understanding with the farmers"

So an MoU for the rural folk,  sounds a bit like an <deleted> to the farmers. 

[mok199]

Casino's baby ....Why waste time with farmers ...''show me the real money''....

[colinneil]

Prayut is concerned over economic fundamentals, only economics he is concerned about is topping up his overflowing bank accounts.

[sammieuk1]

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 ????

[Bundooman]

Is it just me?

 

"to provide convenience"

"Develop local retail stores"

"Create understanding"

 

Got it! - Through the avenue for the medium of!

Obvious really...….

[wreckingcountry]

Strategy? Hahaahahaahahaha


Sent from my iPhone using Thaivisa Connect

[mikebell]

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.

[JAG]

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

[PatOngo]

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

[RotBenz8888]

4 hours ago, webfact said:

leaving nobody behind.

What about the hisos? No tax cuts?

[Isaan sailor]

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?

[holy cow cm]

That picture depicts a lot about the story of the Emperors new clothes. 

[neeray]

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".

[newatthis]

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!

[Eric Loh]

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. 

[yellowboat]

Sounds like a reenactment of the Bangkok bike lanes.   Foreigners might consider investing in these areas if the government got out of the way. 

[RichardColeman]

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.

[Cadbury]

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. 

[Srikcir]

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?

[FarFlungFalang]

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

[Fred white]

Another welfare program