DPM Somkid admits he no longer controls national economic affairs

[webfact]

DPM Somkid admits he no longer controls national economic affairs

 

 

Deputy Prime Minister Somkid Jatusripitak said today that he is no longer directly in charge of Thailand’s national economic affairs, but merely oversees four related ministries.

 

He gave his assurance, however, that Thailand’s economic fundamentals remain strong and there is no need to be panicked into issuing new economic stimulus packages in the wake of a global economic slowdown.

 

Citing the case of Singapore, which is also experiencing a slowdown, Somkid said that the island state stays calm and works to deal with the problem. “Everyone must help out, wake up and help themselves. Thailand’s economy is not that bad,” said the deputy prime minister.

 

Full story: https://www.thaipbsworld.com/dpm-somkid-admits-he-no-longer-controls-national-economic-affairs/

 

 

-- © Copyright Thai PBS 2019-09-10

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[smedly]

4 minutes ago, webfact said:

Deputy Prime Minister Somkid Jatusripitak said today that he is no longer directly in charge of Thailand’s national economic affairs, but merely oversees four related ministries.

what a relief right - if it goes down the shi tt er - not on my "watch"

 

if ever there was a sign that Thailand is about to economically implode this is right up there 

[colinneil]

So what he is actually saying is.... when it hits the fan, he can say not my doing, not my problem.

[faraday]

I get more confused each day, maybe I really do need some Aricept, or maybe, just perhaps, the gubmint is unsure.

 

I thought Prayut - is it General or pm, had also claimed the position of dpm?

 

The other day, didn't Colinneil's best mate - ol' fatty, when talking about going to Khun Kaen, also refer to himself as dpm?

 

And now, this geezer - to be polite, is also dpm...

 

Anyway, who's Spartacus, while we're finding all this out?

 

Yours

 

Confused of Udon

Edited September 9, 2019 by faraday

[jastheace]

37 minutes ago, colinneil said:

So what he is actually saying is.... when it hits the fan, he can say not my doing, not my problem.

and he is totally uniquely unique as high as unique can be with that statement. sorry I havn;t learnt  to multi post yet colinneil

[PatOngo]

Fear not, the economy is in good hands.

One banana, two banana, three banana, four...………..

[jastheace]

47 minutes ago, smedly said:

what a relief right - if it goes down the shi tt er - not on my "watch"

 

if ever there was a sign that Thailand is about to economically implode this is right up there 

don't hold yr breath. I did for 6 years, and nothing happened... maybe 6 more years? jeez hope not. but don't hold your breath..

[Cadbury]

1 hour ago, webfact said:

Deputy Prime Minister Somkid Jatusripitak said today that he is no longer directly in charge of Thailand’s national economic affairs..........

He seems to have his nose out because the PM has appointed himself supreme commander of the economy which must be very humiliating for him considering all the work he did and the support he gave to Prayut during the glory days of junta. Now he has virtually been tossed aside like an old boot. 

Now it seems Somkid is nothing more than a PR salesman who is given impossible jobs like forming trading relationships with near bankrupt dictatorships like Turkey.

Desperate days ahead!

https://forum.thaivisa.com/topic/1121793-somkid-seeks-more-turkish-investment-in-eec/

 

Edited September 9, 2019 by Cadbury

[bluesofa]

1 hour ago, colinneil said:

So what he is actually saying is.... when it hits the fan, he can say not my doing, not my problem.

Quite likely. He's just standing behind someone else to avoid being hit in face when it does. But guess who he's standing behind:

"This drawback explains why it is necessary to have an “economic cabinet”, headed by Prime Minister Prayut Chan-o-cha, to ensure that the economic policies of each ministry are complementing one another for the benefit of the country."

 

Oh buugger! It 's our our illustrious leader.

[Chang_paarp]

1 hour ago, webfact said:

DPM Somkid admits he no longer controls national economic affairs

Did he ever actually control anything in spite of some impressive titles?

[graemeaylward]

DPM Somkid admits he no longer controls national economic affairs
 
Citing the case of Singapore, which is also experiencing a slowdown, Somkid said that the island state stays calm and works to deal with the problem. “Everyone must help out, wake up and help themselves. Thailand’s economy is not that bad,” said the deputy prime minister.
 
b>

True to form, it is for everyone to "help themselves" as all those in government positions do!



Sent from my iPad using Thailand Forum - Thaivisa mobile app

[upena]

After 5 years of destroying the economy.....

[overherebc]

1 hour ago, PatOngo said:

Fear not, the economy is in good hands.

One banana, two banana, three banana, four...………..

Nope.

One banana, two bananas, another banana, another banana, ---------------

[Denim]

2 hours ago, webfact said:

He gave his assurance, however, that Thailand’s economic fundamentals remain strong

 That is , the rich will continue to get richer and the poor will get deeper in debt.

[sammieuk1]

Everyone must help out alright doing a fine job anyone told the DPM vaping is illegal here????

 

[Katipo]

"that Thailand’s economic fundamentals remain strong".... and what fundamentals would these be? Falling foreign investment? A tourism sector with so many conflicting numbers no one has a clue what's really going on? The suspiciously strong baht baht?

Or perhaps he's using the 'Shopping Mall Index', because no one would argue that that seems to be performing very well.

[hotchilli]

3 hours ago, webfact said:

Deputy Prime Minister Somkid Jatusripitak said today that he is no longer directly in charge of Thailand’s national economic affairs, but merely oversees four related ministries.

So when it goes tits-up he can absolve himself from blame.... smart cookie covering his <deleted> now!

[Srikcir]

5 hours ago, webfact said:

Deputy Prime Minister Somkid Jatusripitak said today that he is no longer directly in charge of Thailand’s national economic affairs, but merely oversees four related ministries

DPM now stands for "Department of Promises Management."

He will be the one to blame for failure.

[peterpop]

Actually Somkid is a highly respected and very competent finance minister.  He has maintained the Thai finances such that many see the Thai Baht as a haven currency with the strength of the Yen, US Dollar etc.  

[Isaan sailor]

Hands in the till...seems everyone in power loves the high Baht.  And why not?  ChiComs keep pouring hot money inflows into Bank of Thailand.  This benefits many.

[Fred white]

6 hours ago, Cadbury said:

He seems to have his nose out because the PM has appointed himself supreme commander of the economy which must be very humiliating for him considering all the work he did and the support he gave to Prayut during the glory days of junta. Now he has virtually been tossed aside like an old boot. 

Now it seems Somkid is nothing more than a PR salesman who is given impossible jobs like forming trading relationships with near bankrupt dictatorships like Turkey.

Desperate days ahead!

https://forum.thaivisa.com/topic/1121793-somkid-seeks-more-turkish-investment-in-eec/

 

Trade relations with a dictatorship what do you expect from a country run by a dictator

[30la]

8 hours ago, webfact said:

“Everyone must help out, wake up and help themselves. Thailand’s economy is not that bad,” said the deputy prime minister.

Certainly the Thai economy is not the best, tell us how the situation really is, the rich are speculating on the increasingly strong Baht, the prices of essential things are increasing and the disadvantaged part of the people does not know how to reach the end of the month .
A healthy economy needs ALL the people to stay that way!