PM harps on more stimulus measures to lift economy

By THE NATION

 

(Photo credit: Thai government's website)

 

Prime Minister General Prayut Chan-o-cha said Thailand would seek more measures to boost the economy.

 

He made the remark during the meeting of the Council of the Economic Ministers on Friday (November 1).

 

He assured that Thailand and Asean economies were not in recession but they would just have slower growth next year. Therefore, Thailand needed to come up with more economic stimulus measures to lift the economy.

 

He added that Thailand’s monetary and fiscal policies must also facilitate domestic spending and business investment.

 

The meeting on Friday also gave the nod in principle to the guidelines to solve the problems of small and medium-sized enterprises (SMEs).

 

The guidelines cover several areas and 13 measures as proposed by the Office of the Small and Medium Enterprise Promotion. They also aimed to help SMEs get easier access to capital, know-how and market access.

 

The measures include the launch of new types of SME loan guarantee, the promotion of software use by SMEs to draw accounts, to the launch of an SMEs festival.

 

-- © Copyright The Nation Thailand 2019-11-01

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Eat ,shop ,spend phase 4 ,5 ,6 and 7 .....

Edited November 1, 20196 yr by mok199

At least he didnt blame Brexit...

Eat, shop, spend till you drop..

 

Just spent our 1000k at Tesco, nice bottle of wine cheers mr P

16 hours ago, snoop1130 said:

The measures include the launch of new types of SME loan guarantee, the promotion of software use by SMEs to draw accounts, to the launch of an SMEs festival.

 

Short term, non solutions from a guy who likes short cuts and defies basic economics.   On Saturdays, he probably locks himself in a room and defiantly plays with matches.

 

When Thaksin ran things, people had second homes in Thailand, people came to Thailand to do business.  Today, outsiders, with their innovation, are chased away.  If Thais want to make money, they need to look side of their borders, and avoid listening to a wet blanket who wants to act prime minster like.  He knows nothing of the outside world or economics.     

Cancel all government spending on military equipment....

Do something about the artificially high Baht, but then that would impact on all the Government cronie investments overseas....

Put the brakes on hot money inflows.  That’s all the stimulus they need.

"He assured that Thailand and Asean economies were not in recession but they would just have slower growth next year. Therefore, Thailand needed to come up with more economic stimulus measures to lift the economy."

How can you still believe fairy tales?
The whole world is in a recession, some countries more than others, and you keep on saying that Thailand is in a continuous increase!

"He added that Thailand’s monetary and fiscal policies must also facilitate domestic spending and business investment."

Surely there is one thing, for the people it is impossible to make investments or spend money that they do not have, or perhaps your goal is to make your "slaves" borrow even more?
In this way you would enrich yourself even more!

12 hours ago, Orton Rd said:

Just spent our 1000k at Tesco, nice bottle of wine cheers mr P

We plan the same....????

19 hours ago, snoop1130 said:

He assured that Thailand and Asean economies were not in recession but they would just have slower growth next year. Therefore, Thailand needed to come up with more economic stimulus measures to lift the economy.

Spin doctor.

On 11/1/2019 at 5:14 PM, snoop1130 said:

He assured that Thailand and Asean economies were not in recession but they would just have slower growth next year.

Apparently Prayut has also assured that he knows nothing about recession. He just defined next year as a recessionary year.

• 'An economic recession is typically defined as a decline in gross domestic product (GDP) for two or more consecutive quarters.'

Looking at the present year:

• Half of the [ASEAN] region's economies have fallen into a current account deficit as exports have tumbled, while Vietnam and the Philippines were the only two countries not to post lower growth last year. https://www.straitstimes.com/business/economy/asean-may-fare-worse-in-next-downturn-than-in-earlier-crisis-report
• ASEAN growth rates are lower for eight of the 10 ASEAN nations than they were during the last global financial crisis, with only the Philippines and Vietnam bucking this trend. This lower starting point is a concern as it increases the risk of countries getting closer to a technical recession – or two consecutive quarters of economic contraction. In 2018 Thailand's GDP growth ranked only ahead of Brunei and Singapore among ASEAN members. https://theaseanpost.com/article/asean-faces-more-risks-ahead-next-downturn

On 11/2/2019 at 9:47 AM, yellowboat said:

Short term, non solutions from a guy who likes short cuts and defies basic economics.   On Saturdays, he probably locks himself in a room and defiantly plays with matches.

 

When Thaksin ran things, people had second homes in Thailand, people came to Thailand to do business.  Today, outsiders, with their innovation, are chased away.  If Thais want to make money, they need to look side of their borders, and avoid listening to a wet blanket who wants to act prime minster like.  He knows nothing of the outside world or economics.     

This is about Thailand not America....Oh wait, sorry

He is the chief general of the military but not a good politician.