Uttama signals launch of new stimulus measures

[snoop1130]

Uttama signals launch of new stimulus measures

By THE NATION

 

Finance Minister Uttama Savanayana

 

Finance Minister Uttama Savanayana said today (November 20) that the government may launch additional measures to help lift the economy before 2020.

 

"The ministry is monitoring the economic situations. It's possible that we'll launch additional economic stimulus measures," he said, adding that the new measures would support all sectors, including SMEs, and boost local consumption.

 

On November 19, Prime Minister Prayut Chan-o-chaurged the Council of Economic Ministers to prioritise solving the problems of grassroot people.

 

He said the ministers would have to solve economic problems for people at all levels of society, especially low-income earners. The premier expressed his concern after a briefing by the National Economic and Social Development Council onthe economic situation in the third quarter.

 

In a related matter, the Thai Industries Sentiment Index in October slid to 91.2 from 92.1 in September, hitting the lowest point in 17 months since last June.

 

The drop was partly attributed to SMEs'difficulty in accessing funds as banks have been more prudent in lending, coupling with the strengthening baht and the prolonged US-China trade war.

 

A positive factor in October was that businesses were receiving more orders form foreign customers for New Year-related products, especially fashion and food items.

 

Source: https://www.nationthailand.com/business/30378558

 

-- © Copyright The Nation Thailand 2019-11-20

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[Cadbury]

1 hour ago, snoop1130 said:

Uttama signals launch of new stimulus measures

More free helicopter "eat, drink, spend, travel" money to be scattered from above. That should kick the GDP along nicely.

What about some cheepo loans for farmers, workers, small business and any others who cannot afford them just to give domestic debt a boost and stimulate things. 

Here is a photo of Finance Minister Uttama Savanayanam doing a bit of stimulating at the millionaire's Palang Pracherat Party Ball.

[Toadie]

I wouldn't scoff at any stimulus measures being put forward as they are at least stating aimed at all sectors not just bailing out the top end of town.

[Srikcir]

18 hours ago, snoop1130 said:

In a related matter, the Thai Industries Sentiment Index in October slid to 91.2 from 92.1 in September, hitting the lowest point in 17 months since last June.

Sliding index over the last 17 months during which the government has launched numerous stimulus measures seems to indicate they've failed. 

If the "ministry is monitoring the economic situations," why continue with the same failed policies? I wouldn't say the ministry is being irresponsible but does seem not to understand why the Prayut-Somkid economic policies have failed for so many years.

[Denim]

This government has failed in its stated mission. It is taking happiness away from the people rather than returning it.

 

Things are doomed to go from bad to worse until they return the power they stole from the people to all the people not just the wealthy few.

 

Failed and repeated stimulus packages will do nothing to restore confidence in this government.

[Cake Monster]

1 hour ago, Srikcir said:

Sliding index over the last 17 months during which the government has launched numerous stimulus measures seems to indicate they've failed. 

If the "ministry is monitoring the economic situations," why continue with the same failed policies? I wouldn't say the ministry is being irresponsible but does seem not to understand why the Prayut-Somkid economic policies have failed for so many years.

It seems to be a Thai thing to keep doing the same thing over and over again in the hope that one day, it will come good.

IMO,if you dont fix the first time you have to try and nail it down the second time with a different approach.

But hey ! thats just me.