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Private sector shaken after 4 economics ministers quit ruling party


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Private sector shaken after 4 economics ministers quit ruling party

By THE NATION

 

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The private sector has been shaken by upheaval in the Prayut government, after four ministers credited with running the economy resigned from the ruling Palang Pracharat Party.

 

 

The Thai Chamber of Commerce expressed concern that collaboration between business and government would be affected after Finance Minister Uttama Savanayana, Energy Minister Sontirat Sontijirawong, Higher Education, Science, Research and Innovations Minister Suvit Mesinsee and PM’s Office deputy secretary-general Kobsak Pootrakool quit the ruling party. Their resignations triggered worry they could lose their posts in a pending Cabinet reshuffle.

 

The board also urged the government to set up a centre for economic recovery after the Covid-19 pandemic, suggesting the prime minister head the new organisation which should collaborate with the private sector for more agile operations.

 

Kalin Sarasin, the chamber’s chairman, added that the government should maintain remedial measures to help SMEs with their costs until the end of this year. The measures have been running for the past three months.

 

Meanwhile, he suggested that tax collection should be reviewed for cases outside the system. He added that social security contributions collected from employers should be reduced from 4 per cent of their revenue to 1 per cent.

 

The chairman also advised the government to reopen more border checkpoints closed amid the Covid-19 crisis and update relevant laws.

 

Finally, he urged the government to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade deal.

 

Source: https://www.nationthailand.com/news/30391100

 

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-- © Copyright The Nation Thailand 2020-07-11
 
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12 hours ago, rooster59 said:

The private sector has been shaken by upheaval in the Prayut government, after four ministers credited with running the economy resigned from the ruling Palang Pracharat Party.

It's about to go pop !

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Happy all you old retired expats don’t have the virus while the young people starve to death. Lockdowns make no sense except for the old people with a coin in their pocket that can stay home and don’t have to work. ????

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7 minutes ago, Wake Up said:

Happy all you old retired expats don’t have the virus while the young people starve to death. Lockdowns make no sense except for the old people with a coin in their pocket that can stay home and don’t have to work. ????

While there is plenty of evidence that very many thousands of elderly people have died from this virus, I doubt that you can provide proof of young people "starving to death" due to covid-19.

 

However, I do think that there should be more emphasis on protecting the most vulnerable people (elderly and sick) and fewer compulsory restrictions upon those for whom the virus is not particularly dangerous (the young and fit).

 

IMHO

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