Predee poised to implement economic action plan

By The Nation

 

Predee Daochai

 

New Finance Minister Predee Daochai is expected to deliver his policies for implementation by the ministry's high-ranking officials soon, said a ministry source.

 

Predee earlier held an informal meeting with them to discuss the economic situation and his plan to launch additional stimulus packages, the source added.

 

Fiscal Policy Office director-general Lavaron Sangsnit said some economic indicators were positive after April and showed that domestic consumption recovered after the lockdown was eased.

 

However, sectors such as exports and tourism have yet to recover to pre-Covid-19 levels and are in need of continued support from the government, he added.

 

Meanwhile, Energy Ministry permanent secretary Kulit Sirisombat is ready to propose the ministry's plans to new minister Supattanapong Punmeechaow after Supattanapong takes office tomorrow (August 13).

 

Among the ministry’s plans are liberalisation of the natural gas sector, construction of grassroots power plants, and revision of the 2018 plans for power development, for alternative energy development, and for gas.

 

Supattanapong has said he might adjust rules for the grassroots power plant project and will also announce his own new policies, Kulit said.

 

Meanwhile, the Department of Mineral Fuels will also propose a plan to invite private firms to enter the new round of bidding for petroleum exploration and production rights.

 

Source: https://www.nationthailand.com/business/30392872

 

-- © Copyright The Nation Thailand 2020-08-13

 

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Tourism and exports make up a very big chunk of Thailand's economy. If they are both in bad shape the country is in big trouble. The thing is they were a problem pre-pandemic so this guy has his work cut out for him.

The Plan:

 

1. Fill the trough

2. Slurp slurp

At last someones going to devalue the Baht.......

 

words are cheap...action is needed

555!  I get a chuckle every day out of the clowns in government.  Do they understand the difference between reality and wishful thinking??? 

12 hours ago, webfact said:

However, sectors such as exports and tourism have yet to recover to pre-Covid-19 levels and are in need of continued support from the government, he added.

Forgive me if I am wrong, but they are still rolling downwards. They have to stop and level out before they can start to recover 

I give this government and A for optimism, and an F for addressing the real issues.

Everything is topical here-it’s about “face”.  If you can hide the problems, and make shiny new temporary things, and make promises that are improbable to come to fruition, everything seems La la land like