Prayut ready to listen to ideas from big businesses

By The Nation

 

Prime Minister Prayut Chan-o-cha

 

Prime Minister Prayut Chan-o-cha will meet representatives of companies in the Eastern Economic Corridor (EEC) on Thursday to learn about progress in their project development as well as listen to ideas on how the zone can be further developed.

 

The meeting will take place at Laem Chabang, Energy Minister Supattanapong Punmeechaow said.

 

Present at the meeting will be representatives of some 16 major companies, including PTT, Amata Corporation, WHA Industrial Development and Mitsubishi Motors (Thailand).

 

Also attending will be some ministers, including Supattanapong, Deputy PM and Public Health Minister Anutin Charnvirakul and Transport Minister Saksayam Chidchob, the government's spokesman Anucha Burapachaisri said.

 

Targeting big earners

 

Meanwhile, Supattanapong said the Centre for Economic Situation Administration (CESA) will study new economic stimulus packages on October 7 to boost domestic consumption.

 

The new package will target the upper middle class who earn a high salary, such as encouraging them to co-pay for products and services, he added.

“They may get subsidies in the form of tax returns,” he said.

 

Energy Minister Supattanapong Punmeechaow

 

On September 29, the Cabinet gave the go-ahead to a three-month economic stimulus package in a bid to stimulate domestic consumption.

 

Under the Kon La Khreung (Let’s Go Halves) scheme, 10 million people will get daily discounts on their shopping of up to Bt150, capped at Bt3,000 per person. The scheme will open for merchants to register online from Thursday.

 

Under the second scheme, 14 million welfare cardholders will receive an extra monthly discount of Bt500 on their shopping from October 23 to December 31.

 

Supattanapong said he also wants to promote Bangkok as an international hub for major foreign companies by cashing on the capital’s strong infrastructure and competitive office rents and living cost.

 

He also wants to woo foreign investment in real estate.

 

On September 16, CESA approved in principle amendments to the criteria of granting permanent residence to foreigners in a bid to woo more investment.

 

The centre is considering the option of granting permanent residence to buyers of condominium units, provided applicants do not mortgage, sell or transfer this asset for five years after purchase.

 

Gradual recovery

 

Supattanapong said that Thailand’s economic indicators have improved. Thailand has effectively handled the outbreak and continues to launch measures to revive the sapping economy.

 

He is confident that the Thai economic growth will return to the pre-outbreak level within two years.

 

He said the key economic driver is the private sector investment and it is time for the private companies to stop fearing the Covid-19 outbreak.

 

He added that some private companies have continued to invest, because the interest rate is low and the price of construction materials is dropping.

 

Source: https://www.nationthailand.com/business/30395404

 

-- © Copyright The Nation Thailand 2020-10-01

 

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14 minutes ago, webfact said:

said he also wants to promote Bangkok as an international hub for major foreign companies by cashing on the capital’s strong infrastructure and competitive office rents and living cost

Yesterday they were saying BKK was sinking so it might be a bit risky for a f'rrang company to max out on the infrastructure lest they wanna risk seeing their business go down the plughole into the Chao Phraya .. 

Edited September 30, 20205 yr by Justgrazing
Sp

3 hours ago, webfact said:

Prayut ready to listen to ideas from big businesses

Just the same as he was going to listen to the students demands but never did.

Prayuth looking for big donations from big business.....

 

3 hours ago, webfact said:

as well as listen to ideas on how the zone can be further developed.

Thats a joke, since when did Prayut ever listen to anybody.

He never listens, just barks orders to underlings, ..... Get this sorted in 7 days, is his normal approach.

Let Farang buy 1 Rai of land

25 minutes ago, ChipButty said:

Let Farang buy 1 Rai of land

Good idea for "small blokes" like us, but I think these guys are looking for people who can drop a few million without even blinking. 

What some of these over dressed, entitled people need to tell cha cha is that the difference between him and Thaksin:  Thaksin was a small fish in a very big pond.  cha cha is a big fish in a small pond. 

 

The EEC is the brainchild of a big fish from a small pond.  The rest of Thailand is on its own.  The army party is focused on the EEC. 

Edited October 1, 20205 yr by yellowboat

5 hours ago, webfact said:

Prayut ready to listen

This is where I stopped reading. 

5 hours ago, webfact said:

On September 16, CESA approved in principle amendments to the criteria of granting permanent residence to foreigners in a bid to woo more investment.

 

The centre is considering the option of granting permanent residence to buyers of condominium units, provided applicants do not mortgage, sell or transfer this asset for five years after purchase.

 

Now hang on just a minute ! Offering PR for foreign investors who simply buy a condo (no min value is stated..) and could well not even live in-country ? The condo market must be in dire straits.

 

How about those working here long-term already, with business investments, with families and with single/joint assets. Any amendments proposed to their options to make PR/Citizenship less of a ball-ache ?

Or is the answer that they need to buy a new condo as well...????

6 hours ago, webfact said:

The new package will target the upper middle class who earn a high salary, such as encouraging them to co-pay for products and services, he added.

“They may get subsidies in the form of tax returns,” he said.

 

6 hours ago, webfact said:

Prayut ready to listen to ideas from big businesses

As he has none of his own.. except self enrichment?

He only ever listens to the 5 or so big Chinese families that fund him

Perhaps they can discuss the mighty Baht, and how it handicaps the economy.

6 hours ago, webfact said:

ready to listen to ideas from big businesses

18 minutes ago, Isaan sailor said:

Perhaps they can discuss the mighty Baht, and how it handicaps the economy.

...or how it allows the wealthy hi so's to snap up central London properties on the cheap.

Prayut can listen all he want but he lacks the business acumen to visualize and recognize opportunities. His military experience are poor job fit. Thailand will never recover from current economic slump with the current military leaning government.    

This is him active listening.

 

 

 

 

 

5 hours ago, ChrisY1 said:

Prayuth looking for big donations from big business.....

Excluding REDBULL

the pr could be a real proposal or just an extra carrot to woo wishful thinking investors, then pull the rug from under their feet, investors being non-chinese, be also interesting to see how they tie in the eec to this as in every other belt and road they have eec and eez, may be it's the start, grant pr or extra legal status to those investing in eec, to chinese and offer same to other nations but put in more strict hurdles to follow

How about listening to small businesses ?

Most of the large ones in Thailand  have billionares at the helm who should be able to ride out the next 9 months 

6 hours ago, colinneil said:

 

Thats a joke, since when did Prayut ever listen to anybody.

He never listens, just barks orders to underlings, ..... Get this sorted in 7 days, is his normal approach.

Not completely true Colin. You can bet he is listening well to what his Chinese paymasters tell him to do.

9 hours ago, webfact said:

Under the second scheme, 14 million welfare cardholders will receive an extra monthly discount of Bt500 on their shopping from October 23 to December 31.

Wow !!! Double Wow !! A whole 15 baht a day. Imagine a country where the extra benefit equalled a tin of coke a day or a 7/11 burger every 3 days ! Total military bull to buy more toy guns and tanks and subs

Yeah sits down for 15 minutes with business leaders to discuss matters then they decide the Emperor Prayut is right

Edited October 1, 20205 yr by Orton Rd

8 hours ago, ChrisY1 said:

Prayuth looking for big donations from big business.....

Didn't he get that coincidentally just before the coup?

I just wish for once that he would listen to the views of the average citizen.

13 hours ago, Justgrazing said:

Yesterday they were saying BKK was sinking so it might be a bit risky for a f'rrang company to max out on the infrastructure lest they wanna risk seeing their business go down the plughole into the Chao Phraya .. 

thought Chinese invested lots of money on BkkBank,  555

13 hours ago, webfact said:

He also wants to woo foreign investment in real estate.

and I want to win the lottery 555 

13 hours ago, webfact said:

He also wants to woo foreign investment in real estate.

wishful thinking but nothing will happen having the baht as it is, drop it to 33-35 for the USD and maybe, just maybe things will improve a little but don't expect too much

Hopefully they tell him to resign and he listens. Such a failure to everyone this guy. I'd love to drop the nut on him.