JSCCIB Proposes Joint Committee To Monitor Russia-Ukraine Situation

[webfact]

 

by Tanakorn Sangiam

    

BANGKOK (NNT) - Thailand’s private sector has proposed that the government set up a joint committee to monitor the Russian-Ukraine conflict, saying the tension affects both global and local economies.

 

The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) has asked the administration to set up a joint committee between the government and the private sector. The proposal came from the Federation of Thai Industries (FTI) Chairman Suphan Mongkolsuthee. He said the private sector is concerned about the implications of the prolonged crisis, which has already raised the global oil price to 100 U.S. dollars per barrel, the highest rate in eight years.

 

According to the FTI chairman, the rising fuel price will affect manufacturing costs, while the current inflation rate could affect the confidence of consumers and investors.

 

Complications from the closure of airspaces and suspension of maritime cargo lines also pose a major threat to economic recovery.

 

Meanwhile, the number of visitors from Russia this year is expected to reduce by half from the initial estimate of 500,000-600,000 people, while the national GDP is expected to grow between 2.5% and 4.5%.

 

Mr. Poj Aramwattananont, Vice Chairman of JSCCIB, said the private sector will need to continue monitoring the situation closely, especially the impact of rising fuel and energy prices.

 

On the potential increase of animal feed pricing, Mr. Poj said businesses have been working with the government to maintain the price, however, costs related to logistics will add to the suffering.

 

He noted the removal of Russian banks from the SWIFT international money transfer network is not expected to cause major disruptions in Thailand.

 

-- © Copyright NNT 2022-03-03

 

- Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

- Follow ASEAN NOW on LINE for breaking COVID-19 updates

[ThailandRyan]

One question is Why?  Why the need for a committee, are they afraid of a lack of transparency? 

[petermik]

Another committee....just what`s needed

[hotchilli]

5 hours ago, webfact said:

Thailand’s private sector has proposed that the government set up a joint committee to monitor the Russian-Ukraine conflict, saying the tension affects both global and local economies.

I'm sure the relevant authorities are capable of looking after their own sections without the need of another committee?

[hotchilli]

4 hours ago, ThailandRyan said:

One question is Why?  Why the need for a committee, are they afraid of a lack of transparency? 

It looks like they care... 

[hotchilli]

5 hours ago, webfact said:

Mr. Poj Aramwattananont, Vice Chairman of JSCCIB, said the private sector will need to continue monitoring the situation closely, especially the impact of rising fuel and energy prices.

A friend in the UK said fuel at the pump has risen 20p per litre in the last week,

it is now averaging 1.62 per litre

[approx 70 baht per litre] Thailand it seems is doing okay at the moment.

[MrJ2U]

"JSCCIB Proposes Joint Committee To Monitor Russia-Ukraine Situation"

 

 

.....Most  probably don't even know where Ukraine is located. 

 

Better of just watching the WORLD news and reporting it as there own fact finding.

 

Similar to there Covid reporting.

[pokerface1]

The old saying comes to mind. Not another Itty bitty titty committee. ????

[ThailandRyan]

19 hours ago, hotchilli said:

It looks like they care... 

Looks can be deceiving as we all know...