Thai Private Sector Warns Against Amnesty

[webfact]

AMNESTY

Private sector warns against amnesty

By NALIN VIBOONCHART

THE NATION

One of the country's leading financial and economic groups has warned the new government to avoid making the amnesty agenda one of its priority jobs until it can prove its ability to resolve the country's economic problems and increase the competitiveness of the private sector.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), comprising the Thai Chamber of Commerce, the Federation of Thai Industries and the Thai Bankers' Association, issued its statement yesterday.

JSCCIB chairman Dusit Nontanakorn said the amnesty would put the country into deep conflict. It will jeopardise Thailand at a time when many economic problems have not been solved and the country needs its competitiveness strengthened.

"We hope that the new government will not create a new problem for the nation by proposing the amnesty agenda. It has a drawback. The government cannot create reconciliation if the conflict still exists, or is accelerated. So, Khun Yingluck would be wise not to do that," he said.

'STRENGTHEN THE ECONOMY'

Dusit said he did not mean that the JSCCIB accepted the amnesty, but it had to forecast that such move was possible during the Pheu Thai Party's administration. Instead, the government must focus on strengthening the economy, and this will need no less than one year, to prove that the Pheu Thai Party can do it.

He said the JSCCIB would like the new government to put more emphasis on eradicating corruption, reducing social divisions and formulating the policies it announced during the political campaign. The private sector is also looking forward to seeing the Pheu Thai Party's vision of making the country a success over the next five years, during which the Asean Economic Community will come into being.

"We don't have a specific qualification for new ministers. All we want are wise, good and honest ministers. The JSCCIB is ready to support the new government in administering the country during the transformation period," Dusit said.

Federation of Thai Industries chairman Payungsak Chartsuthiphol said many planned policies needed huge budgets. Therefore, the Pheu Thai government should also be concerned about how to generate money.

The federation still wants the government to invest in infrastructure, such as logistics and telecommunication systems, he said.

-- The Nation 2011-07-05

[geriatrickid]

Meanwhile the baht strengthened and the foreign investment markets are positive following the PTP election victory. At home, Thailand’s SET Index ended 4.7% higher at 1,090.28.

These are the same people that said Thailand's economy would collapse the day after a PTP win. Phooie.

[Artisi]

Meanwhile the baht strengthened and the foreign investment markets are positive following the PTP election victory. At home, Thailand's SET Index ended 4.7% higher at 1,090.28.

These are the same people that said Thailand's economy would collapse the day after a PTP win. Phooie.

Lets review the economy in 12 months, that's when the truth will be known one way or the other.

Edited July 5, 2011 by Artisi

[whybother]

Meanwhile the baht strengthened and the foreign investment markets are positive following the PTP election victory. At home, Thailand's SET Index ended 4.7% higher at 1,090.28.

These are the same people that said Thailand's economy would collapse the day after a PTP win. Phooie.

The market ended higher as they'd been selling off for the last couple of weeks because of the uncertainty of the election result. With the PTP getting a clear majority, rather than needing a coalition or the Democrats getting in with a coalition, it presents a stable political position and therefore acceptable for investment.

[paddypower]

Meanwhile the baht strengthened and the foreign investment markets are positive following the PTP election victory. At home, Thailand's SET Index ended 4.7% higher at 1,090.28.

These are the same people that said Thailand's economy would collapse the day after a PTP win. Phooie.

The market ended higher as they'd been selling off for the last couple of weeks because of the uncertainty of the election result. With the PTP getting a clear majority, rather than needing a coalition or the Democrats getting in with a coalition, it presents a stable political position and therefore acceptable for investment.

agreed. the rule of any market is - it does not like uncertainty. ergo, this will be a stable and perhaps even very strong stock market for the rest of 2011, barring accidents.

[Loz]

wallets out, chaps!

[soundman]

Meanwhile the baht strengthened and the foreign investment markets are positive following the PTP election victory. At home, Thailand's SET Index ended 4.7% higher at 1,090.28.

These are the same people that said Thailand's economy would collapse the day after a PTP win. Phooie.

The market ended higher as they'd been selling off for the last couple of weeks because of the uncertainty of the election result. With the PTP getting a clear majority, rather than needing a coalition or the Democrats getting in with a coalition, it presents a stable political position and therefore acceptable for investment.

I think this analysis is fairly close to the mark regarding market sentiment, and a 50 point jump yesterday.

[Lancelot]

Meanwhile the baht strengthened and the foreign investment markets are positive following the PTP election victory. At home, Thailand’s SET Index ended 4.7% higher at 1,090.28.

These are the same people that said Thailand's economy would collapse the day after a PTP win. Phooie.

How can we be sure that the SET is actually rising? Its probably being manipulated by Red Shirted tecnicians even as we type. The true value is most likey 69.666 and the difference has found its way to Dubai

I can understand some expats prefering one regime over another; however, what I struggle with is some of the absolute vitriolic political rhetoric about the Thai general election. I think its as simple as some folks need to hate something. If Thailand suddenly resolved all of its propblems, the V Crowd (Vitriolics Inc.) would dream up a new pom pem...

Great life as long as we refuse to think positive

Edited July 5, 2011 by Lancelot