Private sector believes THB 2-trillion investment good for Thailand's competitiveness

[webfact]

Private sector believes THB 2-trillion investment good for country’s competitiveness

BANGKOK, 19 October 2013 (NNT) - The private sector voices agreement with the government’s 2-trillion-baht investment on infrastructure mega projects as it will help reduce transportation costs and increase Thailand’s competitiveness in the long run.

President of Federation of Thai Industries (FTI) Phayungsak Chartsutipol said although the private sector supported the mega investment, it was concerned that the political situation might delay the spending.

The private sector wanted the government to implement the projects with transparency and accountability, the president added.

Meanwhile, PTTGC Chairman Prasert Bunsumpun said the projects on railroad would benefit the country’s competitiveness in the future while cutting transportation costs.


-- NNT 2013-10-19

[impulse]

And rocket manufacturers think it's a good idea to use taxpayer money to send someone to Mars.

No surprise here.

Edited October 19, 2013 by impulse

[Neilly]

BANGKOK, 19 October 2013 (NNT) - The private sector voices agreement with the government’s 2-trillion-baht investment on infrastructure mega projects as it will help reduce transportation costs and increase Thailand’s competitiveness in the long run.

Not sure about the 'competitiveness in the long run' bit...I do know it will probably bankrupt the country and future generations will be paying off this debt for decades

[h90]

I can't recall that someone asked our company, and I think no other companies were asked.

By the way the question should be: "would it improve Thailands competitiveness if we pay 2 Trillion more tax and get some trains in exchange."

"The private sector wanted the government to implement the projects with transparency and accountability, the president added."

I want some hot ice cream.

[h90]

BANGKOK, 19 October 2013 (NNT) - The private sector voices agreement with the government’s 2-trillion-baht investment on infrastructure mega projects as it will help reduce transportation costs and increase Thailand’s competitiveness in the long run.

Not sure about the 'competitiveness in the long run' bit...I do know it will probably bankrupt the country and future generations will be paying off this debt for decades

Or the companies have to pay a lot more taxes which isn't good for competitiveness.

[soi41]

For the good of the country!!

Or in other words: We want our slice of the cake!

"No, no soi41, we are only concerned about the common good."

[NongKhaiKid]

Yes an investment is good for the country but that's too simple a statement for Thailand as the amount first stated is well watered down before it actually gets used since there are pockets to be lined and the government needs cover to fund it's failed populist policies.

Once again this is a case of saying the right things for public consumption.

[Ricardo]

The problem is, that the massive proposed 50-year investment will only help lower transport-costs & improve competitiveness, if the money isn't syphoned-off in bribes and corruption.

This will surely require a modicum of culture-change ?

[chainarong]

The private sector should be rubbing their hands with glee, more projects open for corruption , that's why the expat business community has there own corruption commission , this is a simplistic comment, putting everyone into the same basket, most Thai business people are worthy of their salt, however some of their parliamentary , business leaders are of suspicious character and a 2.2tn Bht investment will not only improve competitiveness it will also improve the bottom line in some off shore bank accounts, the bottom line of the countries coffers could also be in trouble with possible loan default.

[Thai at Heart]

Private sector reckons that 2tn x 30% is damn good for business.

[LarryBird]

No one's said anything about America yet. Uhm, one time, someone in America did something corrupt, so , uhm, it's not that bad in Thailand, and uhm, you don't appreciate Thailand so leave.

[h90]

The private sector should be rubbing their hands with glee, more projects open for corruption , that's why the expat business community has there own corruption commission , this is a simplistic comment, putting everyone into the same basket, most Thai business people are worthy of their salt, however some of their parliamentary , business leaders are of suspicious character and a 2.2tn Bht investment will not only improve competitiveness it will also improve the bottom line in some off shore bank accounts, the bottom line of the countries coffers could also be in trouble with possible loan default.

Well I won't receive more orders, or if than maybe a few hundred Baht for spare parts. But I'll fully pay the higher taxes that will result from it, as the 2 Trillions won't grow on trees. But as I told before no one asked me and I doubt anyone was ever asked.

[Thai at Heart]

No one's said anything about America yet. Uhm, one time, someone in America did something corrupt, so , uhm, it's not that bad in Thailand, and uhm, you don't appreciate Thailand so leave.

Larry, your logic is outstanding.

America has corruption, so it's OK for Thailand to have corruption. Does the rationale extend to other things such as, as, paedophiles? Or drug smugglers, wife beaters?

[arthurboy]

This kind of rhetoric is utterly bogus.

Based on an obvious, stated causality and an equally stated, yet naive, expected effect - investment now = future improvement - Khun Phayungsak - yes, I know what he said - avoids the usual three elephants in the room: where is the money going to come from; how will it be paid back and how much will the over arching reality of corruption demand?

[LarryBird]

No one's said anything about America yet. Uhm, one time, someone in America did something corrupt, so , uhm, it's not that bad in Thailand, and uhm, you don't appreciate Thailand so leave.

Larry, your logic is outstanding.

America has corruption, so it's OK for Thailand to have corruption. Does the rationale extend to other things such as, as, paedophiles? Or drug smugglers, wife beaters?

It was a joke, dingleberry.

[Baerboxer]

I can't recall that someone asked our company, and I think no other companies were asked.

By the way the question should be: "would it improve Thailands competitiveness if we pay 2 Trillion more tax and get some trains in exchange."

"The private sector wanted the government to implement the projects with transparency and accountability, the president added."

I want some hot ice cream.

Is your company a member of the FTI ?

It doesn't say a survey was taken it implies this is the view of the FTI members voiced by its president.

Would you expect a quasi government body to really say anything different ?

[hellodolly]

"President of Federation of Thai Industries (FTI) Phayungsak Chartsutipol said although the private sector supported the mega investment, it was concerned that the political situation might delay the spending.

The private sector wanted the government to implement the projects with transparency and accountability, the president added."

I doubt that the FTI took a poll that is the words of an ill informed man on the way the Thai Government does business.

He is talking about a government that has lost billions of baht on a rotten rice deal and to get rid of it . Are G2G deals open to the public. Now this clown wants to hand them 2.2 trillion baht and expects them to be transparent with it.

Part of the plan is to build a high speed train from Bangkok to Chiang Mai. The left out part is the bill expects private enterprise to pay and do over 2/3s of the work. Is he standing in line with his money to finance the longest and most difficult part of the project? the whole plan is nothing but a new way for politicians and their co conspirators to line their pockets with the money from are as yet unborn grandchildren.

Can some one give me the link Phayungsak Chartsutipol has to the PTP?

[steveyinasia]

The only competitiveness this will improve is that of the politicians racing out and buying a better car, house, pool, holiday, mistress etc than there counterparts in other ministries.

[marcusd]

I can't recall that someone asked our company, and I think no other companies were asked.

By the way the question should be: "would it improve Thailands competitiveness if we pay 2 Trillion more tax and get some trains in exchange."

 

"The private sector wanted the government to implement the projects with transparency and accountability, the president added."

 

I want some hot ice cream.

well its bloody obvious isn't it?

You are NOT Shincorp shiioing drugs and so forth from the north!

Come on...no need to ask anyone else.

Sent from my RM-892_apac_laos_thailand_219 using Tapatalk

[SjaakNL2013]

I agree that a good railroad system would benefit the country, but it would be better if they make the existing railroads wider and better. The tracks are to narrow for secure transport with higher speeds.

In my view is there no need for a train who race 250 km/h or more. A good 2 track system that is capable to have trains up to 120 km/h can be build on existing railroads.

And the main schedule would be in day time passengers and in night time freight trains.

[LarryBird]

I agree that a good railroad system would benefit the country, but it would be better if they make the existing railroads wider and better. The tracks are to narrow for secure transport with higher speeds.

In my view is there no need for a train who race 250 km/h or more. A good 2 track system that is capable to have trains up to 120 km/h can be build on existing railroads.

And the main schedule would be in day time passengers and in night time freight trains.

But they can't brag about that!

[Local Drunk]

Ahhh... the train Olympics: Thailand wants to run before it can walk.

[h90]

I can't recall that someone asked our company, and I think no other companies were asked.

By the way the question should be: "would it improve Thailands competitiveness if we pay 2 Trillion more tax and get some trains in exchange."

"The private sector wanted the government to implement the projects with transparency and accountability, the president added."

I want some hot ice cream.

Is your company a member of the FTI ?

It doesn't say a survey was taken it implies this is the view of the FTI members voiced by its president.

Would you expect a quasi government body to really say anything different ?

Our company is member of the "private sector". The article says "the private sector believes....." not the members of FTI believe.

It is just nonsense....

[h90]

I agree that a good railroad system would benefit the country, but it would be better if they make the existing railroads wider and better. The tracks are to narrow for secure transport with higher speeds.

In my view is there no need for a train who race 250 km/h or more. A good 2 track system that is capable to have trains up to 120 km/h can be build on existing railroads.

And the main schedule would be in day time passengers and in night time freight trains.

250 is hardly race speed...fast trains are in the 400-500 km/h.

If you want to transport people on the same tracks you need at least 160-180 km/h to be competitive against bus and airplane.

(160-180 sounds fast, but is pretty slow if you have many stops in train station and if you have to reduce speed in many places)