webfact Posted June 26, 2014 Share Posted June 26, 2014 Finance Min confirms economic revival in MayBANGKOK, 27 June 2014 (NNT) – The Fiscal Policy Office (FPO) under the Ministry of Finance has reported an improvement in the overall economy in May as the easing political tension has allowed for growth in public spending and private investment.FPO Director Somchai Sujjapongse indicated that the Thai economy in May showed signs of recovery, thanks to the brighter political prospects. In line with the consumer confidence index of 60.7, the first increase in 14 months, domestic consumption expanded 0.1 percent and, in turn, helped push up revenue from value-added tax collections.As confidence was being restored, private investment in May also improved from the month before, especially in the construction sector. Meanwhile, public spending picked up the pace and more funds were disbursed to various projects after the political crisis had passed.Despite a decline in exports and the increasing inflationary pressure, Mr Somchai affirmed that the stability of the Thai economy would remain strong. He viewed the month of May as a transitional period, after which the economy would be able to move forward in full force.-- NNT 2014-06-27 Link to comment Share on other sites More sharing options...
noitom Posted June 26, 2014 Share Posted June 26, 2014 Thais are oblivious to the world economy. Link to comment Share on other sites More sharing options...
Popular Post Somtamnication Posted June 26, 2014 Popular Post Share Posted June 26, 2014 Everything will be positive from now on. I cannot wait! 4 Link to comment Share on other sites More sharing options...
NongKhaiKid Posted June 26, 2014 Share Posted June 26, 2014 Everything will be positive from now on. I cannot wait! Oh No, does this mean we can expect a raft of statements from TAT each more " positive ', read ridiculous, than the last ? Link to comment Share on other sites More sharing options...
Prbkk Posted June 26, 2014 Share Posted June 26, 2014 War is peace. Freedom is slavery. Ignorance is strength. 1 Link to comment Share on other sites More sharing options...
hanuman2543 Posted June 26, 2014 Share Posted June 26, 2014 (edited) Why I am not surprised? Sent from my i-mobile IQ XA using Thaivisa Connect Thailand mobile app Edited June 27, 2014 by hanuman2543 Link to comment Share on other sites More sharing options...
Pib Posted June 27, 2014 Share Posted June 27, 2014 Mr Somchai affirmed that the stability of the Thai economy would remain strong. Ok, if Somchai says so....Somchai knows best...just ask him. Link to comment Share on other sites More sharing options...
bushwacker Posted June 27, 2014 Share Posted June 27, 2014 1 month does not a trend make! Link to comment Share on other sites More sharing options...
AGareth2 Posted June 27, 2014 Share Posted June 27, 2014 Teflon Thailand Link to comment Share on other sites More sharing options...
Nickymaster Posted June 27, 2014 Share Posted June 27, 2014 War is peace. Freedom is slavery. Ignorance is strength. Whaaow .. that's deep dude! Link to comment Share on other sites More sharing options...
Nickymaster Posted June 27, 2014 Share Posted June 27, 2014 Please stop the good news. The parrot might not be able to take it anymore. Link to comment Share on other sites More sharing options...
Yme Posted June 27, 2014 Share Posted June 27, 2014 Awesome. The eight months of damage done by Suthep and his mob to the country was reversed in the seven days remaining in the month after the coup. l can't wait to see TAT proclaim a 1S% year-on-year increase in tourism and for Somchai or some other "all to eager to please" civil servant start foreecasg full year GDP growth of 3-5%. The lies continue. Same dog, different hair. Truly Miracle Thailand. Link to comment Share on other sites More sharing options...
englishoak Posted June 27, 2014 Share Posted June 27, 2014 Has TAT now been given control of Ministry of Finance then ? Link to comment Share on other sites More sharing options...
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