NCPO aims to push ahead with its reform roadmap

BANGKOK, 27 August 2014 (NNT) - Air Chief Marshal Prajin Juntong has stated that the National Council for Peace and Order (NCPO) will spare no efforts restoring investors' confidence and the nation’s economy.

The Air Force chief and Deputy NCPO chief yesterday made an announcement at the Thailand Focus 2014 fair that the NCPO would move the country forward based on its three-stage roadmap.

So far the NCPO has already created a provisional constitution and a National Reform Council as well a National Legislative Assembly (NLA) based on its second stage of the roadmap to form an interim government.

When that phase is completed, the NCPO would push forward for a democratic election by 2015 and carry out mega-infrastructure projects, said ACM Prajin.

He voiced his confidence that, should all the NCPO’s plans be successful, the Thai economy would have the potential to grow by 2 percent this year and up to 3-4 percent next year.


-- NNT 2014-08-27

The big difference between this coup and the previous one is this time they are really serious about the economy.

Which makes me wonder who really is behind the generals this time.

Edited August 27, 201411 yr by JohnnyJazz

Central bank governor predicts Thai economy may grow 5 percent next July



BANGKOK: -- Thailand’s economic growth next July is likely to register 4.5-5 percent increase thanks to its stable fundamentals, said Bank of Thailand governor Prasarn Trairatworakul in his address at Thailand Focus 2014 seminar today.

Despite the sound fundamentals, he said that growth rate for this year might register 1.5 percent but there was a possibility that the rate would increase to 2 percent if the economy was stimulated with the implementation of populist projects for the rest of the year.

He,however, noted that economic stimulation should not cause budgetary burden as it could be done through investment, speedy approval of investment projects by the Board of Investment and speedy budgetary spending.

Mr Prasarn said that although household debts are high up to 83 percent of the GDP, they are not a matter of serious concern as household debts have started to decline since last year.

The central bank, said the governor, would keep a close watch on external factors such as whether the United States would decrease the QE measure or not which may affect liquidity problem in Thailand or cause capital outflow.

(Photo: ThaiPBS file)

Source: http://englishnews.thaipbs.or.th/central-bank-governor-predicts-thai-economy-may-grow-5-percent-next-july/


-- Thai PBS 2014-08-27

Easy to say, they love making statements to justify how clever they are.

wait for the forecasts to be downgraded as what happened this year,

So far the NCPO has already created a provisional constitution and a National Reform Council(?) as well a National Legislative Assembly (NLA) based on its second stage of the roadmap to form an interim government.

No they haven't. They have had 1,907 people register for the NRC out of an expected 3000. These numbers have still to be whittled down to provide the actual NRC numbers of 250. Once that is done they can start reforming but to say the junta have created an NRC is disingenuous to the extreme.

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The big difference between this coup and the previous one is this time they are really serious about the economy.

Which makes me wonder who really is behind the generals this time.

Same as last time

The NCPO was formed to carry out reforms, so lets get on with it and less media stops and a judgement can be made when you are finished.

There are two kinds of people who make economic predictions:

1. Those who know they don't know what they are talking about; and

2. Those who don't know they don't know what they are talking about.

The big difference between this coup and the previous one is this time they are really serious about the economy.

Which makes me wonder who really is behind the generals this time.

Which makes me wonder who really is behind the generals this time.

68 million people - a 7% minority group my friend.

<EDIT> Plus an 800 000 LEGAL foreign work force that now have rights in the country they work in ergo Amnesty International as well.

Edited August 27, 201411 yr by djjamie

I'm afraid that the people who replied my post didn't really understand it.

They should first refresh their memory on what were the first decisions in matter of economy of the post 2006 coup government and then compare to the present situation.

Seems to me the NCPO could have skipped the second phase as it holds absolute power over the NRC and NLA, and a lot more can be decided more quickly by the smaller NCPO. Then the second stage would become the democratic election by 2015, followed by the third stage - the 14th coup.

Seems to me the NCPO could have skipped the second phase as it holds absolute power over the NRC and NLA, and a lot more can be decided more quickly by the smaller NCPO. Then the second stage would become the democratic election by 2015, followed by the third stage - the 14th coup.

Could have skipped? What's next, you suggesting the NCPO just continues and forget about reforms and elections?