Thai Cabinet considers economic stimulation measures

[webfact]

Cabinet considers economic stimulation measures
By Digital Content



BANGKOK, Oct 1 -- Economic stimulation measures were proposed to the cabinet at today's meeting chaired by Prime Minister Gen Prayut Chan-o-cha.

Deputy Prime Minister Pridiyathorn Devakula who proposed them believed they will expand the national economy by 4-5 per cent next year.

Mr Pridiyathorn said the measures would focus on creating jobs and increasing the public's purchasing power.

They will also result in active investment in public utilities, hospitals, schools and transport systems.

About Bt149 billion of the investment will come from earlier unspent budgets.

The economic stimulation measures also include fast approval for investment projects worth over Bt400 billion earlier proposed to seek promotional privileges from the Board of Investment (BoI).

Besides, the government will organize bidding contests next year to invite the private sector to invest in eight electric railway projects.

They are also included in the economic stimulation measures.

The cabinet will also consider a 2 billion baht Ministry of Agriculture and Agricultural Cooperatives project for immediate economic stimulation. Under the project, the ministry will create jobs in non-irrigated rural areas and implement agricultural zoning plans. (MCOT online news)


-- TNA 2014-10-01

[NongKhaiKid]

Just received a news text saying the govt will add on an extra holiday at new year to encourage tourism.

[Lupatria]

No need the wristband and electronic tracking device industry is headed for a prosperous future already

[chainarong]

The only stimulation measures that I can think of that would bring Thailand's economy in at 4-5 per cent next year is an electric vibrator , now whom they use it on and how they use it is entirely up to them, other than that as far as predicting, the rest is B/S.

[webfact]

ECONOMY
Cabinet considers economic stimulation measures

BANGKOK: -- Prayuth cabinet meeting on Wednesday approved economic stimulation measures to create job and increase public's purchasing power.

The package was proposed by Deputy Prime Minister Pridiyathorn Devakula out of belief that they will expand the national economy by 4-5 per cent next year.

The measures would focus on creating jobs and increasing the public’s purchasing power, Pridiyathorn said.

They will also result in active investment in public utilities, hospitals, schools and transport systems.

About Bt149 billion of the investment will come from earlier unspent budgets.

The economic stimulation measures also include fast approval for investment projects worth over Bt400 billion earlier proposed to seek promotional privileges from the Board of Investment (BoI).

Besides, the government will organize bidding contests next year to invite the private sector to invest in eight electric railway projects.

They are also included in the economic stimulation measures. The cabinet will also consider a Bt2 billion-Agriculture Ministry project for immediate economic stimulation. Under the project, the ministry will create jobs in non-irrigated rural areas and implement agricultural zoning plans.

Source: http://www.nationmultimedia.com/politics/Cabinet-considers-economic-stimulation-measures-30244536.html


-- The Nation 2014-10-01

[mikemac]

The only stimulation measures that I can think of that would bring Thailand's economy in at 4-5 per cent next year is an electric vibrator , now whom they use it on and how they use it is entirely up to them, other than that as far as predicting, the rest is B/S.

If the Prime Minister reads your comment I have a fair idea who he would like to use the electrical appliance on !

[salavan]

these guys seem to know what they are doing pity we didnt have them running the uk economyinstead of the educated idiots we got now

[chotthee]

Why are they using cheap microphones and small plasma TV without a proper stand?

[ratcatcher]

Why are they using cheap microphones and small plasma TV without a proper stand?

Because that was the best and cheapest deal at Big C. Why do you ask? These guys are economizering.

[Thailand]

It would appear that many things are taking the shape of a pear.

[ratcatcher]

It would appear that many things are taking the shape of a pear.

It would seem so. One can only hope that it's a nice pear.

Edited October 1, 2014 by ratcatcher

[jesimps]

these guys seem to know what they are doing pity we didnt have them running the uk economyinstead of the educated idiots we got now

We don't do military dictatorships in the UK. Good or bad we give democracy a chance.

[joecoolfrog]

Salavan

So you know the current and proposed UK growth figures do you ? So how do they compare with most of Europe and indeed Thailand ?

[Denim]

It would appear that many things are taking the shape of a pear.

It would seem so. One can only hope that it's a nice pear.

pear-shape-bikini.png

As in tits up ?

[Robert2006]

Does economic stimulation work in Thailand the same way it’s done in the west?

In the west the gentlemen that own the private companies called central banks start the “stimulation” process by creating money out of thin air. Isn’t that nice of them, it’s really a lot of work typing the numbers on that computer keyboard. After all that exhausting work these gentlemen are then kind enough to loan their new money to the government, at interest of course.

The government is then nice enough to loan that money to people with “connections”. Connections means these people understand that through the “stimulation” process fee’s will have to be generated for their “friends” that’s OK it’s just “business”.

The connected are then kind enough to create projects that employ some people in the country.

In a finale binge of money lust the loan, the money created from nothing, the money out of thin air, the now defined “government debt”, is paid back to the gentlemen, by the peasants, the common men and women. Too bad the peasants couldn’t just create some “money out of thin air” like the gentlemen and pay off the loan. But unfortunately the peasants do not enjoy the refinement and sophistication of the gentlemen; the peasants can only sell their labor each day and pay income taxes to repay the gentlemen. It’s a wonderful system whenever there is a problem the gentlemen will always “help” us out.

[Thai at Heart]

these guys seem to know what they are doing pity we didnt have them running the uk economyinstead of the educated idiots we got now

Are you delusional. GDP growth in the UK is running along very nicely. Jobs are being created. What would you like. More borrower stimulus in the UK?

[MJP]

Here's one stimulus measure to condsider. Spend a load on DNA testing.