webfact Posted November 24, 2014 Share Posted November 24, 2014 Gov't to implement four economic strategiesBy DigitalCHIANG RAI, Nov 24 -- The Thai government will implement four economic strategies aimed at building confidence among both domestic and foreign investors to stimulate Thailand’s economy, Commerce Minister Gen Chatchai Sarikulya said yesterday.Speaking at a nationwide chambers of commerce seminar held in the northernmost province of Chiang Rai, Gen Chatchai said that the four strategies are building competitiveness for the Thai economy through restructuring the country's production framework, restructuring toward the new industrial era, adjusting high value service sector and accelerating investment on basic infrastructure projects, especially in the transportation sector, as well as adjusting the logistics system aimed at reducing costs to 13 per cent from 15 per cent against the gross domestic product.He said the government would adjust energy prices next year to reflect actual global prices, which would affect the public minimally.The government would also cooperate with the private sector in developing a basic digital framework to enable Thailand to become more competitive at the international level, said Gen Chatchai.The economic environment will have to be improved and the country must be more developed to become a gateway for ASEAN.The second strategy calls for revamping the country’s education system so that it could answer to present and future economic problems, he said.Reform for both the government and state enterprise sectors is contained in the third strategy while the last one focuses on elimination of corruption and creating transparency in business, Gen Chatchai said.The government plans to invite the private sector into a business partnership having synergy with neighbouring countries, especially ASEAN members.The government will stimulate the country’s economy through speeding 2015 fiscal budget disbursements and will spend more than Bt320 billion to help farmers and agriculturalists, he said.The Board of Investment has approved promotional privileges for 380 investors with combined investment of Bt429 billion, Gen Chatchai, adding that he is optimistic that the country’s economy would start recovering in early 2015. (MCOT online news)-- TNA 2014-11-24 Link to comment Share on other sites More sharing options...
NeverSure Posted November 24, 2014 Share Posted November 24, 2014 Oh good. They're going to revamp the education system. Develop a "basic" digital framework. Restructure toward the new industrial era. A little late since the industrial revolution started in the 1700's and went to the mid 1800's. But It's never too late. Link to comment Share on other sites More sharing options...
kotsak Posted November 24, 2014 Share Posted November 24, 2014 My favourite gesture when I read such news.. Link to comment Share on other sites More sharing options...
Commerce Posted November 24, 2014 Share Posted November 24, 2014 My favourite gesture when I read such news.. FREAK! Link to comment Share on other sites More sharing options...
noitom Posted November 24, 2014 Share Posted November 24, 2014 General Chatchai isn't saying anything the Thais haven't always said before. Big broad "content free" initiatives that have no meat and potatoes. Like a big flatulence. Link to comment Share on other sites More sharing options...
retarius Posted November 24, 2014 Share Posted November 24, 2014 Sounds like a McKinsey presentation that they paid millions of dollars for. I don;t want to be cynical but what on earth does this mean? "four strategies are building competitiveness for the Thai economy through restructuring the country's production framework, restructuring toward the new industrial era, adjusting high value service sector and accelerating investment on basic infrastructure projects, especially in the transportation sector, as well as adjusting the logistics system aimed at reducing costs to 13 per cent from 15 per cent against the gross domestic product." It's just a pile of management speak meaning nothing concrete....restructuring towards the new industrial era? What new industrial era? The only plans that make any sense at all are those which specify who does what, by when. These 10,000 feet 'strategic visions' are worse than useless. 1 Link to comment Share on other sites More sharing options...
Squeegee Posted November 24, 2014 Share Posted November 24, 2014 When I was 7 years old I also played with pens, pretending I was doing what adults do wearing suits in offices. Really, I had no idea what adults do wearing suits in offices, and these days I firmly believe neither do the Thais. Link to comment Share on other sites More sharing options...
Boxclever Posted November 24, 2014 Share Posted November 24, 2014 That's nothing different from the last governments strategies!! This junta has absolutely nothing to contribute. Link to comment Share on other sites More sharing options...
Emster23 Posted November 24, 2014 Share Posted November 24, 2014 How about these ideas? 1. Let free market set prices 2. Allow questions to be asked in schools (not label those who dare "troublemakers"?) 3. tell us what "high value service sector" means? Bar girls? Amazing to get any service imho 4. repair existing infrastructure (rail etc) before blowing money on system that won't be maintained 5. make laws international business friendly (contrary to proposals made last week) Those are just for openers. Might want to add mandatory economics classes for those who decide strategy for economic policy.... Nah, can't have that Link to comment Share on other sites More sharing options...
BestBitterPhuket Posted November 24, 2014 Share Posted November 24, 2014 How about these ideas? 1. Let free market set prices 2. Allow questions to be asked in schools (not label those who dare "troublemakers"?) 3. tell us what "high value service sector" means? Bar girls? Amazing to get any service imho 4. repair existing infrastructure (rail etc) before blowing money on system that won't be maintained 5. make laws international business friendly (contrary to proposals made last week) Those are just for openers. Might want to add mandatory economics classes for those who decide strategy for economic policy.... Nah, can't have that Exactly! Link to comment Share on other sites More sharing options...
PaullyW Posted November 24, 2014 Share Posted November 24, 2014 I think I can safely speak for most of us foreigners (Westerns and East Asians, in particular) when I say that of the few things that Thais seem to excel at, one of them is absolutely talking themselves up and using big words and flowery language whilst having no understanding at all of what they are saying. Link to comment Share on other sites More sharing options...
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