Thai PM confident next year's growth 3.5-4.5%

[webfact]

PM confident next year's growth 3.5-4.5%



BANGKOK: -- Prime Minister Prayut Chan-ocha on Monday expressed confidence that economic growth next year is expected at between 3.5 and 4.5 percent next year.

He based his confidence of the growth to improvement in investors’ confidence.

During a special lecture on investment promotion strategies, General Prayut said although the country’s economy was recovering and improving but it still not rise to the point of satisfaction.

But he said now businesses are expected to request incentives for investment projects worth more than 700 billion baht this year.

Meanwhile, the number of foreign tourists arrivals is expected to reach 25 million this year, and rise to 27 million next year.

Investment in transport infrastructure and various measures for the agriculture sector are expected to also contribute to the GDP growth next year, he said.

All these would help bolster the growth, he said.

Gen Prayut also said as the country was becoming more orderly and cleaner, he asked all Thais to make sacrifices and cooperate with the reform drive, while refraining from instigating conflicts.

Source: http://englishnews.thaipbs.or.th/pm-confident-next-years-growth-3-5-4-5


-- Thai PBS 2014-12-16

[ikke]

Strange he seems to be the only one confident in expectations....

[khwaibah]

You head it here as Dear Leader has spoken. SET down -42.37 at posting.

Edited December 16, 2014 by khwaibah

[NeverSure]

I'm confident of some things too.

[HiSoLowSoNoSo]

I would love to have the same brand of crystal ball, can you buy them at Chatuchak market?

[tbthailand]

what a joker. He's really not an economist, is he?

no doubt the economy will do better next year, but not due to 'improved investor confidence' which is not a driver of the economy - it will do better without protests and an 'intervention'.

[Thailand]

George W Bush is a genius and a great orator!

[chotthee]

You head it here as Dear Leader has spoken. SET down -42.37 at posting.

Unconfirmed rumour is that Thaksin dump the market to make the Supreme leader Thai Junta General Prime Minister Prayuth look bad.

Once Thaksin stop selling, the Thai economy will grow 3.5-4% next year.

[deckape]

I still think the current administration should hire a native English speaker to provide the news services with press releases. That's at the very least....if they were smart a western PR agency would be hired to help with their *ahem* image problem.

And yes I know it is more than just an image problem, but these clowns make everything so, so much worse every time one of these tinglish articles is written.

[terryp]

going to go down in thai his-story as a fool who made too many promises

[kurnell]

Didn't I just read tourism is down by 20% in December?

[angiolo]

JUST WORDS .. No actions

[NongKhaiKid]

From army general to PM then international statesman and now economist. What's next ?

The talented Mr. Ripley indeed.

[FangFerang]

You head it here as Dear Leader has spoken. SET down -42.37 at posting.

Unconfirmed rumour is that Thaksin dump the market to make the Supreme leader Thai Junta General Prime Minister Prayuth look bad.

Once Thaksin stop selling, the Thai economy will grow 3.5-4% next year.

Yes, and other 'rumour' that Thai on farang forum say "mune made of green cheese", "irth is flat", "universe make in seven 24 day", "world is not hour Father" . and "earth girls are ieazy".

Nicely failed try. You type engrish with Tie axent.

Edited December 16, 2014 by FangFerang

[JOC]

You head it here as Dear Leader has spoken. SET down -42.37 at posting.

Unconfirmed rumour is that Thaksin dump the market to make the Supreme leader Thai Junta General Prime Minister Prayuth look bad.

Once Thaksin stop selling, the Thai economy will grow 3.5-4% next year.

Meanwhile.......................On Planet Earth......................

BTW, did I mention, that the RTP has been rewarded The Best Policeforce In The World Award??

[Alwyn]

You head it here as Dear Leader has spoken. SET down -42.37 at posting.

Unconfirmed rumour is that Thaksin dump the market to make the Supreme leader Thai Junta General Prime Minister Prayuth look bad.

Once Thaksin stop selling, the Thai economy will grow 3.5-4% next year.

Yes, if you haven't heard a rumour by mid-day, start one, right?

[Alwyn]

Was that the fearless leader I just saw skipping along the yellow brick road on his own?

[ezzra]

Words are cheap, more 'gifts' to the Thai people, I predict, I foresee, I envision.. blah blah blah

no one will hold him accountable to any of those micky mouse predictions...

[elgordo38]

what a joker. He's really not an economist, is he?

no doubt the economy will do better next year, but not due to 'improved investor confidence' which is not a driver of the economy - it will do better without protests and an 'intervention'.

Consumers are tapped out and banks are tightening lending regulations. Financial hangover year 2015

[yellowboat]

He said previously that there will be winners and losers when there is change. We will see how these changes, or lack of, will effect him and the Junta.

[Suffinator]

Isn't the government about to release the updated version of the Foreign Business Act? Ok well if he's scrapped the 51% thai ownership protectionist clap-trap he might just be able to achieve that type of growth.

Anything less will likely be a fairly tale.

[Eric Loh]

Here lay the dilemma of a junta PM in that he is limited in his travels and discuss trade with most developed economies.

[tullynagardy]

He based his confidence of the growth to improvement in investors’ confidence.

FDI is down a staggering 38% yet this clown says investors confidence is up!?

http://www.nasdaq.com/article/thailands-tiger-economy-is-no-longer-roaring-cm414521

He is literally making a fool of himself daily at this stage.

[trainman34014]

And what do his mates Goofy and Donald think ?

[dutchisaan]

And he is eaying this because in a few weeks Thailand is a part of asean?

Sent from my iPad using Thaivisa Connect Thailand mobile app

[fobuff]

The Great Leader has spoken (again)... It will happen

[cmsally]

Looks like he has been playing in the fortune cookie jar this morning !

[dean008]

surround yourself with yes men and they will tell you what you want to hear, surely you know that

[pantareiyingluck]

For me it sounds like Yingluck is speaking about army helicopter maintenance and the metal fatigue on rotor blades. Which does not give me much confidence.

[janpoo]

The new Einstein is born. But thanks for all the new years gifts to the Thai people!!!!!!!!! IDIOT