webfact Posted January 28, 2015 Share Posted January 28, 2015 Deputy PM: IMF happy with govt economic plansBANGKOK, 28 Jan 2015 (NNT) - The International Monetary Fund (IMF) has lauded the government’s economic plans for this year, according to the Deputy Prime Minister for economic affairs.Speaking after a meeting with the IMF’s representative, Deputy PM M.R. Pridiyathorn Devakula disclosed that economy-boosting schemes this year were found to correspond with most of the IMF's suggestions.M.R. Pridiyathorn also revealed that the IMF commended the government for its improvement in spending plan and its attempt to review its tax policy, particularly the adjustment of excise tax collection for petrol.The Deputy Premier also took the opportunity to defend the government’s new tax schemes, including the planned taxation of property owners and the tax raise as well as the bid to push up the country’s export,which was showing a slow progress.Regarding the tax schemes, the Deputy Premier said the expansion of tax collection to new groups of payers and the tax increase were actually intended to solve the social gap and to offset the government’s spending.As for the sluggish export, the Deputy Premier confirmed that the Ministry of Commerce had done its best, adding that the country’s major customers such as the US, Japan and China were facing an economic slowdown. The Ministry of Commerce, meanwhile, is looking for new markets in the Middle East, South Asia and Africa.-- NNT 2015-01-28 Link to comment Share on other sites More sharing options...
Popular Post Thailand Posted January 28, 2015 Popular Post Share Posted January 28, 2015 Yet another comment on behalf of somebody else. I wonder if the IMF actually said that? 6 Link to comment Share on other sites More sharing options...
ChrisY1 Posted January 28, 2015 Share Posted January 28, 2015 It's nothing but good news every day!...........how nice of the IMF..... 1 Link to comment Share on other sites More sharing options...
chotthee Posted January 28, 2015 Share Posted January 28, 2015 Not only countries accepted Thai style democracy. Even IMF too. Thanks Prayuth. Link to comment Share on other sites More sharing options...
Noi657 Posted January 28, 2015 Share Posted January 28, 2015 Anybody got a link to the new tax schemes and property tax? Link to comment Share on other sites More sharing options...
Diplomatico Posted January 28, 2015 Share Posted January 28, 2015 (edited) Edit. Edited January 28, 2015 by Diplomatico Link to comment Share on other sites More sharing options...
rubl Posted January 28, 2015 Share Posted January 28, 2015 Wait and see, but at least the IMF would like the lack of financial unsustainable projects and policies. 1 Link to comment Share on other sites More sharing options...
Pib Posted January 28, 2015 Share Posted January 28, 2015 This is indeed Happyland. Link to comment Share on other sites More sharing options...
Squeegee Posted January 28, 2015 Share Posted January 28, 2015 Isn't the US economy supposed to be improving? Obama claimed it was growing faster than most other countries right? Yet the Thais say otherwise. Anyway, the point is sluggish exports are other people's fault.... And why is it the Thais always tell us what other people say without us ever hearing those other people say it themselves? 2 Link to comment Share on other sites More sharing options...
iReason Posted January 28, 2015 Share Posted January 28, 2015 (edited) Not only countries accepted Thai style democracy. Even IMF too. Thanks Prayuth. Yup. Thai style democracy. I'll agree with that. As for junta propaganda from the government NNT agency? No. Edited January 28, 2015 by iReason 1 Link to comment Share on other sites More sharing options...
djjamie Posted January 28, 2015 Share Posted January 28, 2015 I have a lot of respect for the IMF. They usually get it right. November 12th, 2013 - The IMF said the government's agreement to pay about 40% above market prices for rice would make losses "inevitable," and a 410 billion fund to pay for the rice scheme was unlikely to contain all the losses. Of course the PTP disagreed with that report (turned out to be correct) and IMF joined the list of entities that were demonized by the PTP supporters. The most popular PM in the last decade is showing some promise. Unless we refer to elections 4 years ago to judge popularity!!!! Link to comment Share on other sites More sharing options...
chainarong Posted January 28, 2015 Share Posted January 28, 2015 <script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script> Yet another comment on behalf of somebody else.I wonder if the IMF actually said that? I am not sure this would be quite correct, in a system where the Prayuth -O -Cha transparency is main guide and true transparency is on hold can you believe anything that is said. 2 Link to comment Share on other sites More sharing options...
NongKhaiKid Posted January 28, 2015 Share Posted January 28, 2015 Isn't the US economy supposed to be improving? Obama claimed it was growing faster than most other countries right? Yet the Thais say otherwise. Anyway, the point is sluggish exports are other people's fault.... And why is it the Thais always tell us what other people say without us ever hearing those other people say it themselves? It seems that in a meeting with Thai officials they look for anything they can pass off as agreement, support etc so even a simple pleasant or courteous word will taken beyond was the speaker means and passed off to suit local propaganda. For example : saying " I see / understand ( what you have said ) but without adding accept / agree / but etc. is enough and passed off in a positive light. 1 Link to comment Share on other sites More sharing options...
Kooweerup Posted January 28, 2015 Share Posted January 28, 2015 What has the IMF to say about this, are they even aware of it. Thailand just loves making media releases on behalf of others. The propaganda machine at work again. I wouldn't believe a single word this junta spews out and would rather hear from the actual person or organisation. The Junta has been caught out lying over and over again and have totally lost ALL credibility. 2 Link to comment Share on other sites More sharing options...
emilymat Posted January 29, 2015 Share Posted January 29, 2015 I do not have a dictionary to hand. What exactly does 'lauded' mean?. I know in general, but where does it differ from using the word 'endorse' or suchlike?. These statements drive me crazy! Link to comment Share on other sites More sharing options...
chickenslegs Posted January 29, 2015 Share Posted January 29, 2015 I do not have a dictionary to hand. What exactly does 'lauded' mean?. I know in general, but where does it differ from using the word 'endorse' or suchlike?. These statements drive me crazy! http://dictionary.cambridge.org/dictionary/british/laud?q=lauded Praised Link to comment Share on other sites More sharing options...
emilymat Posted January 29, 2015 Share Posted January 29, 2015 I do not have a dictionary to hand. What exactly does 'lauded' mean?. I know in general, but where does it differ from using the word 'endorse' or suchlike?. These statements drive me crazy! http://dictionary.cambridge.org/dictionary/british/laud?q=lauded Praised Thanks chickenlegs. You see my point, the IMF are not simply 'satisfied' or 'pleased to note' that Thailand have taken on it's suggestions but they are praised for doing so. Pedantic, maybe! but another illustration of beefing up the outside reaction. Link to comment Share on other sites More sharing options...
rickirs Posted January 29, 2015 Share Posted January 29, 2015 It’s probably more like the IMF lauded the government’s economic plans for this year and next to even exist. Recently on January 21st IMF predicted: 1) slower growth in ASEAN’s five largest economies in 2015 by 0.2% due to an expected slowdown in China 2) ASEAN-5 economies will expand lower than 5.4% in 2016 than previously forecast. 3) China will hurt its Asian key trading partners in 2015 Thailand cannot not avoid the IMF predicted downturn, no matter its tax planning and other economic hopes. The anti-government protests and military coup stalled the economic momentum in 2013 started by the Yingluck administration in 2012, and the lack of any meaningful and quick economic stimulus by the coup-led government failed to sustain that momentum going into 2015. By April 2015 we’ll know what the balance of 2015 will bring. And it's not going to be optimistic. Link to comment Share on other sites More sharing options...
freedom4life Posted January 29, 2015 Share Posted January 29, 2015 (edited) Any relationship with the IMF is nothing short of dangerous for any country's domestic policies on economic issues...what's the matter Thailand, do you owe this criminal NGO money? Why should Thailand be concerned with whether the IMF is happy or not? What are the economic plans for Thailand? Idiots. Edited January 29, 2015 by freedom4life Link to comment Share on other sites More sharing options...
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