Prayut pledges to lead country to high income economy

BANGKOK: -- Prime Minister General Prayut Chan-o-cha said he would lead the country from middle income economy to high income economy by assisting farmers to sell their crops and push forward projects to lower their production cost.

He also said he would like the people to understand that the current economy slowdown was not caused by his government but it was merely a global situation that affected all countries.

Speaking at the annual assembly of the Federation of Thai Industries, the prime minister said that his government is working at its best to revive the domestic economy and is targeting to lead the country out from being a middle income economy to a high income nation.

This could achieved through providing more assistance to farmers, as well as increase the sales of Thai rubber to China and move forward with the potash mining project to cut the farmers’ farming cost in using fertilizers.

Gen Prayut also called for cooperation from the private sector to produce quality products with low prices for the people.

This could be done so if manufacturers could cut high packaging cost particularly on beautiful packaging, which he believed would be well received by the general public.

Gen Prayut said the current economic slowdown was not caused by his government but it was the global situation that all countries were affected.

But he pledged to drive the economy forward and also to solve grey business that has affected glass root people.

He also promised that the planned land and building tax will not exploit the people but will aim at collecting tax on unutilized lands which are in the hands of certain people.

However the bill would not be enforced unless public forum is held to sound out opinions.

In response, FTI President Suphan Mongkolsuthee has agreed with the government’s policy to produce low price quality goods, but informed that it should be done on specific groups of products and should be used as flagship products to penetrate into neighboring markets.

Source: http://englishnews.thaipbs.or.th/prayut-pledges-to-lead-country-to-high-income-economy

-- Thai PBS 2015-03-23

All words and no action!!

maybe this guy should study economics. Increasing income leads to higher cost of living. Just ask Yingluck how successful here 15K a month minimum was.

His speeches remind me of school essays my son wrote............................

.......................when he was 9 years old!!

Maybe he should study how Lee Kuan Yew did it for Singapore.

"He also promised that the planned land and building tax will not exploit the people but will aim at collecting tax on unutilized lands which are in the hands of certain people."

so tax unutilized land then not peoples primary residence

It seems Thailand is heading back towards being an agrarian economy once again. What about that golden goose called Tourism Industry - which by the way includes the transport industry, hotel and restaurant industry, service industries, entertainment? Those are substantial sources of income as well but have been decimated because the country is still under ML. Oh! Who cares about those sectors.

I think this is addressed to lotto sellers and rice planters.

>>This could be done so if manufacturers could cut high packaging cost particularly on beautiful packaging, which he believed would be well received by the general public.<< Quote

When I read stuff like this and consider, it is coming from the PM of a country, honestly I get embarrassed on his behalf!!

This guy is a disaster!!

You guys have a better idea, how ti fix this down going country? maybe you will search the post of prime minister, until the next election,

You seems to have the answer to everything. lol

Maybe he should study how Lee Kuan Yew did it for Singapore.

A lot of people would not like it if he did.

Maybe he should study how Lee Kuan Yew did it for Singapore.

Lee Kuan Yew was a dictator

You guys have a better idea, how ti fix this down going country? maybe you will search the post of prime minister, until the next election,

You seems to have the answer to everything. lol

Reduce corruption by:

1. Requiring transparency in government spending.

2. Implementing strict conflict of interest laws and financial disclosure laws, strictly enforced, that apply to all government personnel (military, judiciary, civil service, elected officials, etc.) in a position to influence government spending.

3. Mandating open competitive bidding for all government contracts.

4. Un-muzzling the press so it can be a true government watchdog.

Improve education by copying techniques used by other Asian countries that have effective education systems.

Reduce restrictions on foreign investment.

Improve infrastructure through-out Thailand, not just in Bangkok.

Put an end to the military coups that scare off investment.

None of the above would be easy to implement, and none would provide a quick fix, but if they were implemented the economy of Thailand would be significantly better off in a generation.

Edited March 23, 201511 yr by heybruce

What really worries me is the opening statement:

"Prime Minister General Prayut Chan-o-cha said he would lead the country from middle income economy to high income econom..."

Does he think he can doe this in one or two years, or is he announcing that he intends to stay in charge for a long time?

I am targetting to be a billionaire by next summer, but, this is being inhibited by a global slow down, but I will get assistance from my neighbours to by my excess product that they don't even know they want yet...

And they said Yingluck was all smiles and no substance.......strewth

Does anyone know any middle income rice farmers?

Why do I get the impression that he's out of his depth? With every utterance, it becomes increasingly evident that there is no credible forward traction at all, and that the country is just drifting rudderless - both politically and economically. This can only go on for so long before the ship eventually drifts onto the rocks.

Why do I get the impression that he's out of his depth? With every utterance, it becomes increasingly evident that there is no credible forward traction at all, and that the country is just drifting rudderless - both politically and economically. This can only go on for so long before the ship eventually drifts onto the rocks.

He has lots of guns. He can do whatever he likes

Well then - when there will be the first Brand-names and articles developed (not assembled!) in Thailand? Things that you can export and that bring revenue? Complex goods with a high vertical range of manufacture like japanese or korean or taiwanese products? Until then, Thailand will not be able to pay high wages and salaries IMHO.

Why do I get the impression that he's out of his depth? With every utterance, it becomes increasingly evident that there is no credible forward traction at all, and that the country is just drifting rudderless - both politically and economically. This can only go on for so long before the ship eventually drifts onto the rocks.

He has lots of guns. He can do whatever he likes

Like Kim Jong-un do you mean? Sure, why not. The peasants planting gaily inthe fields, the smiling children singing national jingoistic songs, the army marching in perfect order, and two flights a week in and out. What's not to like? Happy days!

Well then - when there will be the first Brand-names and articles developed (not assembled!) in Thailand? Things that you can export and that bring revenue? Complex goods with a high vertical range of manufacture like japanese or korean or taiwanese products? Until then, Thailand will not be able to pay high wages and salaries IMHO.

Thailand exports fish. Fish from boats manned by... Oops... Never mind.

Other ASEAN countries must be happy with this plan. When he pushes up prices tourism will drop and other places will reap these rewards.

Everyone is going to be rich, no more peasants or middle income just a country full of the wealthy. Quick hold an election you are on a winner here.

Everyone is going to be rich, no more peasants or middle income just a country full of the wealthy. Quick hold an election you are on a winner here.

And the answer was so simple. Just cut back on beautiful packaging. The man is a genius.

Prayut pledges to lead country to high income economy

Oh please. It will take a whole lot more than words. Might want to start with a complete revamp of the educational system and then be prepared to wait a generation, or two, for tangible results.

Other factors will also need to be addressed, including corruption, especially in the police and judicial system. And that's just for starters.

This guy really needs to get some good advisors.

Prayut pledges to lead country to high income economy

Oh please. It will take a whole lot more than words. Might want to start with a complete revamp of the educational system and then be prepared to wait a generation, or two, for tangible results.

Other factors will also need to be addressed, including corruption, especially in the police and judicial system. And that's just for starters.

This guy really needs to get some good advisors.

It's all a dog and pony show. Nobody has a genuine interest in reforming anything. If they had, it would be done. So you're right. They're just words.

Maybe he should study how Lee Kuan Yew did it for Singapore.

Lee Kuan Yew was a dictator

I think he said Western style democracy doesn't work in Asia. How true!

Why is the Iraqi information minister of first gulf war springing to mind?

Ha ha

Welp, he said it, so it will be done. Forget how, just heavy hand it into existence. Because that's how an economy works.

High income economy, YES but for whom ?

I'm keeping my thoughts on that to myself.