NCPO wins private sector’s approval

[Lite Beer]

NCPO wins private sector’s approval

BANGKOK, 23 May 2015 (NNT) – The private sector has voice its approval of the economic performance of the National Council for Peace and Order (NCPO), despite Thailand's ongoing economic slowdown.

Speaking about the government’s attempts to strengthen the economy, the President of the Federation of Thai Industry (FTI) Suphan Mongkolsuthee commented that the private sector supported the NCPO in its determination to solve economic problems.

According to the FTI president, most private operators understand that the current economic woes are deep-rooted. Solutions thus take time. He said that problems which the private sector wanted the government to solve urgently, were falling agricultural product prices and small and medium enterprises’ troubled access to funds.

Vice president of the Thai Chamber of Commerce Sanan Angubolkul also restated the private sector’s satisfaction with the NCPO performance. He, however, suggested that the government boost the country’s competitiveness and the efficiency of the civil service.

The Association of Thai Travel Agents President Charoen Wongananont, meanwhile, disclosed that the most impressive jobs undertaken by the NCPO to assist the tourism sector included the beach clearances and the re-arrangement of parking lots around Rattanakosin Island.

-- NNT 2015-05-23

[NeverSure]

LOL.

[NongKhaiKid]

The private sector needs govt approval for so many things, they won't rock the boat.

[NeverSure]

94.7% of all businesses approve of the NCPO's handling of the economy. The other 94.7% disapprove. LOL

[Mango Bob]

So what these people are saying they approve of this piss poor economy.

[h90]

So what these people are saying they approve of this piss poor economy.

It is better now, than when the demonstrations were.

Companies really don't like big demonstrations, shootings on the street or red mobs burning down bangkok.

So any stable government is better

[FangFerang]

I have to frame this discussion to understand it.

The financially well-off give a coup good ratings, having been the ones who backed the coup in the first place.

What a great mutual admiration society. If they could get rid of that pesky free thought thing, even foreign governments would vote with them! Who cares about rigged lotteries, sanctioned drug trafficking and human trafficking? The bankers voted that bankers are great!

Good job! Well done!

That changes everything....

[wabothai]

Isn't that wonderful?

[dageurreotype]

suggested that the government boost the country’s competitiveness and the efficiency of the civil service.

I believe 'kickstart' a better term.

[Srikcir]

So what these people are saying they approve of this piss poor economy.

It is better now, than when the demonstrations were.

Companies really don't like big demonstrations, shootings on the street or red mobs burning down bangkok.

So any stable government is better

As the saying goes, "facts just get in the way of creativity." And you are being VERY creative.

Reading over articles written over the last three months concerning Thailand's economic well-being one might infer that you are really being sarcastic. Since the anti-government protests began in 2013 through the current Prayut regime, the economy has become a high-speed train wreck:

Thailand's Teflon Economy Is Imploding. The National Interest, March 25, 2015, Joshua Kurlantzick

“All the economic engines appear to have stopped functioning rendering Thailand’s economic outlook the worst in 40 years, said Mr Thanawat Polvichai, director of the Economic and Business Forecast Centre of the University of Thai Chamber of Commerce.” 2015-04-17

- Growth came in at just 0.7 percent in 2014, its weakest pace in three years.

- The NESDB expects Thailand to post only 0.2 per cent growth in exports in 2015, while household consumption would expand by 2.3 per cent.

- 2014 marked the second consecutive year of negative export growth for Thailand, which contrasts with the annual average pace of growth of about 13 per cent in the period 2002-2012.

- The country also remains one of Southeast Asia's most indebted economies, discouraging consumer confidence.

- Thailand's border trade with its neighbours has fallen to 695 billion baht in the first six months of fiscal year 2015, a 3 percent below the target

- inflation is expected to be minus 0.3 per cent or expand by only 0.7 per cent.

- the index related to consumers’ ability to pay debts for the next 3 months was likely to stay in the negative territory

- Analysts indicated the rising living expenses dragged down the household economic index, hitting the lowest point in 5 months

- import of capital goods also experienced a 9.1% contraction, while import of raw materials also fell 1%.

- the manufacturing product index (MPI) of March 2015 was down by 1.8%

- A report by Moody's Analytics stated that Thailand's growth prospects are the "dimmest" among all ASEAN nations, on back of fragile domestic recovery and weak regional demand. Moody's stated that a pickup in consumption and investment remains elusive, while the country's export competitiveness is stuck in secular decline.

- The export volume of industrial goods in March, excluding gold, also shrank by 2.5% in line with the lower fuel prices.

- Decline in exports of garments, computers, instruments and related parts, electricity circuits, and air conditioners and related parts during the first quarter of 2015 also resulted in a 1.4% contraction of industrial goods.

- Escap forecasts 3.9-4 per cent economic growth rate for Thailand in 2015 and 2016. This is below the Asean average of 4.9 per cent in 2015 and 5.1 per cent in 2016.

Edited May 24, 2015 by Srikcir

[Srikcir]

suggested that the government boost the country’s competitiveness and the efficiency of the civil service.

I believe 'kickstart' a better term.

How right you are -

“Thailand's economy expanded 0.3 percent on-quarter in January-March, official data showed Monday, highlighting the task ahead for the military junta that seized power in a coup last year vowing to kickstart growth after months of political instability.” Thai economy grows a sluggish 0.3% in Q1 , 2015-05-18