Govt poised to boost economy with investments

BANGKOK, 11 July 2015 (NNT) – The government has stressed the need to push ahead with its investment projects to bolster the country’s economy.

During the Friday talk program on TV, Prime Minister Prayut Chan-o-cha explained that his government would continue to promote domestic investments despite the global economic slowdown as they provided the foundation for financial stability.

Gen Prayut insisted that the public and private sectors needed to cooperate in various development projects to ensure efficient management. However, he confirmed the government would do its best to maintain the financial disciplines and formulate long-term plans so that the next government could proceed with the development projects.

Gen Prayut added that the government had designed an integrity pact which both public and private agencies had to sign when making a procurement contract as a pledge of transparency. The introduction of integrity pacts is meant to facilitate scrutiny, and deter contractors or state agencies involved from corruption.

-- NNT 2015-07-11

the government had designed an integrity pact

Did they outsource this project? Jesus wept.

Officially, Thailand is still enjoying robust economic growth. Officially, unemployment rate at 0 %.

So why is it, that Thailand needs economic "stimulus packages" ?

Cheers.

Govt poised to boost economy with investments................. 3 Chinese submarines is a great start. Exactly what the economy needs.

Thais are "poised." It would be very interesting to see the actual "integrity pact" if one in fact actually exists.

"he confirmed the government would do its best to maintain the financial disciplines and formulate long-term plans so that the next government could proceed with the development projects."

What financial disciplines?

The Junta's penchant for borrowing massive funds from foreign governments to finance the nation's infrastructure and myriad subsidies, , failed revenue collection, low interest loans and debt forgiveness to the agricultural industry will leave any future government financially toothless.

And maybe that's the real plan.

Based on the headline I thought the article would say something of importance. I was wrong.

I almost read the article....then I went on living my life.