Govt investment to boost economy in second half of 2016

BANGKOK, 9 June 2016 (NNT) - The Economic Intelligent Center (EIC) of Siam Commercial Bank has held a seminar entitled ‘EIC Conference’ to give the public and private sectors a platform to exchange ideas regarding investment.

Deputy Prime Minister Somkid Jatusripitak said during this speech at the event that the Thai economy is improving, citing a 3.2% growth in GDP recorded during the first quarter of 2016. He attributed the positive quarterly report to government investments in nearly all types of transportation.

As much as five trillion baht is expected to be injected into the economy during the latter half of this year, as several investment projects have already been approved.

Dr. Sutapa Amornwiwat, the Chief Economist at EIC, said all investments should be focused on facilitating and supporting growing industries, such as tourism, service and information technology.


-- NNT 2016-06-09

It may have boosted the economy but it never kept the prices down, and that's why you wont have a consumption lead economy , people still have no disposable income , and at 40 thousand Baht a month in 16 years time, the people will be fighting off starvation plus a massive water shortage crisis. ................................

Economic Intelligent Centre of the SCB.

I presume it should read Intelligence Centre.

No matter though, still an oxymoron.

Govt investment to boost economy in second half of 2016

More jam. Tomorrow.

W

keep working debt slaves.. no water for you.

Foreign investors won't touch Thailand with a barge pole.

The Thai Chamber of Commerce just the other day said that local private investment in Thailand is drying up. That only leaves government (Army) money to stimulate the economy.

Talk about sinking ships. These seminars are nothing more than gabfests plus a free lunch.

Even the Thai smart is money is going to investments outside Thailand.

http://www.thanhniennews.com/business/thai-developer-hemaraj-plans-2-industrial-parks-in-central-vietnam-61859.html

http://www.thanhniennews.com/business/frances-casino-agrees-to-sell-vietnam-unit-to-thailands-central-61679.html

Yep, ok sure thanks!