CP ready to support Thai government's economic plans

[webfact]

CP ready to support government's economic plans

BANGKOK, 1 July 2016 (NNT) – Charoen Pokphand Group (CP) has voiced belief in the direction of the government’s economic plan and assured it will support the state’s investment projects.

CP President Dhanin Chearavanont has lauded the government’s economic strategies so far, saying that the administration has chosen the correct path for the nation but recommended that it take advantage of the world’s period of change to attract investors to the country. He pointed out Thailand should seek to attract investors away from the nations of Philippines, Indonesia and Vietnam by showcasing its readiness.

On the state’s encouragement of private sector investment, Dhanin assured his company is fully supporting the push and has been spending to enhance its factories towards greater efficiency. The company is also looking into investing in small and medium enterprises as well as food research and even robotics.

Responding to a call from the Prime Minister for CP to invest in a high-speed rail system from Bangkok to Rayong, Dhanin said his company is ready to heed the call, even if the investment puts it at a loss due to the benefits the railway will have for the Kingdom.

-- NNT 2016-07-01

[phoenixdoglover]

In other news today "Very Large Corporation Supports Military Government".

What a surprise.

[waldroj]

How to make a small fortune - start will a big one, and, according to the CP President, "...heed the (junta's) call (to invest in a high-speed rail system from Bangkok to Rayong), even if the investment puts it at a loss..."!

Talk about getting on the wrong track!

Somehow, I don't really see a private company (with a responsibility to its shareholders) saying that it is going to act like a government agency "...due to the benefits ... for the Kingdom...".

They might well try, but they'll do it without my holding of their stock. And, I suspect the Association of Investment Management Companies and other Fund Managers may also take a dim view of this.

[elgordo38]

Its all rah rah rah double speak. CP is to smart to invest in a losing venture.

[SOUTHERNSTAR]

How to make a small fortune - start will a big one, and, according to the CP President, "...heed the (junta's) call (to invest in a high-speed rail system from Bangkok to Rayong), even if the investment puts it at a loss..."!

traintrackscrossing.jpg

Talk about getting on the wrong track!

Somehow, I don't really see a private company (with a responsibility to its shareholders) saying that it is going to act like a government agency "...due to the benefits ... for the Kingdom...".

They might well try, but they'll do it without my holding of their stock. And, I suspect the Association of Investment Management Companies and other Fund Managers may also take a dim view of this.

With a 711 on every corner of the new high speed train stations, how can they make a loss? If you were here during the 2013 protests that led to the coup you will know who provided the finance and logistical support for it all to take place or do you think Suthep is bright enough to do it on his own? Its now pay back time and it will come in the form of business opportunities in prime spots. Thats also why the Chinese was send packing because they wanted this prime business spots at the high speed stations.

[Hawk]

CP are simply agreeing to whatever the army says knowing full well that in reality there will never be a high speed train service between Bangkok and Rayong. It just ain't going to happen, just look at the farcial Bangkok to Korat line for proof.

[Ricardo]

Its all rah rah rah double speak. CP is to smart to invest in a losing venture.

Agreed, hence "Thailand should seek to attract investors away from the nations of Philippines, Indonesia and Vietnam by showcasing its readiness.", translates as letting the foreign investors have the loss-making ventures, instead ?