Connect with us
The clever new way to send money abroad

Business

Private sector Shows high Expectations on New Government

The private sector is hoping that the new government will be able to solve cost of living problems and enhance Thailand’s competitiveness by improving infrastructure of the country and facilitating the operation of the private sector.

Published

on

Abhisit poster

The private sector is hoping that the new government will be able to solve cost of living problems and enhance Thailand’s competitiveness by improving infrastructure of the country and facilitating the operation of the private sector.

Land and House Chairperson and President Anant Asavabhokhin expressed his hope that the country would move forward democratically as the House of Representatives had been dissolved while a new election would be arranged in a free and fair manner, which would be able to boost confidence of the private sector. Asked for expectations on the new government, Mr Anant responded that he had no specific hope since the private sector so far had been the major economic driving force while the government should focus on solving the high living costs for people.

Abhisit poster

He suggested that the new government should help boost the potential and competitiveness of the private sector by reducing corporate and personal income taxes since tax rates were high and not attractive for investment at all.

Meanwhile, Asia Plus Securities CEO Kongkiat Opaswongkarn rated the Democrat-led government’s performance as fair, reasoning that some populist policies were effective while some could not reach the heart of the grassroots at all and needed further improvement. Mr Kongkiat then suggested that the government should focus on long-term investment on public utilities to strengthen the economic foundation.

He then asked all sides to accept the election result because the country could not go further if no one accepted the election result. The CEO also admitted that he wanted a government which could work continuously without frequent changes because the private sector had to adjust itself every time there was a new government. Those are just a few viewpoints from some business executives hoping to see a better Thailand after the election. It is obvious that they also want the national infrastructure system to be improved.

via Special Report: Expectations on New Govt, Part 2 : National News Bureau of Thailand.

Click to comment

Leave a Reply

Business

China’s economy stumbles on power crunch

Published

on

BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers to do more to prop up the faltering recovery.

(more…)
Continue Reading

Business

Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

Published

on

Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

(more…)
Continue Reading

Most Read

Recent