Connect with us

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.

Business

Large Shopping Malls in Bangkok Will Be Closed until July 25th

Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.

Published

on

BANGKOK (NNT) – Large-scale shopping malls in Bangkok and in some dark-red zone provinces are now closed for two weeks, to comply with the latest COVID-19 curbs in 10 provinces.

(more…)
Continue Reading

Business

Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak

The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.

Published

on

The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,160 other subscribers

Wise

Recent