Connect with us

Thai DPM Somkid meets with Japanese Chamber of Commerce

Thai government is pushing forward projects such as the Thailand 4.0 development model and the Eastern Economic Corridor without any changes in key policies, reaffirming the coalition government will ensure a unified economic direction through economic ministers meetings.

National News Bureau of Thailand

Published

on

JCC Bangkok president meets DPM Somkid

BANGKOK, 5th August 2019 (NNT) – Deputy Prime Minister Somkid Jatusripitak has given an assurance to JCC Bangkok president, that Thailand is pursuing key policies including Thailand 4.0 and the EEC project, while the JCC president says Japanese investors are more confident with the Thai economy in H2 2019

Loading...

Deputy Prime Minister Somkid Jatusripitak revealed after his meeting with the President of the Japanese Chamber of Commerce, Bangkok (JCC) Shinji Nakano that he had assured the group that the Thai government is pushing forward projects such as the Thailand 4.0 development model and the Eastern Economic Corridor without any changes in key policies, reaffirming the coalition government will ensure a unified economic direction through economic ministers meetings.

He said the JCC Bangkok president had not expressed any concerns regarding wage adjustments in Thailand, but has asked for a full consideration.

The DPM clarified that the rise in wages will require consideration from a trilateral committee, while the JCC president has reflected on the low confidence among Japanese investors in the Thai economy in the first half of this year due to the consequences resulting from the trade war affecting the export sector, along with the stronger Thai baht, and political uncertainties

However Japanese businesspersons believe the Thai economy in the second half of this year is improving.

The DPM said it is normal for international investors to be skeptical of the Thai economy because of the trade war and the delay in forming a government, thus cooperation from everyone in the country is required.

Regarding criticism from the opposition regarding the Prime Minister’s role as the chair of the economic ministers meeting, DPM Somkid said the country will only move forward in a clear and powerful direction, adding that each policy cannot be pursued without the support of the Prime Minister.

On the preparations for a motion of no-confidence filed by the opposition before the consideration of 2020 fiscal year budget, DPM Somkid said everyone must help another and proceed with actions beneficial to the general public, stressing that the country will move forward with help from all sides.

Source link

Comments

Economics

Thai fruit exports to FTA markets up 107 percent

China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian, mangosteen, longan and mango. Thai exporters are able to benefit from FTA privileges.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – Thailand’s fruit exports continue to increase, despite the sluggish global economy caused by the COVID-19 pandemic, with key trade partners being countries that have free trade agreements (FTAs) with the kingdom.

Loading...
(more…)

Continue Reading

Myanmar

Digital Revolution and Repression in Myanmar and Thailand

Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.

Avatar

Published

on

By Karen Lee

Loading...

Following the February 1 coup, Myanmar’s netizens became the latest to join the #MilkTeaAlliance, an online collective of pro-democracy youth across Asia.

(more…)

Continue Reading

Currencies

3 Reasons to Be Optimistic About the Baht Right Now

Probably one of the most important factors for the rise of the Baht is the continued weakness of the US dollar, which most experts agree is going to continue declining throughout the rest of the year.

Pr News

Published

on

The Thai Baht, our beleaguered currency, has had something of a difficult few years. Successful debt and inflation crises have eroded the value of the Baht numerous times, not least the events of 2015-16, which saw the Baht plunge to some of the lowest levels against the Dollar in history.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

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

Join 13,974 other subscribers

Latest

Trending