Connect with us
CGIF-10th-Year-Anniversary

News

Finance Minister Korn wins Financial Times Banker’s awards

The selection of Thailand’s Finance Minister Korn Chatikavanij by the Financial Times Group’s ‘The Banker’ magazine as the Outstanding Global Finance Minister of the Year 2010 and Asian Finance Minister of the Year 2010 will help restore foreign investor confidence and reaffirm that the government’s economic policy is on the right track, according to Democrat Party Spokesman Dr Buranat Samutrak.

Avatar

Published

on

The selection of Thailand’s Finance Minister Korn Chatikavanij by the Financial Times Group’s ‘The Banker’ magazine as the Outstanding Global Finance Minister of the Year 2010 and Asian Finance Minister of the Year 2010 will help restore foreign investor confidence and reaffirm that the government’s economic policy is on the right track, according to Democrat Party Spokesman Dr Buranat Samutrak.

The magazine reported policies that help jump start the economy include the 2,000-baht government cheque package, an allowance for the elderly, and living cost reduction measures, which are part of the Democrat Party’s 99 day action plan and the Thai Khem Keng (Strong Thailand) scheme.

“Against a backdrop of ongoing domestic political upheaval, Thailand has succeeded in containing the budget deficit with a projected decline in the deficit for 2010. While GDP growth for 2009 has retracted by around minus 3.5 per cent, it is due to bounce back, reaching a solid 3.7 per cent for 2010,” he quoted The Banker as saying.

Under questioning Dr Buranati conceded the government would experience key risk factors for the second year of its performance, particularly political disturbances that could affect investor confidence and trust.

However, it is believed the government’s measures to relieve farmers’ difficulties, including the crop price guarantee scheme and the farmer income guarantee project, would help boost confidence among farmers that they would not suffer losses, he added.

Finance Minister Korn has become the first Thai minister to receive the awards.

via MCOT English News : Finance Minister Korn’s win of Financial Times Banker’s awards to help restore confidence.

Comments

Business

Alibaba Initiates $3Bln Partnership with Thai Gov in Support of Thailand 4.0

This is probably the first major milestone for Thailand 4.0 economic plan to upgrade Thai economy : a major commitment of a big private investor

Olivier Languepin

Published

on

The e-commerce giant’s executive chairman, Jack Ma, was in Thailand this week and has become the first big name to join Thailand’s plan to upgrade its economy known as Thailand 4.0. (more…)

Continue Reading

News

Thailand switches to black and white for final farewell to late King

Many businesses across Thailand will come to a halt while others will make necessary adjustments to pay their last respects to the beloved late King Bhumibol Adulyadej.

Boris Sullivan

Published

on

Many businesses across Thailand will come to a halt while others will make necessary adjustments to pay their last respects to the beloved late King Bhumibol Adulyadej. (more…)

Continue Reading

Banking

Bangkok retains Leading Mastercard Travel Destination Title for 2017

Travel and tourism in Asia Pacific is showing no signs of slowing down, with the region dominating visitor arrivals once again, according to the Mastercard Global Destinations Cities Index 2017

Boris Sullivan

Published

on

Asia Pacific is an increasingly popular region for travel, according to the Mastercard Global Destinations Cities Index (GDCI) 2017. (more…)

Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

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

Join 13,565 other subscribers

Trending