Aim for more productive capacity, rely less on exporting

By k on September 6, 2009

BANGKOK, 4 September 2009 (NNT) – Kosit Panpiemras, Chairman of the Board of Executive Directors of Bangkok Bank, indicated that Thailand should no longer rely on export and suggested that private agencies develop their productive capacity instead of importing for their sustainable capacity.

Mr. Kosit stated that the current economic crisis yielded more damage than the one in 1997. He said countries perceived the occurrence of this crisis on time and had launched measures to rehabilitate the economy. Mr. Kosit said the attempts to solve the problems were on the right track but noted that whether the economy would completely recover was still uncertain. In terms of the Thai economy, he suggested that the public and private agencies cooperate in developing the country’s productive capacity in order to reduce imports and propel economic growth.

He also believed that the government’s “Strong Thailand” scheme would be able to boost the Thai economy if the money was allocated effectively.

Global tire maker to expand production capacity in Thailand BANGKOK, Feb 19 (TNA) – Buoyed up by marked global...
Unnecessary to inject more money into system BANGKOK, Oct 22 (TNA) – Finance Minister Korn Chatikavanij on...
BoT asks private sector to use caution in business dealings in 2010 BANGKOK, Jan 2 (TNA) — Despite signs of improvement in...

Related posts brought to you by Yet Another Related Posts Plugin.

Readers Comments

Business News »

Loan clients urged to be well-prepared for higher finance costs

July 16, 2010

BANGKOK, July 16 – Loan customers, particularly small- and medium-size enterprises (SMEs), must have well-prepared business plans to cope with higher financial costs in the face of an upward interest trend, according to the Kasikorn Research Center (KRC), a leading Thai financial think tank. Kasikorn said that major domestic commercial banks had begun raising the [...]

Bank And Finance »

Commercial banks announce hikes in interest rates on fixed deposits

July 16, 2010

BANGKOK, 16 July 2010 (NNT) —Interest rates on fixed deposits and lending rates have been hiked by financial institutions following the hike in the policy rate by the Central Bank. Krungthai Bank has announced its fixed deposit interest rate hike of 0.25-0.35%, while key lending rates would be increased by 0.125-0.15%, effective today. Siam Commercial [...]

General News »

Summary of the 9th APEC Energy Meeting

July 12, 2010

Thai delegates led by Minister of National Resources and Environment, Suwit Khunkitti, along with international counterparts from 20 countries attended the 9th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting in Fukui, Japan on 19 June 2010. During the summit, a speech on the “Low Carbon Paths to Energy Security: Cooperative Energy Solutions for a Sustainable [...]

Economy »

4 Govt agencies cooperate to promote Thai investment abroad

July 12, 2010

BANGKOK, 12 July 2010 (NNT) – The Office of Thailand Trade Representative (TTR) joins force with three financial institutions to promote Thai investments abroad, with operators in various business groups showing keen interest in the project. TTR along with SME Bank, EXIM Bank and the Government Pension Fund (GPF) announced their cooperation in credit support [...]

Energy »

Moody´s chops down PTT´s credit

June 29, 2010

BANGKOK, 29 June 2010 (NNT) – An international credit rating firm, Moody’s Investors Service, has lowered the creditworthiness of Thai petroleum giant PTT Plc from A2 to A3 with a negative outlook. Moody’s Investors Service has changed the local currency issuer rating for PTT Plc from A2 stable to A3 negative while the foreign currency [...]

Politics »

One month needed for Interpol consideration over Thaksin´s case

July 16, 2010

BANGKOK, 16 July 2010 (NNT) – A nod from the Paris-based international police intelligence-sharing association, Interpol, over case of self-exiled ex Prime Minister Thaksin Shinawatra should be known within one month. Police Maj-General Terdsak Rujirawong, Commander of the Royal Thai Police Foreign Affairs Division, said on Friday that an arrest warrant on terrorism charge issued [...]