- General
- Business
- Moodys's say
- Economy
- Bank and Finance
- Politics
- Energy
- World
- Environment
- Entertainmentt
- Sport
- Agro and Food
- Lifestyle
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.
Related posts:
- Thailand should reduce reliance on exports, says banker BANGKOK, July 30 (TNA) – Thailand should reduce its reliance...
- 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...
- Thai economy likely to begin rising in 4th quarter:Top banker BANGKOK, Aug 20 (TNA) – The Thai economy is projected...
- Bangkok Bank: Thai econ to remain weak despite 3% growth BANGKOK, 17 December 2009 (NNT) – Bangkok Bank has estimated...
Related posts brought to you by Yet Another Related Posts Plugin.
Readers Comments
Business News »
Thai-Myanmar trade exceeds target
February 9, 2010
BANGKOK, 9 February 2010 (NNT) — Trade along the Mae Sot - Myawaddy border in Tak province has increased by 15-16 billion THB year-on-year with a tendency to reach an all-time high of 23 billion THB.
Mae Sot Border Official Pongthep Buasap said the border trade had risen by 28-30% compared to the same period last [...]
Bank And Finance »
BoT to collect regional economic data
February 6, 2010
BANGKOK, 6 February 2010 (NNT) – The Bank of Thailand (BoT) is going to send teams to local areas to collect economic data for an analysis of the Thai economy by the Monetary Policy Committee.
Senior Director of the BoT’s Domestic Economy Department, Suchart Sakkankosone, said the data to be gathered on 9 February was from [...]
General News »
10% of foreign workers apply for work permit renewals
February 8, 2010
BANGKOK, Feb 8 (TNA) – Only 10 per cent, or around 140,000 foreign workers whose work permits expire at the end of February, visited Provincial Employment Offices to apply for document renewals, according to Thailand’s Foreign Workers Administration.
Foreign Workers Administration director Tanich Numnoi said all work permits and applications for nationality verification for an estimated [...]
Economy »
Gold price remains unpredictable after Chinese New Year
February 8, 2010
BANGKOK, 8 February 2010 (NNT) – The gold price is still difficult to predict until after the Chinese New Year. However it will not climb up beyond 19,000 THB as it did in the previous quarter, says the Gold Traders Association President, Mr Jitti Tangsitpakdee.
Mr Jitti stated that the descending gold price in the American [...]
Energy »
Energy Ministry confirms no blackout during closure of Yetagun gas field
February 9, 2010
BANGKOK, 9 February 2010 (NNT) – The Energy Ministry is confident there will be no blackout during the closure of the gas field in Yetagun, Myanmar, at the end of March.
Mr Sarawut Kaewtathip, an analyst from the Energy Ministry, said that Myanmar has planned to close the gas field in Yetagun for 7-10 days to [...]
Politics »
Hun Sen´s criticism against Abhisit resulted from anger
February 9, 2010
BANGKOK, 9 February 2010 (NNT) – Cambodian Prime Minister Hun Sen strongly criticized Thai Prime Minister Abhisit Vejjajiva because he was angry that he was unable to enter Prasart Ta Muen Thom in Suring province during his visit yesterday, according to Deputy Prime Minister for Security Affairs Suthep Thaugsuban.
Mr Suthep viewed that the Cambodian Prime [...]