TDRI: Second economic stimulus programme will boost economy

By k on June 9, 2009

BANGKOK, June 7 (TNA) — The private think-tank Thailand Development Research Institute (TDRI) is confident that the government’s planned injection of Bt1.43 trillion in its second economic stimulus programme will help the domestic economy begin to recover later this year.

TDRI President Nipon Poapongsakorn said the economy could grow 0.8 per cent in 2009 if the government accelerated its budget disbursements totalling more than Bt100 billion before the end of fiscal 2009.

About 80 per cent has already been spent by the government for this fiscal year which ends this September 30, according to Mr. Nipon.

He said that if the government applies the investment funds from the second economic stimulus programme, which runs from this year to 2012, the national economy in 2010 could grow from the projected 1.4 per cent to 2 per cent.

Somchai Jitsuchon, head of TDRI’s overall economic development and income distribution activities, said if the government continues its financial packages to help low-income earners with free public transport, subsidies for electricity, water and cooking gas and implements the second economic stimulus programme, the economy will begin recovery later this year.

Mr. Somchai predicts that Asian economies, including that of Thailand, will recover before the global economy, which he sees taking at least two to three years before it could improve. (TNA)

Export to push Thai economy despite political rifts BANGKOK, 4 May 2010 (NNT) – The export sector is...
Thai economy projected to grow by 5-6 per cent in 2010 BANGKOK, June 29 (TNA) – The Thai economy this year...
Thai Finance Ministry raises economic growth estimates for 2009 and 2010 BANGKOK, Dec 29 (TNA) – Boosted by better-than-expected economic growth...
Thai economy in Q1 grows by 12 per cent BANGKOK, May 24 (TNA) – The Thai economy in the...

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 [...]