- General
- Business
- Moodys's say
- Economy
- Bank and Finance
- Politics
- Energy
- World
- Environment
- Entertainmentt
- Sport
- Agro and Food
- Lifestyle
Thai economy to withstand Dubai crisis
By k on November 29, 2009
BANGKOK, 29 November 2009 (NNT) – The economic team of the ruling Democrat Party is confident that the Thai economy will be able to endure pressures from the current Dubai economic turbulence.
The Dubai World, the city-state’s main investment arm, has been seeking to delay debt payments at 59 billion USD or 2.1 trillion THB since 26 November 2009. This has greatly affected confidence of investors worldwide.
Democrat Spokesperson, MD Buranaj Smutharaks, expressed confidence that the national economy would be able to stand up to the pressures based on the evaluation of the economic team of the party.
He cited three reasons which are consistent implementation of the Strong Thailand scheme throughout 2009-2012, the government policy to reduce export dependency and focus more on trade and investments by the government sector, and the importance Thailand gives to ASEAN Economic Community establishment.
MD Buranaj deemed that those factors would speed up the national production and would cushion the global economic fluctuations.
Related posts:
- Dubai’s crisis will not tug Thai economy down BANGKOK, 27 November 2009 (NNT) – The Minister of...
- Thai economy unaffected by Dubai economic debacle, Dong´s devaluation BANGKOK, 29 November 2009 (NNT) - The Dubai economic...
- Cabinet to discuss impacts of Dubai financial crisis BANGKOK, 28 November 2009 (NNT) – The Prime Minister instructed...
- Democrat Party believes “Strong Thailand” would boost Thai economy BANGKOK, 3 October 2009 (NNT) – Democrat Party Spokesperson, MD...
- Economy growth in China risked dire inflation BANGKOK, 28 November 2009 (NNT) – The world should be...
Related posts brought to you by Yet Another Related Posts Plugin.
Readers Comments
Business News »
Security act invocation to affect confidence in short run: Thai central bank
March 10, 2010
BANGKOK, March 10 (TNA) – The Cabinet decision to Implement Thailand’s Internal Security Act (ISA) in the capital and its environs to prevent any eruption of violence during the Red Shirt protests later this week may negatively affect investor confidence and domestic spending, according to the Bank of Thailand (BoT), but it will last only [...]
Bank And Finance »
Bank of Thailand keeps interest unchanged at 1.25%
March 10, 2010
BANGKOK, March 10 (TNA) – The Bank of Thailand (BoT) on Wednesday decided to maintain its policy interest rate at 1.25 per cent per annum and will consider adjusting it to normal levels during the next meeting on April 21 if no incident likely to severely affect the economy occurs.
The Monetary Policy Committee (MPC) decision [...]
General News »
ICT launches crisis alert center to monitor protests
March 10, 2010
BANGKOK, 10 March 2010 (NNT) – The Ministry of Information and Communication Technology (ICT) has launched a crisis alert center following mass protests of the anti-Government group United Front for Democracy Against Dictatorship (UDD).
According to ICT Minister Second Lieutenant, Ranongruk Suwunchwee, the hotline 1212 is a 24-hour alert center for crisis. The center will strictly [...]
Economy »
4 Map Ta Phut projects resume work
March 10, 2010
BANGKOK, 10 March 2010 (NNT) - The Office of Natural Resources and Environmental Policy and Planning (ONEP) has resolved to permit the construction of four more Map Ta Phut industrial projects, previously suspended by the court’s injunction.
Mr Sorayud Petchtrakul, Assistant to the Industry Minister and Chairman of committee in charge of seeking solutions to Map [...]
Energy »
More energy needed: more solutions wanted
March 10, 2010
BANGKOK, 10 March 2010 (NNT) - The Ministry of Energy hosts the ‘Fuel Options for Electricity Generation’ seminar to discuss possible energy alternatives for Thailand
Minister of Energy, Dr Wannarat Channukul, presided over the opening ceremony advising public and private sectors to not emphasize development on a certain alternative energy source too much. Disruption of energy [...]
Politics »
Korbsak named as chief coordinator with UDD
March 10, 2010
BANGKOK, 10 March 2010 (NNT) - Secretary General to the Prime Minister Korbsak Sabhavasu has been appointed chairman of the working panel to coordinate with UDD core figures.
The appointment was made by the Internal Security Operations Command (ISOC) during its meeting on Wednesday chaired by Prime Minister Abhisit Vejjajiva. The meeting reviewed security measures to [...]