PM: Govt stabilizes economy during its 6 months of work

BANGKOK, 23 July 2009 (NNT) – The Prime Minister has expressed confidence that after 6 months in office, his administration has brought increased stability to the Kingdom and worked to increase its appeal as an investment target.

During a recent speech to open the “Thailand’s Investment Environment: Looking Forward” seminar, Prime Minister Abhisit Vejjajiva addressed 400 domestic and international investors by stating with confidence that his administration has worked for the past 6 months to stabilize the nation’s economy. The Government was intent on making Thailand a fertile ground for investment, the PM said.

He continued to say that by calming the political situation and continually stimulating the economy, his administration allowed for the possibility of positive growth. Mr Abhisit pointed to current projects such as the “Tonkla Archeep” project and the second phase of economic stimulus measures as indicators of his Government’s genuine push to salvage the economy. The PM stated that plans have already been set to improve infrastructure such as education and transport to further sharpen Thailand’s competitive edge and entice foreign investment through tax breaks. He noted that the second phase of economic stimulus measures was expected to create 1.2 million jobs.

The Prime Minister concluded his speech by stating that the private sector was an important mechanism in driving the economy and that the Government will continue to support private businesses and be open to their suggestions.