วันเสาร์, 10 สิงหาคม 2562 12:37

Uttama expects THB 170 billion economic stimulus measures ready for Economic Cabinet in two weeks.

8-7-2019-- Yesterday (7 Aug) Dr. Uttam Saonayon, Minister of Finance, posted on Facebook about plans to accelerate the investment of state enterprises, pushing the Thai economy towards the end of the year to restore investor confidence.

By stating that yesterday, Deputy Prime Minister Somkid Jatusripitak gave the opportunity to Dr. Uttam and the Ministry of Finance executives, including Mr. Saksiam Chidchop Minister of Transport to attend the meeting to discuss the ways to stimulate the economy of the rest of this year, to accelerate investment and confidence of investor to return quickly.

Since Deputy Prime Minister Somkid is concerned about the global economic slowdown due to many factors, both the intensified Chinese-US trade war will affect Thai exports.

The policy of Renminbi of the Chinese Yuan, the flow of capital inflows into many factors, has affected the Thai baht appreciation after the cabinet has been delayed for a long time until it has affected investors' confidence.

Yesterday, representatives from relevant agencies and executive of 24 state enterprises with high investment limits were invited to accelerate the disbursement of the budget in the second half of 2019, to be used as an economic driving tool at the end of this year, and accelerate to solve the obstacle of state enterprises investment budget disbursement.

The acceleration require another amount of 170 billion baht, to enter the economy system for the rest of the year.

Ministry of Finance and the Ministry of Transport are ready to help solve problems and obstacles for all state enterprises, whether it this obstacles between ministries or between agencies and others, as well as supporting state enterprises to make additional new projects,

such as investment in conduits that are digital infrastructure in the EEC area to support 5G technology of telecommunications enterprises, namely CAT Telecom., PCL, TOT., PCL and Thailand Post., PCL

Dr. Uttama revealed that currently, the economic stimulus measures are being prepared. It is expected that the next two weeks the measure plan will be completed and ready to be proposed to the cabinet meeting which initially expected to hold the first meeting on 19 August 2019.

Dr.Uttama mentioned that he has ordered the State Enterprise Policy Office (SEPO) to set up a plan to monitor the disbursement of state-owned enterprises to become more intensive. He has also urged SEPO to coordinate with state enterprises to reduce obstacles as much as possible as we need to accelerate investment, to build confidence and drive Thai economy to move forward as soon as possible.

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