ASEAN KEY DESTINATIONS
Call for Thai economic reset
The government should review its economic policies and reset their priority in order to catch up with the current global economic situation, Paiboon Narintarangkul, chairman of the Federation of Thai Capital Market Organisations, said on Tuesday. The government’s economic stimulus measures were mapped out six months ago, when the global economy had not many risk factors, He said.
Mr. Paiboon said the government has to maintain fiscal disciplines and keep part of its budget for financing stimulus measures in the event that economic crisis occurs.
He suggested the Bank of Thailand wait to see the situation before making any decision on its interest rate policy.
Soros Sakornwiassawa, president of the Small and Medium Enterprise Development Bank (SME Bank), said Thai businesses would certainly be affected of the global economic recession.
The debt crisis in Europe and economic slowdown in the US would have impacts on Thailand’s imports, he added.
The SME Bank was ready to become a funding source for manufacturers affected by the economic crises, the president said.
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