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NEWS UPDATES 7 August 2010

Thai Business leaders call for agency role

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Business leaders called on the state planning agency, the National Economic and Social Development Board (NESDB), to become more assertive with politicians who pursue their populist agenda rather than the national plan.

A number of issues were addressed by those attending a seminar in Bangkok hosted by the NESDB. Thailand's entry into the Asean Economic Community may trigger competition for human resources among member countries, and Thailand has not improved its educational system to meet that challenge, according to Dusit Nontanakorn, chairman of the Thai Chamber of Commerce.

Another speaker said Thailand needs to develop a plan for development to spur the growth of the middle class in provinces.

Prime Minister Abhisit Vejjajiva said the government hoped the 11th development plan would set the country on the road to national reconciliation and reform, as it places more importance on human resource development and social security.

Technology development would afford residents in remote areas greater access to information services. Abhisit stated the government will introduce a balanced fiscal budget within the next five years, due to the country's rapid economic recovery.

Thailand's gross domestic product rose by 12 percent in the first quarter and is estimated to have expanded by 10 percent in the second quarter with exports the main driver, it was revealed at the seminar.

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