PM vows support for private sector, keen to boost domestic investments

0
2375

Prime Minister Gen Prayut Chan-o-cha said last weekend the government will render support to investors, with the aim being to boost domestic economy.

During his national televised address, the Prime Minister instructed each cabinet minister to formulate their 20-year strategic plans and present them to him in mid-November.

He said these plans must provide a clear picture of the country and detailed guidelines for Thai and foreign investors looking to invest in Thailand.

He said investors make decisions based on internal and external factors comprised of political stability, economic stability, national security, return on investment and risks as well as incentives which the government is willing to offer.

The Prime Minister also stressed the importance of the SME sector, saying startup businesses have the ability to bring sustainable growth to the Thai economy.