Gov’t poised to boost economy with investments


The government has stressed the need to push ahead with its investment projects to bolster the country’s economy.

During the Friday talk program on TV, Prime Minister Prayut Chan-o-cha explained that his government would continue to promote domestic investments despite the global economic slowdown as they provided the foundation for financial stability.

Gen Prayut insisted that the public and private sectors needed to cooperate in various development projects to ensure efficient management. However, he confirmed the government would do its best to maintain the financial disciplines and formulate long-term plans so that the next government could proceed with the development projects.

Gen Prayut added that the government had designed an integrity pact which both public and private agencies had to sign when making a procurement contract as a pledge of transparency. The introduction of integrity pacts is meant to facilitate scrutiny, and deter contractors or state agencies involved from corruption.