PM on rebuilding confidence on nation’s economy


BANGKOK, 5 Dec 2013, Prime Minister Yingluck Shinawatra has instructed all agencies related to the nation’s economy to quickly formulate a strategy to rebuild investors’ and tourists’ confidence for 2014.

Mr. Teerat Ratanasewe, Spokesman of the Prime Minister’s Office, revealed that international analysts are still confident on Thailand’s economic stability and have yet to adjust the nation’s confidence index ranking.

He said the issue was raised to a recent meeting between the Economic Policy Supervisory Working Group chaired by the Prime Minister and economic ministers and related government agencies. The meeting also heard a report by the Office of the National Economic and Social Development Board that the ongoing political protests have diminished the consumer and business confidence indexes.

At the meeting, Mr. Somsak Phureesak, Minister of Tourism and Sports, expressed his concerns over the sensitivity of the Thai politics among the Japanese tourists. He strongly proposed that the Government urgently issue measures to stimulate the tourism market.

Foreign Minister and Deputy Prime Minister Surapong Tovijakchaikul informed that the Prime Minister has already assigned related agencies including him, to come up with stimulus strategies in order to urgently regain foreign confidence especially from those countries that have warned their citizens against visiting Thailand.

The Foreign Minister expects the stimulus measures would be announced within a month.