PM Yingluck follows up on impact of strong baht


BANGKOK, 2 May 2013  The Prime Minister has been following up on the impact of the continued appreciation of the baht and discussing with related ministers and offices about measures to tackle the situation. 

Prime Minister Yingluck Shinawatra, on Wednesday, called for a meeting with ministers, officials, and state offices involved in economic issues and related policies.

Among those seen at the meeting were Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong, Bank of Thailand Governor Prasarn Trairatvorakul, Director of the Office of the Bureau of the Budget Voravidh Champeeratana, National Economic and Social Development Board (NESDB) Secretary-General Arkhom Termpittayapaisith, and Permanent Secretary for Finance Areepong Bhoocha-oom.

The discussion was held after all were earlier instructed to look into all current economic developments and prepare needed solutions to any problem, if any.

On Wednesday, attending ministers and officials also updated the meeting about the progress in their respective assignments.

It is reported that the gathering agreed that an interest rate cut should now be implemented while other assistance measures to help businesses hit by the stronger baht should also be considered.