Economic stabilization the key for ‘Thailand Rebounds’

Prime Minister and Defense Minister Gen. Prayut Chan-o-cha.

At Centara Grand at Central Ladprao Hotel, Prime Minister and Defense Minister Gen. Prayut Chan-o-cha delivered a keynote speech, on occasion of the 74th anniversary of the Bangkok Post newspaper, under the topic “Thailand Rebounds, Policy in the New Normal”.

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The Prime Minister congratulated the 74th anniversary of the Bangkok Post, and emphasized that good mass media is a key infrastructure to national stability, as it would present the public with multi-dimensional facts and right-to-the-point opinions, thereby, creating public understanding, and reducing conflict and social disparity.

According to the Prime Minister, economic stabilization is a key for the country’s rebound. It is important for Thailand to promote and reinforce domestic and grassroots economy, especially infrastructure development and implementation of relief and rehabilitation measures, e.g., promoting domestic tourism, reducing people’s burden on household expenses, providing subsidies to affected people, debt restructuring, etc., in a bid to alleviate people’s plights and enable them to sustain themselves through the COVID-19 situation.

The Government has also put forward the Royal Decree authorizing Ministry of Finance to seek loan for economic and social problem solving, remedy, and rehabilitation as a result of spread of COVID-19, B.E. 2563 (1-trillion Baht Loan), which has been enacted as a quick win to maintain national stability. Budget allocated under the Royal Decree would enable implementations according to the Government’s medical and public healthcare plan against COVID-19 pandemic, and post-COVID-19 economic rehabilitation plans through investment and economic-related activities.

The Royal Decree is also aimed to remedy the people economically affected by the situation, and accommodate the “New Normal” way of life. Focus will be made on projects that promote community’s economic growth in a sustainable manner, which is fundamental to the rebound of Thai economy. At the same time, preventive public healthcare measures against COVID-19 must continue to be implemented in parallel.

The Government also strives to improve public administrative procedure to enhance engagement of the people. The Prime Minister emphasized that we need to turn the crisis into an opportunity for Thailand to be restored and become even better than before. People of all sectors need to put collective effort under the working principle “Unifying Thailand, Building the Nation” to get through the crisis. According to the Prime Minister, we all will “survive today and be stronger tomorrow”.