JSCCIB comes up with proposals to stimulate the economy


Bangkok, 16 August 2019 (NNT) – The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has come up with proposals in six main areas as a framework for stimulating the economy together with the government’s initiatives.

The JSCCIB’s representatives from the Thai Chamber of Commerce, the Federation of Thai Industries (FTI) and the Thai Bankers Association, today met Prime Minister Gen Prayut Chan-o-cha at Government House to submit guidelines to address economic problems in six main areas. They include strengthening public-private partnerships, upgrading collaboration between the public and private sectors at various levels, enhancing the competitiveness of the private sector, developing the public sector management system, supporting important government projects to allow them to proceed continuously, establishing good governance, social responsibility and enhancing skills and knowledge and the quality of life of human resources.

The Prime Minister thanked the private sector and said the proposals would be taken into consideration. He expressed his confidence that the private sector will cooperate with the government to find ways and means to work within the volatility of the global economy, and the effects of the ongoing trade war. He confirmed that he would ensure that the Eastern Economic Corridor (EEC) project will benefit all groups of people and the nation as much as possible.

The Prime Minister has asked the private sector to create new markets such as promoting SMEs to provide low-income earners with access to cheap, quality products, to help improve the quality of life of all groups of people noticeably.