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Pattaya Daily News

27 January 2011 :: 11:01:19 am 49312

Former Deputy U.S. Inventory, Point Values To Risk Factors For The Thai Economy This Year

Bangkok, 25 January 2011: Mr. Lee Orhrnrnam former Deputy Minister of Finance and Keynote speaker on the baht, as to the Thai economic situation continues.
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Indicating anything that factors Baht is a critical factor throughout the Thai economy. But the trend has changed from the weakening economy in crisis. Come back stronger by the year 2553 end and continued baht appreciation, 10 percent of the Thai economy. And Asian countries have grown rapidly especially China’s economy as the U.S., Europe and Japan have weakened. Therefore causing capital inflows for investment in the region continued.

Mr. Pisit agrees that the factors of the baht’s appreciation will continue in 2554 and is a major risk factor to the export sector of Thailand which may lose the ability to compete. The major competitor countries such as Thailand, Vietnam, Indonesia and India adopt foreign policy weakness of the currency to support the exports of their own. The operators must adapt to export as many aspects of foreign exchange in advance to mitigate the risks and volatility of the value of the baht. Cost reductions are necessary to ensure that no business can earn at Risk status, will occur.

While the government Mr.Pisit said, May require a review of policies to promote exports and investment to pull money into Thailand. It is evident that the measures do not need to export and investment to expand rapidly as the former government should take measures to modify the investment or stimulate the domestic economy with Growth and the increased domestic consumption. This is consistent with the direction of Thailand’s economic growth in the future. – Thai News Agency.

Source: Thai News Agency.

Photo : Internet   Category : Thailand News

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