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Pattaya Daily News

25 September 2008 :: 10:09:50 am 42151

Pm Urged to form Personal Economic Advisory Team to Boost Confidence

BANGKOK, Sept 25 - Thailand‘s Prime Minister Somchai Wongsawat should form a personal economic advisory team to suggest ways to address the country‘s economic woes and monitor various policies implemented to drive ahead the economy, according to a leading academic.
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Montri Sokatiyanurak, deputy dean of the National Institute of Development Administration (NIDA), said that what the new government should do first is to quickly act to restore confidence among investors and local and foreign private-sector companies.

The prime minister’s personal economic advisory team must be set up to boost investor confidence that the government gives top priority to tackling the economic woes.

He said the Thai economy had still experienced various risk factors, particularly the financial market crisis in the United States which could have a far-reaching repercussion on the global economy.

Dr. Montri conceded the economic team of the new government looked better than that of the previous government in terms of work experiences.

However, it should be noted that former banker Olarn Chaiprawat is the sole financial expert on the economic team, so he advised that the economic team form a group of advisors with financial expertise to deal with the US financial market crisis, which is complicated and hard to be addressed by fiscal tools.

In addition, he said, the economic team must speed up issuing short, medium, and long-term strategic plans to drive ahead various economic sectors and accelerate the 2009 budget disbursement to stimulate the economy. (TNA)

Reporter : PDN staff   Photo : Internet   Category : Thailand News

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