Tuesday April 29, 2008
NAREERAT WIRIYAPONG YUTHANA PRAIWAN
Bangkok Post
Prime Minister Samak Sundaravej yesterday outlined measures Thailand can take to soften the impact of a possible global recession and keep the country's growth on pace to reach 6.5% this year. ''Although we have not yet felt the full impact of the US sub-prime crisis, our financial sector has been weakened by this problem,'' the premier said at a business summit on the Thai-US partnership at Government House.
The government was trying to limit the areas affected so it would not spread to the real estate and industrial sectors, added Mr Samak.
Since the world economy does not look healthy this year with rising oil and food prices, he vowed that the government would stimulate domestic consumption to deal with the challenges of food and energy security.
''We will push ahead with mass-transit projects as our priority in reducing logistics costs to facilitate investments. This is what Thailand will do to withstand the global recession,'' said Mr Samak.
In terms of foreign direct investment, the premier said the government would further ease regulations to keep Thailand competitive as an investment destination.
''We are opening up for more foreign investment,'' Mr Samak said.
By strengthening linkages with China and India, as well as others in the fast-growing region, more goods, services and people would flow to Thailand.
Thailand would shortly enter the free-trade agreement between Asean and South Korea, Mr Samak added.
In terms of Asean, he also urged the US to encourage regional economic integration with Burma. ''We will need international support for a practical solution to Burma as trade and economic development is one powerful way to change things for the better.''
Noppadon Pattama, the minister of Foreign Affairs, said opportunities were growing for the United States to expand its partnership with Thailand across the kingdom's boundaries.
Logistics, transport, and energy would be strategic areas in which Thailand hopes to take the lead in creating regional linkages in the Greater Mekong Sub-region, he said, referring to Cambodia, Laos, Burma, Thailand, Vietnam and southern China.
Ralph Gerson, chief executive of the Guardian International Corp, said US businesses believed that further deregulation of foreign exchange was needed to spur foreign investment in Thailand.
Tara Tiradnakorn, the president of Chevron Thailand, urged the government to raise the prices of domestic natural gas bought by PTT to help Thailand cut energy imports. Chevron supplies about half of the gas acquired by PTT from both local and overseas sources. He also urged the government to accelerate talks with Cambodia to develop the overlapping petroleum fields between the two countries, which would increase Thailand's oil and gas reserves.
Thai companies, meanwhile, welcome US partnerships both for Thailand and countries in the region, saying they could be a springboard to expand business to the region, said Kan Trakulhoon, president and chief executive of Siam Cement Group, Thailand's largest industrial conglomerate.
The government was trying to limit the areas affected so it would not spread to the real estate and industrial sectors, added Mr Samak.
Since the world economy does not look healthy this year with rising oil and food prices, he vowed that the government would stimulate domestic consumption to deal with the challenges of food and energy security.
''We will push ahead with mass-transit projects as our priority in reducing logistics costs to facilitate investments. This is what Thailand will do to withstand the global recession,'' said Mr Samak.
In terms of foreign direct investment, the premier said the government would further ease regulations to keep Thailand competitive as an investment destination.
''We are opening up for more foreign investment,'' Mr Samak said.
By strengthening linkages with China and India, as well as others in the fast-growing region, more goods, services and people would flow to Thailand.
Thailand would shortly enter the free-trade agreement between Asean and South Korea, Mr Samak added.
In terms of Asean, he also urged the US to encourage regional economic integration with Burma. ''We will need international support for a practical solution to Burma as trade and economic development is one powerful way to change things for the better.''
Noppadon Pattama, the minister of Foreign Affairs, said opportunities were growing for the United States to expand its partnership with Thailand across the kingdom's boundaries.
Logistics, transport, and energy would be strategic areas in which Thailand hopes to take the lead in creating regional linkages in the Greater Mekong Sub-region, he said, referring to Cambodia, Laos, Burma, Thailand, Vietnam and southern China.
Ralph Gerson, chief executive of the Guardian International Corp, said US businesses believed that further deregulation of foreign exchange was needed to spur foreign investment in Thailand.
Tara Tiradnakorn, the president of Chevron Thailand, urged the government to raise the prices of domestic natural gas bought by PTT to help Thailand cut energy imports. Chevron supplies about half of the gas acquired by PTT from both local and overseas sources. He also urged the government to accelerate talks with Cambodia to develop the overlapping petroleum fields between the two countries, which would increase Thailand's oil and gas reserves.
Thai companies, meanwhile, welcome US partnerships both for Thailand and countries in the region, saying they could be a springboard to expand business to the region, said Kan Trakulhoon, president and chief executive of Siam Cement Group, Thailand's largest industrial conglomerate.
7 comments:
Hurry hurry, move move, 50/50, win win.
no, 100% for Cambodia 0% for Thai.
There is such thing as overlapping boundary! It is the Thaicong way to negotiate to have what they don’t have!
There is no such thing as overlapping boundary! It is the Thaicong way to negotiate to have what they don’t have!
the thai are clever when it comes to cambodia. i guess they figured they have nothing to lose with cambodia, that's why thailand is disputing with cambodia. this is why i don't agree with 50/50. should stick with the old maps when cambodia was the sole owner of the entire area in the present so-called dispute zone in the gulf of thailand (by the way, it's just the name and doesn't mean thailand owns all of it just because it was called the 'gulf of thailand'). they should have named it the gulf of cambodia is more like it. i don't know who named it that way! cambodia should have protested it a long time ago.
Well, the Thai navy controlled the ocean in that area, and they certainly were not going to call it the Gulf of Cambodia or Malaysia.
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