Thailand seeks to restore investor confidence

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Thailand flowersFour key government agencies are in the process of working out a major economic stimulus package to boost investor confidence in the face of ongoing political instability. This was announced as part of an order issued by Prime Minister Yingluck Shinawatra on December 4, The Nation reported.

The key objectives of this stimulus package are to ensure that tourism – a sustainable resource of the country’s income – is not affected by the political situation, that the confidence of both Thai and foreign investors remains unaffected and that new jobs can be created.

Yingluck is believed to have raised these ideas in order to show to the world community that Thailand was progressing economically and that traveling around in Bangkok and elsewhere was convenient in general, with the exception of some areas where rallies are being held.

The four agencies working on the package are the Finance Ministry, Tourism and Sports Ministry, Bank of Thailand and Office of the National Economic and Social Development Board. They have been instructed to complete the draft by early 2014. Other economics-related ministries have also been told to heed proposals to be submitted by the business sector.

Other measures proposed include more domestic flights holding grand sales at certain locations in Bangkok or promoting the country as a destination for movie productions.

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Reading Time: 1 minute

Four key government agencies are in the process of working out a major economic stimulus package to boost investor confidence in the face of ongoing political instability. This was announced as part of an order issued by Prime Minister Yingluck Shinawatra on December 4, The Nation reported.

Reading Time: 1 minute

Thailand flowersFour key government agencies are in the process of working out a major economic stimulus package to boost investor confidence in the face of ongoing political instability. This was announced as part of an order issued by Prime Minister Yingluck Shinawatra on December 4, The Nation reported.

The key objectives of this stimulus package are to ensure that tourism – a sustainable resource of the country’s income – is not affected by the political situation, that the confidence of both Thai and foreign investors remains unaffected and that new jobs can be created.

Yingluck is believed to have raised these ideas in order to show to the world community that Thailand was progressing economically and that traveling around in Bangkok and elsewhere was convenient in general, with the exception of some areas where rallies are being held.

The four agencies working on the package are the Finance Ministry, Tourism and Sports Ministry, Bank of Thailand and Office of the National Economic and Social Development Board. They have been instructed to complete the draft by early 2014. Other economics-related ministries have also been told to heed proposals to be submitted by the business sector.

Other measures proposed include more domestic flights holding grand sales at certain locations in Bangkok or promoting the country as a destination for movie productions.

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