webfact Posted November 26, 2020 Share Posted November 26, 2020 BOT ready to deal with strengthening baht: Arkom By THE NATION The Bank of Thailand (BOT) is ready to deal with a strengthened baht to support exporters, Finance Minister Arkom Termpittayapaisith said on Wednesday. “The baht has strengthened at a high rate and the BOT will take more steps to control this,” he said at the Bangkok Post International Forum 2020. Arkom said financial policies next year will focus on investment to prepare Thailand for the time when its economy recovers fully from the Covid-19 crisis. Digital technology, environment and health will help economic recovery, he said. Arkom promised that the government would be careful when borrowing money. He also said his ministry would reform the tax system. The minister said the second phase of the “Khon La Krueng” campaign will launch from January 1 and is expected to stimulate domestic consumption in Thailand, increasing the gross domestic product (GDP) by at least 3.5 per cent next year. He mentioned that Thai GDP in 2020 will contract around 6 per cent, while the International Monetary Fund predicted it would contract by 7.1 per cent. Source: https://www.nationthailand.com/news/30398595 -- © Copyright The Nation Thailand 2020-11-26 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 1 Link to comment Share on other sites More sharing options...
Jack Mountain Posted November 26, 2020 Share Posted November 26, 2020 Please tell me when you do, because so far measures only last a few days ... and then the beat goes on again. 2 Link to comment Share on other sites More sharing options...
keith101 Posted November 26, 2020 Share Posted November 26, 2020 48 minutes ago, webfact said: “The baht has strengthened at a high rate and the BOT will take more steps to control this,” he said at the Bangkok Post International Forum 2020. Yes more meetings and more talk . Link to comment Share on other sites More sharing options...
petermik Posted November 26, 2020 Share Posted November 26, 2020 18 minutes ago, keith101 said: Yes more meetings and more talk . A committee will be set up to investigate what measures can be taken...???? Link to comment Share on other sites More sharing options...
Jack Mountain Posted November 26, 2020 Share Posted November 26, 2020 Start paying their salaries in euro's, that will teach them! LOL 1 Link to comment Share on other sites More sharing options...
RichardColeman Posted November 26, 2020 Share Posted November 26, 2020 5 hours ago, petermik said: A committee will be set up to investigate what measures can be taken...???? .....to set up the committee to investigate and approve a committee to investigate the issues 2 Link to comment Share on other sites More sharing options...
overt2016 Posted November 26, 2020 Share Posted November 26, 2020 All talk and no action. A bunch of incompetent administrators bowing to the billionaire elite that need a high baht for theiir activities. I feel that the finance minister that they poached from the private sector knew what to do but his underling refused to co-operate , so he resigned after a month. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted November 26, 2020 Share Posted November 26, 2020 10 hours ago, webfact said: Arkom said financial policies next year will focus on investment to prepare Thailand for the time when its economy recovers fully from the Covid-19 crisis There is no Covid crisis in Thailand, the economic issues are here to stay... or get worse. 1 Link to comment Share on other sites More sharing options...
Scott Tracy Posted November 26, 2020 Share Posted November 26, 2020 And the adjacent story is: Baht weakens, analyst advises investors to monitor market direction. Stop this nonsense. Baht up, baht down, defending the falling baht, controlling the rising baht. At least everyone try to sing from the same songsheet.... 1 Link to comment Share on other sites More sharing options...
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