ID :
138143
Wed, 08/18/2010 - 08:52
Auther :
Shortlink :
http://m.oananews.org//node/138143
The shortlink copeid
Thai central bank calls for implementing economic reform now
BANGKOK, Aug 18 – Thailand must accelerate economic restructuring and manage its economic weak points now unless it wants countries with higher economic growth rates to outpace its performance in terms of economic expansion, according to the Bank of Thailand (BoT).
Titanun Mallikamas, director of the central bank's Economic Research Department, said the global economic and financial system has been changing following the world financial crisis.
The world's main industrial countries remain concerned about ongoing efforts to address the financial turmoil, but the Asian economy is on the path of recovery and is the center of foreign investor attention.
Mr Titanun said it has given an opportunity to the Thai economy [to expand] but has simultaneously put the economy at risk.
To adjust to the rapidly changing environment, he said, Thailand must speed up implementing economic reforms and eliminate its economic weak points to ensure its economic development is not outpaced by countries with higher economic growth rates.
Because of this, the central bank will brainstorm with economic gurus and academics in the private and public sectors at a seminar next month on “Driving the Thai Economy Toward the Next Decade” September 21-22.
The seminar will serve as a venue to exchange opinions on factors that could affect the economy in the future such as monetary policy, currency exchange rate, fiscal policy, economic growth stability, and internal and external developments. (MCOT online news)
Titanun Mallikamas, director of the central bank's Economic Research Department, said the global economic and financial system has been changing following the world financial crisis.
The world's main industrial countries remain concerned about ongoing efforts to address the financial turmoil, but the Asian economy is on the path of recovery and is the center of foreign investor attention.
Mr Titanun said it has given an opportunity to the Thai economy [to expand] but has simultaneously put the economy at risk.
To adjust to the rapidly changing environment, he said, Thailand must speed up implementing economic reforms and eliminate its economic weak points to ensure its economic development is not outpaced by countries with higher economic growth rates.
Because of this, the central bank will brainstorm with economic gurus and academics in the private and public sectors at a seminar next month on “Driving the Thai Economy Toward the Next Decade” September 21-22.
The seminar will serve as a venue to exchange opinions on factors that could affect the economy in the future such as monetary policy, currency exchange rate, fiscal policy, economic growth stability, and internal and external developments. (MCOT online news)
