ID :
187536
Thu, 06/09/2011 - 15:15
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http://m.oananews.org//node/187536
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CP: political stability is a key to Thai economic growth
BANGKOK, June 9 (TNA) - Thanin Jiaravanon, chairman of Charoen Pokphand Group (CP), said in a seminar on “the new dimension of Thai business and trade” that political stability is a key to economic growth of the country.
Thanin told the audiences that Thai economy had very strong fundamentals and could grow considerably if local politics was stable, and provided the national leader had clear visions and goals. He also urged politicians to work for the national interest.
Thanin suggested the national leader invest part of the national foreign exchange reserves, which amount to some 200 billion baht, noting many developed countries generate profits from such investments.
The CP Chairman also said the government should allow the prices of several products, particularly agricultural products, to be determined by market mechanisms, noting that it would be costly for the state to subsidize prices. He explained that if the government allowed the prices of agricultural products to rise, farmers would have more incomes, hence the national economy can grow. (TNA)
Thanin told the audiences that Thai economy had very strong fundamentals and could grow considerably if local politics was stable, and provided the national leader had clear visions and goals. He also urged politicians to work for the national interest.
Thanin suggested the national leader invest part of the national foreign exchange reserves, which amount to some 200 billion baht, noting many developed countries generate profits from such investments.
The CP Chairman also said the government should allow the prices of several products, particularly agricultural products, to be determined by market mechanisms, noting that it would be costly for the state to subsidize prices. He explained that if the government allowed the prices of agricultural products to rise, farmers would have more incomes, hence the national economy can grow. (TNA)
