ID :
197011
Mon, 07/25/2011 - 11:51
Auther :
Shortlink :
http://m.oananews.org//node/197011
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Leading Thai business executive backs Bt300-wage hike
BANGKOK, July 25 (TNA) - A leading Thai business executive has voiced his support for the incoming Pheu Thai government's wage hike plan to 300 baht a day and a cut in corporate and personal income taxes.
Suparat Kawatkul, Vice Chief Executive Officer (CEO) of the Charoen Pokphand (CP) Group, said on Monday that the proposed key economic policies of the incoming Thai government are envisioned to be in its capacity to shoulder through a deficit state budget--which should shore up Thailand's public debt by no more than 55 per cent of the country's gross domestic product (GDP).
Suparat suggested that the new Thai government speed up mega infrastructure investment projects, particularly those in irrigation, agriculture and logistics, as well as promote more research and development plans and skills development of local workforces to stimulate continual growth of the national economy in order to cope with its rising expenditures.
The vice CEO of the Bangkok-based CP global conglomerate noted that the Pheu Thai government's minimum wage hike to 300 baht a day, a 1.3-fold-increase compared with a 1.42-fold-rise in the country's inflation, and its proposed corporate and income tax cuts appear to be rational and to help boost living conditions of local workers who have been disadvantageous since the regional economic crisis in the late 1990s.
The CP group's vice CEO in charge of financial management and investment plans proposed that the new Thai government also raise local farmers' income and provide financial support for small and medium-sized enterprises (SME) accordingly. (TNA)
Suparat Kawatkul, Vice Chief Executive Officer (CEO) of the Charoen Pokphand (CP) Group, said on Monday that the proposed key economic policies of the incoming Thai government are envisioned to be in its capacity to shoulder through a deficit state budget--which should shore up Thailand's public debt by no more than 55 per cent of the country's gross domestic product (GDP).
Suparat suggested that the new Thai government speed up mega infrastructure investment projects, particularly those in irrigation, agriculture and logistics, as well as promote more research and development plans and skills development of local workforces to stimulate continual growth of the national economy in order to cope with its rising expenditures.
The vice CEO of the Bangkok-based CP global conglomerate noted that the Pheu Thai government's minimum wage hike to 300 baht a day, a 1.3-fold-increase compared with a 1.42-fold-rise in the country's inflation, and its proposed corporate and income tax cuts appear to be rational and to help boost living conditions of local workers who have been disadvantageous since the regional economic crisis in the late 1990s.
The CP group's vice CEO in charge of financial management and investment plans proposed that the new Thai government also raise local farmers' income and provide financial support for small and medium-sized enterprises (SME) accordingly. (TNA)
