ID :
204233
Mon, 08/29/2011 - 14:59
Auther :
Shortlink :
http://m.oananews.org//node/204233
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Government panel set up to monitor Thailand's economic conditions
BANGKOK, August 29 (TNA) - The Thai government has set up a new committee in charge of monitoring the country's economic conditions amid impacts from a debt crisis in the United States and Europe and the vulnerable world economy.
Thai Finance Minister Thirachai Phuvanatnaranubala told reporters that the new panel was set up at a meeting of representatives of the local public and private sectors, in which he chaired at the Ministry of Finance's head office on Monday.
Thirachai said that the new government panel, comprising government agencies concerned, the Federation of Thai Industries (FTI), the Thai Chamber of Commerce, the Thai Bankers' Association and the Federation of Thai Capital Market Organisation, will assess impacts of the US and the European economic crisis, as well as global economic woes on the Thai economy.
According to the Thai finance minister, today's meeting also reviewed and discussed issues related to the Thai baht and the international trade, as a real-term analytical reference to local businesses in another dimension compared with the Bank of Thailand (BOT)'s basket of currency principle, as the country's international trade and business transactions with regional economies have been expanding, in lieu of those with the slowing down US and the European economies.
The Thai finance minister said that the meeting also resolved that 2012 designated as Thailand's private investment promotional year and the skills development year of Thai workers, noting that the meeting proposed as well that the Thai government achieve its balanced budget by 2015 and push for a quick parliamentary passage of the 2012 state budget. (TNA)
Thai Finance Minister Thirachai Phuvanatnaranubala told reporters that the new panel was set up at a meeting of representatives of the local public and private sectors, in which he chaired at the Ministry of Finance's head office on Monday.
Thirachai said that the new government panel, comprising government agencies concerned, the Federation of Thai Industries (FTI), the Thai Chamber of Commerce, the Thai Bankers' Association and the Federation of Thai Capital Market Organisation, will assess impacts of the US and the European economic crisis, as well as global economic woes on the Thai economy.
According to the Thai finance minister, today's meeting also reviewed and discussed issues related to the Thai baht and the international trade, as a real-term analytical reference to local businesses in another dimension compared with the Bank of Thailand (BOT)'s basket of currency principle, as the country's international trade and business transactions with regional economies have been expanding, in lieu of those with the slowing down US and the European economies.
The Thai finance minister said that the meeting also resolved that 2012 designated as Thailand's private investment promotional year and the skills development year of Thai workers, noting that the meeting proposed as well that the Thai government achieve its balanced budget by 2015 and push for a quick parliamentary passage of the 2012 state budget. (TNA)
