ID :
210879
Mon, 10/03/2011 - 13:52
Auther :
Shortlink :
http://m.oananews.org//node/210879
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Thai financial market to be protected by global economic crisis
BANGKOK, October 3 (TNA) - Thailand's Ministry of Finance will soon introduce measures to protect the Thai financial and capital markets from impacts of the anticipated world economic crisis, caused by ongoing debt woes in Europe and the United States.
Thai Finance Minister Thirachai Phuvanatnaranubala said on Monday that he had instructed officials concerned to quicken preparing the measures for their timely implementation, aimed to avert the adverse effects on the country's financial and capital markets from the fresh global economic crisis.
Thirachai acknowledged that the planned measures include those on stimulating Thailand's private investment and overall production capacity and productivity, as well as on upgrading local workers' skills with their improved working processes and on expanding intra-regional trade among member countries of the Association of Southeast Asian Nations, rather than relying heavily on foreign capital and traditionally powerful importing markets.
According to the Thai finance minister, the world economy and financial and capital markets outside Europe now appear to be at higher risk due to impacts from the European Union (EU)'s indirect resolutions on its debt crisis, namely through its expanding loans to developing economies. (TNA)
Thai Finance Minister Thirachai Phuvanatnaranubala said on Monday that he had instructed officials concerned to quicken preparing the measures for their timely implementation, aimed to avert the adverse effects on the country's financial and capital markets from the fresh global economic crisis.
Thirachai acknowledged that the planned measures include those on stimulating Thailand's private investment and overall production capacity and productivity, as well as on upgrading local workers' skills with their improved working processes and on expanding intra-regional trade among member countries of the Association of Southeast Asian Nations, rather than relying heavily on foreign capital and traditionally powerful importing markets.
According to the Thai finance minister, the world economy and financial and capital markets outside Europe now appear to be at higher risk due to impacts from the European Union (EU)'s indirect resolutions on its debt crisis, namely through its expanding loans to developing economies. (TNA)
