BANGKOK, Dec 15 — Prime Minister Gen Prayut Chan-o-cha said the Thai economy has generally improved but its recovery was not at a satisfactory pace.
His said the government is promoting investment to stimulate the economy.
In a seminar on investment promotion strategies for sustainable economic development in Muang Thong Thani today, Gen Prayut said the Thai economy was picking in the latter part of this year, but recovery remained too slow.
The prime minister said that the value of investment projects seeking promotional privileges from the Thai government should reach Bt700 billion as expected this year and that tourist arrivals were picking up.
When infrastructure development and measures to support farm products were included, the Thai economy should grow by 3.5-4.5 per cent next year, Gen Prayut said.
“Meanwhile, the government is promoting investment projects that include technology transfers and increase product values and is supporting SMEs through joint investment funds,” Gen Prayut said.
Deputy Prime Minister Pridiyathorn Devaluka said it was difficult for the Thai economy to grow by 7-8 per cent as before.
He said there should be new activities to attract investment including tax exemption and reduction to encourage international companies to establish their regional offices in Thailand.
