The British Ambassador to Thailand has met with the Thai deputy Prime Minister on economics to discuss Thailand’s ability to support investments, reports a Thai official.
The British Ambassador to Thailand, H.E. Mark Kent met with the deputy prime minister on economics M.R. Pridiyathorn Devakula at Government House to discuss economic matters.
The Thai deputy prime minister said that the two sides discussed investment potential in Thailand, especially the progress of the digital economy project, as well as the overall economic status of Thailand, without discussing the political situation.
He mentioned the rubber price issue that was troubling southern rubber farmers, saying that the government has been working to stimulate rubber prices since October. However, each stimulus measure involves many procedures and requires some time to take effect.
Regarding the request from rubber farmers to raise the rubber price to 80 baht per kilogram, the deputy prime minister said that the price raising process is underway and each step will take some time. He also stressed that the government is sincere about solving the issue.
The deputy prime minister also set an estimate of the national Gross Domestic Product (GDP) for the first quarter of the 2015 fiscal year at a 3 percent expansion.
The upcoming economic stimulus measures from the government, and the distribution of the fiscal budget, will likely have a positive impact to the economy between December 2014 to February 2015, said the deputy prime minister.
