Ekniti sees Q4 economic support from investment and tourism

Prachachat•Economy•19d ago

Reader Briefing

Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas identifies investment and tourism as key drivers for the economy in the fourth quarter.

•The Thai Chuay Thai Plus measure ended in September.
•Investment from a 400 billion baht loan decree for solar rooftop projects is expected to create employment.
•The World Bank and GASTECH meetings in Q4 are expected to bring in foreign funds and investors.
•Approximately 20,000 global investors and financial leaders are expected to attend the World Bank meeting in Thailand.

Overview

•The Thai Chuay Thai Plus measure ended in September.
•Ekniti Nitithanprapas stated that multiple tools are required to manage the economy after the Thai Chuay Thai Plus measure ended.
•Ekniti Nitithanprapas expressed a personal preference not to rely on short-term economic stimulus or relief measures.
•Thailand will showcase Thai products, arts, and culture, as well as the Nok Krasib system for small retailers, at the World Bank meeting.
•The World Bank meeting is expected to put Thailand in the global spotlight and increase confidence in Thailand.
•Ekniti Nitithanprapas mentioned that the decision to extend Thai Chuay Thai Plus depends on the situation, noting that inflation has begun to decrease.
•The meetings in Q4, including GASTECH and the World Bank, are expected to provide opportunities for business matching between Thai investors and those from Asia, Europe, and the Middle East.

Full article content is available on the original source.

Read on Prachachat (Thai Version)View in Google Translate

Source: Prachachat (Original)

Key Quotes

Ekniti Nitithanprapas

"I believe that incoming investment will start to create a Jump Start; if the engine starts, it will run and rotate on its own."

ผมเชื่อว่า Investment ที่มันเข้ามา มันจะเริ่มช่วยทำให้เกิด Jump Start ถ้าเครื่องยนต์มันติด มันจะเดิน จะหมุนของมันเอง

Ekniti Nitithanprapas

"To be honest, it is not my money, it is not anyone's money, it is the money of all Thai people."

พูดตรง ๆ มันไม่ใช่เงินผม มันไม่ใช่เงินใคร มันเงินของคนไทยทุกคน

Key Entities

Person

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)ℹ️

Deputy Prime Minister and Minister of Finance.

Policy

Thai Chuay Thai Plus(ไทยช่วยไทย พลัส)

An economic measure that ended in September.

Nok Krasib(นกกระซิบ)

A system for small retailers to be showcased at the World Bank meeting.

Law

400 Billion Baht Loan Decree(พ.ร.ก.กู้เงิน 4 แสนล้านบาท)

A decree providing funds for projects including solar rooftops to create employment.

Organization

World Bank(ธนาคารโลก)ℹ️

An international organization holding a meeting in Thailand in the fourth quarter.

IMFℹ️

An organization holding a meeting in Thailand in the fourth quarter.

Place

Thailand(ประเทศไทย)ℹ️

The host country for the World Bank and GASTECH meetings.