FTI Chairman Backs 'Thai Helps Thai Plus' to Boost Purchasing Power Amid Energy Crisis

Thansettakij•Economy•2h ago

Reader Briefing

The Chairman of the Federation of Thai Industries (FTI) endorses the 'Thai Helps Thai Plus' initiative as a crucial measure to support consumer spending during the ongoing energy crisis.

•The Federation of Thai Industries (FTI) supports the government's 'Thai Helps Thai Plus' project to counteract the impact of the energy crisis on purchasing power.
•The FTI highlights that rising energy costs affect all aspects of living expenses, including transportation, business overhead, and product distribution.
•The FTI has issued warnings about the economy's fragility and has proposed accelerating government support for domestic products and key industries.
•The FTI also suggests opening Direct Power Purchase Agreements (PPAs) in the year '69 to encourage factories to adopt clean energy.

Overview

•The government's 'Thai Helps Thai Plus' project is aimed at easing public burden during the ongoing energy crisis.
•Rising energy costs are permeating all dimensions of living expenses, particularly transportation and indirect business costs.
•Consumers are experiencing increased living costs over the past 4-5 months due to unfavorable economic conditions.
•The FTI has previously warned that the economy is fragile and has urged the government to fast-track support for Thai products and target industries.
•The FTI has also proposed approving a loan of 200 billion THB to invest in energy infrastructure and reduce industrial costs.
•The FTI is advocating for the Prime Minister to open Direct PPA in the year '69 to allow factories to use clean energy.
•The FTI has cautioned that state and energy debt poses a risk of suppressing Thai economic confidence.
•The FTI anticipates increased government spending in the coming period, which will help circulate funds.

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Key Quotes

Pimphat Liassanakul

"The government's 'Thai Helps Thai Plus' project is part of alleviating the burden on citizens during the current energy crisis."

โครงการ ไทยช่วยไทยพลัส ของรัฐบาล ว่า เป็นส่วนหนึ่งของการแบ่งเบาภาระของ ประชาชนในภาวะวิกฤติพลังงานที่เป็นอยู่ขณะนี้

FTI

"FTI warns economy is fragile, proposes government accelerate support for Thai products and target industries."

ส.อ.ท.เตือนเศรษฐกิจเปราะบาง เสนอรัฐเร่งหนุนสินค้าไทย-อุตสาหกรรมเป้าหมาย

FTI

"FTI proposes PM open Direct PPA in '69 to support factories using clean energy."

ส.อ.ท. ชงนายกฯเปิด Direct PPA ในปี 69 หนุนโรงงานใช้ไฟสะอาด

FTI

"FTI warns state and energy debt risk depressing Thai economic confidence."

ส.อ.ท.เตือนหนี้รัฐ-พลังงานเสี่ยงกดความเชื่อมั่นเศรษฐกิจไทย

Key Entities

Organization

Federation of Thai Industries(สภาอุตสาหกรรมแห่งประเทศไทย)ℹ️

The Federation of Thai Industries (FTI) is an organization that represents the industrial sector in Thailand and provides input on economic policies.

Person

Pimphat Liassanakul(นางพิมพ์ใจ ลี้อิสสระนุกูล)

Pimphat Liassanakul is the Chairman of the Federation of Thai Industries (FTI), commenting on economic initiatives.

Policy

Thai Helps Thai Plus(ไทยช่วยไทยพลัส)

'Thai Helps Thai Plus' is a government project aimed at supporting consumers and boosting purchasing power during an economic crisis.