Thailand financial experts say New Prime Minister will need to stimulate tourism
Financial experts in Thailand have indicated that having a new Prime Minister will helps stimulate the economy and in particular the tourism industry.
Associate Professor Montri Sotiyanurak, a monetary and financial expert at Thailand’s National Institute of Development Administration said that the appointment of General Surayud Chulanont as the Prime Minister yesterday made people believe in the Council for Democratic Reform’s promise to give power back to Thai people in two weeks’ time.
Associate Professor Montri said that Gen Surayud Chulanont, the new Prime Minister is recognised for his moral principles and honesty, self-concious as well as compromising and the appointment has improved the investment situation with the private sector being more confident after the past 8-9 months of uncertainties.
As the situation has cleared up with clearer government policy and Cabinet members to be appointed, the economic atmosphere in the fourth quarter has become more favourable.
He also said that experts say that the new Prime Minister has to take care of income distribution and people’s debts which need urgent solutions, in addition that currently Thailand’s oil imports constitute 80 percent of the country’s energy consumption, with the amount having led to an imbalance in trade and current account.
He also urged the new Prime Minister to improve the country’s transport infrastructure in order to support the tourism industry which is now approaching the high season.
A Special Thailand Report by The Mole
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