ECONOMY
BBL pushes household savings
- Published: 20/09/2011 at 02:49 AM
- Newspaper section: Business
The government should promote household savings, which continue to erode amid government policies to stimulate domestic consumption and spending, says Kosit Panpiemras, the executive chairman of Bangkok Bank (BBL).
The country's household savings rate has fallen from 25-30% of gross domestic product before the 1997 financial crisis to 15% at present.
Strong household savings would be a solid fundamental to support sustainable expansion of the Thai economy, said Mr Kosit.
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About the author
- Writer: Somruedi Banchongduang
- Position: Business Reporter
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