Govt told, speed up investment | Bangkok Post: business

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Govt told, speed up investment

The government should speed up its investment in infrastructure development megaprojects to strengthen the country's economy, Securities and Exchange Commission secretary-general Vorapol Socatiyanurak said on Friday.

Vorapol Socatiyanurak (File Photo)

The development projects would lift the economy and encourage more investment by the private sector, he said.

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  • nui

    ThailandPost : 532

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    Discussion 2 : 30 Jun 2012 at 03.272

    The debt of the 1997 crisis was burdened on the Bank of Thailand by the PT party in 2012 and has never been paid off. Only interest payments were made. In doing so, the government can take more loans for projects. But debt is debt. It reminds me on the people and companies before the crisis, running from bank to bank getting new loans to pay off the old ones. Companies got billions of loans from the banks, put big parts in their private accounts and declared bankruptcy. The banks were sitting on millions of skeleton buildings and construction sites all over Thailand for many years. Many company owners became very rich. At the end, almost 60 percent of all debts were written off.

  • englishbob

    ThailandPost : 2,340

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    Discussion 1 : 29 Jun 2012 at 20.551

    "He said the government should instead use the annual fiscal budget, which has a better monitoring system and is more transparent than a cabinet decree."
    " the cabinet had already passed a decree to raise 350 billion baht in loans, citing an urgent need, but there had been no disbursement of this "urgent" budget in the six months since."

    Is there anyone who would disagree with these statements?

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