The Federation of Thai Industries (FTI) has warned that a strong baht could destroy the supply chain from domestic industry, because manufacturers had already begun importing cheaper materials and parts instead of buying locally produced supplies.
Payungsak Chartsuthipol, chairman of the Federal of Thai Industries, asks Prime Minister Yingluck Shinawatra to take action to rein back the value of the baht at their meeting on Friday. (Photo by Chanat Katanyu)
The FTI also proposed that the government act urgently to resolve the problem of the currency's over-valuation.
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