Prayuth says country's economy improving

Breaking News August 01, 2014 20:57

Junta chief Gen Prayuth Chan-ocha said Friday night that the country's economy was improving very well after the National Council for Peace and Order stepped in to solve the country's problems.

He said the industry confidence index in June 2014 has increased to 88.4 from 85.1 in May, as the overall business operation is more convenient and flexible. The purchase orders in many industries, such as sport wears and sport shoes, have increased.

The 3-month forecast of the industry confidence index which indicates the forecasted trends in September, has increased from 101.0 in May to 101.9, he added.

He said the investment sector has shown a clear sign of improvement. There are 634 projects which applied for investment promotion via the Board of Investment in the first half of the year with a total value of Bt337 billion. The number of projects applying for the investment promotion programme has been steadily increased. In June, the number of projects has reached its highest in 6 months which signals increasing confidence of investors. It is anticipated that the total values for 2014 will reach its target at Bt700billion as determined in July, he said.

The Nation

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