Economy could grow by more than 3-4 per cent : Somkid

Economy January 12, 2017 01:00

Thailand’s economy could grow by more than the general consensus of 3-4 per cent this year, thanks to the reforms and shoring up of the country’s fundamentals in 2016, Deputy Prime Minister Somkid Jatusripitak said.



Speaking at a seminar titled 2017 – Thailand’s Turning Point, Somkid said major countries’ economic recoveries could have positive impacts on Thai exports, improvement in agricultural-product prices and tourism’s full recovery.

Somchai Sujjapongse, permanent secretary of the Finance Ministry, said Thailand had an opportunity to grow at its full potential of 4-5 per cent, and the government would make an effort this year to make the economy grow by more than 3 per cent.

Somkid said the government had set a budget for integration at the provincial level, and the key was to speed the build-up of confidence in growing the economy. 

If projects could achieve their goals, there would be new engines to drive the Thai economy, he said.

Somchai said the Finance Ministry was considering stimulus measures to entice the private sector to invest more. 

He said a Bt10-billion fund to enhance competitiveness of 10 industries could attract foreign investment in Thailand, which could stimulate the Thai private sector to pitch in as well.

SPECIAL AIR FARES 

Bangkok Airways has launched a “PG Together” promotion, offering special fares to passengers travelling between Bangkok and some of its destinations in the Southern region of Thailand from January 15 to 31. 

PG is the airline’s IATA (International Air Transport Association) code.

Fares start at Bt790 per trip, excluding airport tax. 

Reservations can be made via https://goo.gl/llHrfA www.bangkokair.com/promotions/pgtogether or through the airline’s 24-hour call centre (1771 or 02-270-6699). 

The promotional fares are limited on each flight. Potential passengers are advised to contact the airline for an information update. 

OFFERS OF FREE CHANGES 

Thai Smile Airways will assist customers who reserved flights to flood-affected areas of the South including Krabi, Surat Thani, Hat Yai and Narathiwat, and were scheduled to fly between today and January 20, by offering them alternatives to their routes or flight dates. Passengers who have booked tickets to those destinations can make changes without a fee, under certain conditions.