Businessmen suggested that pending government policies such as a value-added tax (VAT) hike from 7% should be delayed as long as possible because it would weaken already weak consumer purchasing power. Calls for the government to tackle corruption as well as make the best use of free trade agreements (FTAs) were repeated. Companies were warned to be wary of a fragile global economy and volatile foreign exchange rates this year. The government was told it must implement additional measures to boost exports.
The Federation of Thai Industries (FTI) wanted more action to ensure the 200,000 registered small and medium-sized enterprises (SMEs) receive government help, especially those with non-performing loans (NPLs). Seafood giant Thai Union Frozen called on the government speed up tackling human trafficking saying it was possible for Thailand to rise from Tier 3 on the US watch list this year. Expansion of the special economic zones (SEZs) to cover Nong Khai in addition to the approved locations of Mae Sot, Mukdahan, Songkhla, Aranyaprathet in Sa Kaeo as well as Mukdahan, Songkhla and Trat.
Representatives from the retail sector suggested that the retail sector could not rely only on domestic consumption, so the government must beef up tourism promotion and ensure tourists' safety, calling tourism one of few existing lifelines that could help to shore up the tepid economy. Calls for the government to lift martial law were dismissed, warning of a repeat of political mayhem, adding that martial law had little effect on tourism sentiment, citing The Mall Group's sales increasing by more than 25% last year.
Businessmen suggested that pending government policies such as a value-added tax (VAT) hike from 7% should be delayed as long as possible because it would weaken already weak consumer purchasing power. Calls for the government to tackle corruption as well as make the best use of free trade agreements (FTAs) were repeated. Companies were warned to be wary of a fragile global economy and volatile foreign exchange rates this year. The government was told it must implement additional measures to boost exports.
The Federation of Thai Industries (FTI) wanted more action to ensure the 200,000 registered small and medium-sized enterprises (SMEs) receive government help, especially those with non-performing loans (NPLs). Seafood giant Thai Union Frozen called on the government speed up tackling human trafficking saying it was possible for Thailand to rise from Tier 3 on the US watch list this year. Expansion of the special economic zones (SEZs) to cover Nong Khai in addition to the approved locations of Mae Sot, Mukdahan, Songkhla, Aranyaprathet in Sa Kaeo as well as Mukdahan, Songkhla and Trat.
Representatives from the retail sector suggested that the retail sector could not rely only on domestic consumption, so the government must beef up tourism promotion and ensure tourists' safety, calling tourism one of few existing lifelines that could help to shore up the tepid economy. Calls for the government to lift martial law were dismissed, warning of a repeat of political mayhem, adding that martial law had little effect on tourism sentiment, citing The Mall Group's sales increasing by more than 25% last year.
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