BANGKOK, Jan 29 — The Thai government is seriously reforming the economy for sustainable development, Deputy Prime Minister Pridiyathorn Devakula asserted today
At the 'Thailand Moving Forward Forum' he said that the Thai economy would recover this year due to investment inputs from the government sector which would stimulate the private sector as well.
The value of investment projects seeking promotional privileges from the Board of Investment peaked at the highest amount in 50 years.
Other factors to boot the economic recovery this year included political and economic reform moves by the present government, he said.
Political problems have limited Thai economic growth rate at 3 per cent for the past five years, but the rate stood only at 1 per cent last year.
Mr Pridiyathorn said the government was developing Thailand into a production center, applying tax incentives to encourage international businesses to set up their international headquarters in the country and promoting investment in the digital economy. (MCOT online news)
