Thai businesses call for huge stimulus

Quick Summary:

The business sector is calling for multiple government stimulus measures, especially tax incentives and a household debt reduction scheme, to revive the economy and give the public a New Year's gift.

He called on the government to craft appropriate solutions to debt problems so that banks and financing companies will relax their lending criteria.

The state plan to launch a car trade-in programme to stimulate purchases in the auto market is a good initiative, but will be difficult to translate into action, said Surapong Paisitpatanapong, vice-chairman of the Federation of Thai Industries (FTI) and the spokesman for the FTI's Automotive Industry Club.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaJapanSingapore

Topics: Thailand Debt Government Thai Banks Measures Loans Economy Year Household Chamber

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 05:46:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1646 words

Reading Time: 10 minutes read

Sentences: 78 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24248601

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 18 hours ago

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Publisher ID: #66

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