The Thai private sector has submitted a set of recommendations for how the government can achieve sustainable national development and reach GDP growth next year in excess of 3%.
The recommendations have been gleaned from seminars, involving all provincial chambers of commerce across the country, and are contained in a White Paper submitted to the government, through Deputy Prime Minister Anutin Charnvirakul by Sanan Angubolkul, chairman of the Thai Chamber of Commerce and Board of Trade, today.
Sanan explained that the private sector’s recommendations revolve around connections for growth, building networking to strengthen businesses, and the introduction of innovations for sustainable development.
According to the paper, the government’s priorities should be the building of Thai and foreign business confidence through price controls on basic products, reduction of production costs, by freezing electricity and diesel prices, increasing the minimum wage within the mechanism of the Wage Committee and equitable distribution of the public sector budget to urban and rural areas.
Sanan also said that the government should help SMEs to become more competitive and reduce their debts, adding that the government should set a national strategy for long-termand sustainable development.
The private sector, said Sanan, has proposed that Prachin Buri should be incorporated into the Eastern Economic Corridor, because the province has great potential.
Other recommendations include promotion of AI, the digital economy, EVs and green energy.
He said that Thailand’s economy has a chance to grow by as much as 5%, if the government manages to ease household debt and ensures more equitable distribution of revenues.
