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Corruption, red tape holding back growth
News, Chiratas Nivatpumin, Published on 31/05/2012
» Outdated regulations, an inefficient education system and corruption are among the key factors impeding growth in Thailand's competitiveness, said speakers at the World Economic Forum in East Asia yesterday.
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Thailand to join WTO procurement framework
Chiratas Nivatpumin, Published on 31/05/2012
» Thailand will look to participate in a framework under the World Trade Organisation that commits members to transparency in government procurement, Kittiratt Na-Ranong, the finance minister and deputy prime minister, said on Thursday.
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Eurozone crisis poses major threat
News, Chiratas Nivatpumin, Published on 03/01/2012
» The parallels between Europe's economic troubles today and Thailand in 1997 seem all too familiar. A decline in market confidence leads to a sharp rise in borrowing costs, putting pressure on public finances, credit ratings and the financial sector. The political leadership dawdle before enacting tax hikes and budget cuts, resulting in social disruption and a voter backlash. Meanwhile, the crisis is spreading to other countries facing similar troubles, resulting in a regional "contagion" effect.
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