Tuesday, December 10, 2019

Proposed economic cabinet useful: Deputy PM

Jul 19. 2019
FTI chairman Supant Mongkolsuthree, left, and Somkid
FTI chairman Supant Mongkolsuthree, left, and Somkid
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By THE NATION

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The new government has vowed to work closer with the private sector to steer the economy forwards, Deputy Prime Minister Somkid Jatusripitak said on Friday after meeting with members of the Federation of Thai Industries (FTI).

He added that it depended on Prime Minister General Prayut Chan-o-cha whether an economic cabinet would be set up or another approach adopted to manage the economy.

He added that the economic cabinet could help move economic development faster as it would be the first to screen economic plans before forwarding to the Cabinet for consideration.

Somkid said that the FTI on Friday proposed to the government that it provide a tax deduction in relation to the planned Innovation Fund, which will be jointly set up and operated by private companies. 

Moreover, the FTI representatives should be allowed to take part in the government's development of the ease of business doing report.

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