Govt's pro-business interest policy is one-sided, unwise
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Re: Change focus for greener, sustainable development: Experts, Business, September 7, 2012.
I agree with Kosit Panpiumras, executive chairman of Bangkok Bank, that the government should rethink its interest policy.
The Yingluck government is focusing only on keeping the interest rate low and the baht cheap just to help the business sector, without considering giving incentives for the elderly and poor to save for their future.
I also think Finance Minister Kittiratt Na-Ranong’s proposal to change the excise tax to be based only on a car’s carbon-emission rate – by claiming that some large cars emit lower carbon than some small cars -- is not viable.
A car that has an engine three times bigger should be taxed more than a smaller one. Because it consumes three times as much fuel.
Vint Chavala
Lamphun
