Somkid vows efforts to restore baht stability

Deputy Prime Minister Somkid Jatusripitak on Thursday (August 8) told high-ranking executives that he would soon appoint a special committee to supervise the country’s finance and treasury matters, aiming primarily to restore the stability of the baht.
The committee is expected to consist of experts and officials from the Finance Ministry, the Bank of Thailand, the Stock Exchange of Thailand and related agencies.
“The top priority of the government’s economic teams is to build confidence among foreign investors by continuing projects undertaken by the previous government,” he said. “The private sector should also take part in this endeavour, as it is the first step towards reforming Thailand’s economy.”
Regarding implementation of economic stimulus measures, the deputy PM said that currently the ministries of Finance, Agriculture and Cooperatives, and Tourism and Sports are preparing detailed action plans to present to the Cabinet, which is scheduled to meet soon.
Somkid added that in 2020, the Eastern Economic Corridor will fully implement 5G to facilitate development projects and improve the quality of agricultural products using new technology and innovations. “5G will help add value to Thailand’s export products, as well as improve the quality of services in the tourism and hospitality sectors,” he said.