Transcript Thailand - Back in business at Plaza Athenee

2008
Thailand - Back in Business
Thailand Focus
13 September, 2007
Thailand - Back in Business
“THE TIME HAS COME FOR THAILAND
TO REGAIN ITS POSITION IN THE
WORLD’S BUSINESS ARENA, AND TO
FACE UP TO THE CHALLENGES OF
THE GLOBAL FINANCIAL AND
ECONOMIC SYSTEM.”
Thailand has Fallen Behind
The stock and bond markets have
significantly under performed as a result of :
-Political instability
-Flawed policies
-Poor economic and earnings growth
The People’s Agenda
The Democrats will launch “The People’s
Agenda” to reclaim Thailand’s place by
putting the people first. This involves a threepronged approach:
- Restore confidence
- Invest to increase competitiveness
- Invest in people
Restoring Confidence
The Democrats will:
- Push for abolition of the URR
- Shelf current attempts to amend FBA
- Commit to further liberalize the economy,
including the Telecom sector
- Protect the public interest through the use of
Competition Law + Commitment to
International Standard Governance
Productivity is Key
Competitiveness will be addressed in all
sectors
- Reinvent a more efficient bureaucracy
- Irrigation for improved yields and farm income
- Add value to agriculture
- Alternative Energy
- Reduce logistics costs / Efficient Transportation
- Promotion of the service sector
WE NEED TO SIGNIFICANTLY IMPROVE OUR LOGISTICS
INFRA-STRUCTURE TO LOWER FACTOR COSTS
Logistics cost / GDP
Proportion of logistics costs
China
35.0%
India
20.0%
Thailand
19.2%
Japan
11.3%
UK
10.6%
USA
8.7%
Singapore
8.0%
Inventory
21%
22%
Warehouse
and supply
chain
38%
32%
Logistics
41%
Europe
46%
US
29%
19%
52%
Thailand
Investing in the People
- Village Sufficiency Fund
- Improve education opportunities
and quality
- Enhanced Universal Health Care
- Extension of social security, savings
and pensions programs
Thailand has Adequate Financing Capability to
Fund the Programs
• Social programs affordable
• Infrastructure investments affordable
given substantial room for additional
leverage on national balance sheet.
• Expected program spending over 5
years:
– Mass transit: 250,000 million baht
– Rail: 200,000 million baht
– Irrigation: 100,000 million baht
Putting the people first
– Now!
- Our aim to “ Putting the People First” will
generate the people’s support for our
programs
- Political will to overcome coalition
problems
Lastly, vote for us!
(If you have a vote)