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    31.THE NATION

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  • 2014THE NATION

    New campaign a.ims tp

    boost global exports

    PETCHANET PRATRUANGKRAI. . THENATfON

  • c:.

  • BANGKOK POST DECEMBER JO

    2014

    Mom O i admits rubber

    Pridiyathorn blames low prices on red tape

    POST REPORTERS

    Deputy Prime Minister Pridiyathorn qevaJCUla adlTIitted yesterday the government's attempts to tackle falling rubber prices have been slowed by bureaucratic red tape. . However, he said he was sure local rubber prices would soon pick up after a cabinet meeting today where ministers will debate a plan for local industries to buy more rubber to shore up the price.

    The comments from MR Pridiyathorn, also known by his nickname of Mom Oui, came after rubber farmers from fOUI districts of Sur at Thani threatened to rally in front of the provincial hall today to

    pressure the government to raise rubber prices to at least 80 baht per kilogramme for rubber sheet.

    Rubber growers from other provinces are also moving to mobilise farmers to step up pressure against the government.

    The farmers complained that rubber prices have fallen sharply and they could sell three kilogramrnes of rubber for just 100 baht.

    .MR Pridiyathorn said the government had come up with a plan to boost rubber prices through three major buyers farmer cooperatives, the Rubber Estate Organisation, and private rubber processing operators.

    But due to bureaucratic obstacles, the buying had not gone as planned, he said.

    The deputy prime minister said the cooperatives started buying in October while the rubber organisation started their purchases 10 days ago. .' .

    The government is today expected to

    approve the buying plan by local industries. "These three major buyers are sup

    posed to work simultaneously but in practic~~ey are not. If things went as planned, rubber prices would have gone up by now.

    "It has been slow because of the bureaucratic procedures involved. r am getting tired [of the red tape] too," he said.

    However, he said the price would not be as high as the 80 baht/kg as demanded by rubber farmers. Moreover, rubber supply is now lowvv'ith rubber productionsiancling at 3 million.tonnes, not 4 million toni1es as it had been in previous years, he said.

    MR Pridiyathorn also played down the protest by rubber farmers, saying the government and rubber farmers had held talkitand understood each other.

    Deputy Agriculture Millister Amnuay Patise said yesterday a total of 16 measures worth 58 billion baht, including three short-term measures, are being put into place to help the farmers.

    woes

    Mr Amnuay said he will help push for more progress on the three short-term measures which are a cash subsidy of 1,000 baht per rai, the buying of rubber by the rubber organisatioI), and interest-free small loans to growers so they can start a second career.

    "I don't deny the fact that these measures are not functioiiing fully. There are some obstacles. in the implementation process but that doesn't mean these measures will fail. I'm here to help make them work faster. We should start to see the results in a week," he said. . Prime' Minister. Prayut Chan-o-cha yesterday called {)n rubber farmers to halt their protest plan and promised to send officials to discuss the issue offalling prices with them.

    "This issue needs to be discussed. We'll send someone there," he said when asked about the planned raliy in front of Surat Thani provincial hall.

  • 31 "" rfn'a~'Vl'al 'l'W1 ru~ ~

    THE NATION CJ DECEMBER 2014 Exports, govt spending key to lifting economy

    out of doldrums, experts say ERICH PARPART THE NATION

    SOME ECONOMISTS say they are disappointed vv;th the state of the economy and warn that the country vv;ll continue to depend largely on e>..'"Ports next year.

    They also said yesterday that there needed to begreaterclarityon thegovernment's infrastructure spending if the Kingdom wanted to see more pri.vate-sector investment.

    Merchandise and services exports, which account for 70 per cent of the country's gross domestic product, should return to positive expansion in 2015 after posting flat growth this year, they believe.

    But they said the country could not rely on external demand only, and the private sector was screaming for more clarity in the government's investmen t plans in orderto gain more confidence heading into the new year. 0

    "The outcome of the economy this year has upset many people, since its expansion will be less than 1 per cent. And the recent recovery of the Thai economy was largely due to the recoveryofthe exportsector and not because of,government spending," Phatra

    o Capital director Supavud Saicheua said at the "Thailand Economic Outlook 2015" seminar arranged by Krungthep Turakij newspaper and

    Now 26 channel. Supavud predicted GOP would

    e)..'"Pand by3.7percentnextyear if merchandise ex'"Ports grew by 3 per cent.

    He believes that the export sector \vill recover as the global economy gets backon track, led by the United States, butgovernmentspendingisstill needed.

    "Apart from exports, Thailand's economy ne>..'t year will e>"'"Pand as a result of government investment and the acceleration of the budget disbursement in the last quarter of this year and the first quarter of2015. Ifall goes according to plan, government spendingwill boost private-sector confidence."

    Supavud said all eyes should be fixed on the second quarter ofnex't year as Thailand's economy usually slows during that period. Drought is often a problem around that time, and a new constitution is slated to be released that quarter.

    He said external risks from the divergence ofmajor economies' monetary policies and political situations abroad were other factors investors should keep an eye on. They included the election in Britain and the possibilityofthe United Kingdom breaking away from the European Union, Spain's election, and Catalonia's ongoing quest for nationhood. 0 0

    He urged the government to delay

    increasing the value-added tax until the end of next year as it could affect the growth ofthe economy because of a slowdown in consumption, as happened in Japan.

    Ekniti Nitithanprapas, deputy director-general of the Fiscal Policy Office, said the economy expanding less than 2 per cen ton average over two years "is never satisfactory for this country".

    He urged the government to be clearer on the timeline for its investment plans and to speed up the tendering process for its irifrastructure projects, which were crucial to im provingthe confidenceofpri\'ate investors.

    "Government spending of only 0 around 6 per cent of GOP is in a differentleaguefrom what exports can do

    . - at 70 per cent - but it is still important because it can boost private-sector confidence and it can help with the country's long-term economic growth," he said. .

    Ekniti added that only 20 per cent of the 2015 fiscal budget of Bt2.575 trillion had been disbursed by the government in the past tWo months after a target of35 per cent was set.

    He said more effort should be made 0 to accelerate disbursement while the

    current global environment of low

    interest rates presented agood oppor

    turiity for the government to borrow

    for investments. 0

    Visit Ongpipattanakul, managing economies were looking better. directorofTrinity Securities, said most However, he warned that aspillover economies around the world would effect from the contraction ofRussia's continue to fight possible deflation economy due to sanctions coupled next year as a result oflower oil prices. with lower oil prices was another pos0 Meanwhile a high level of liquidity sible risk for the world economy. would continue due to the expected This was because manycommercial introduction ofJapaI}'s first round and banks in the US and the EUhad investEurope's second round ofquantitative ments in Russian bonds and a brokeneasing. down of Russian economy could pos-

    Visit expects the SET Index to go sibly trigger a situation similat to theo beyond 1,600 points in 2015 as the global financial crisis in the late 2000s prospects of the Thai and world that began i.n the US.

    57-12-01 (กรม)57-12-01 (กรม) เพิ่มเติม57-12-01 (กรม)

    57-12-09 (ทั่วไป).pdf57-12-9 (ใบนำส่ง)57-12-9 (กระทรวง)