Connect with us


Government tells doomsayers to hush up



Government tells doomsayers to hush up | Thaiger

BANGKOK (AFP): Thai Prime Minister Thaksin Shinawatra today admonished bankers and economists for a rash of gloomy pronouncements on the economy, saying their comments were inaccurate and damaging. “You don’t know more than the government, and your comments are based only on feelings,” he said. “It will affect the country and it will make the public feel discouraged.” The Bangkok Post said Tuesday that Thaksin and his finance minister, Somkid Jatusripitak, had contacted top economists and business leaders to tell them to stop making predictions on the ailing economy. The pair wanted an end to what they saw as “destructive comments” that damaged sentiment, a government source told the daily. Thai Bankers’ Association president Chulakorn Singhakowin set off the row last week by saying that the nation faces another eight years in the economic doldrums. “If we keep going like this, we will not be able to recover for the next eight years,” he said, pinning the blame on the government’s failure to carry out structural reforms. Bangkok Bank executive chairman Kosit Panpiemras joined the debate yesterday, saying his institution expected the economy to grow by just 1.0-2.0 percent this year and 2.0-2.5 percent next year – well below government forecasts. Somkid today rejected Chulakorn’s prognosis for an eight-year slump, saying the economy could pick up much more quickly, thanks to his government’s stimulus initiatives. “The Bankers’ Association chairman, who is in a position to help the government, should be careful about every word he says,” Somkid warned.


Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Crime2 hours ago

Author Salman Rushdie stabbed at New York lecture

Transport7 hours ago

Daily trains begin between Malaysian border and Bangkok

Coronavirus (Covid-19)9 hours ago

Virologist predicts most of Thailand will have had Covid by 2023

Sponsored2 days ago

BKFC THAILAND 3: Moment of truth set for September 3

Transport9 hours ago

Bangkok gets 20 new electric buses next week

Crime10 hours ago

Armed robber escapes with gold worth 800,000 baht in Thailand

This is Thailand11 hours ago

Similarity of Mothers Around the World | Thai Mother’s Day 2022

Join the conversation on the Thaiger Talk forums today!
Crime11 hours ago

Foreigner faces prison for Parrotfishing in Thailand

Bangkok12 hours ago

Woman escapes death after car hit by fallen debris in Bangkok

Crime13 hours ago

Thai paramilitary ranger kills two, injures one after row in bar

Indonesia14 hours ago

Unexplained plane mysteriously sitting in a field in Bali

Cannabis14 hours ago

Thailand getting high on cannabis boost to tourist economy

Politics15 hours ago

Anupong says he will leave government with PM Prayut & Prawit

Tourism16 hours ago

Thailand’s economy grows but it still misses China’s cash

Thailand16 hours ago

Bars and clubs in Thailand proposed to open until 4.00 am | GMT

Bangkok17 hours ago

Three bars shut down in Bangkok lacking licenses, Covid safety

Thailand11 months ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand1 year ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism1 year ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket1 year ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism1 year ago

Phuket Thai food treats you need to try | VIDEO

Thailand1 year ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism1 year ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11