PM promises to act quickly on baht surge | Bangkok Post: news

News >

PM promises to act quickly on baht surge

Further gains expected in wake of ECB rate cut

- +

Prime Minister Yingluck Shinawatra has reiterated her concerns about the surging baht saying that the government will work quickly to ease the impacts of the currency's rise on the private sector. 

The premier was responding to Federation of Thai Industries (FTI) chairman Payungsak Chartsuthipol, who met her at Government House yesterday. He asked Ms Yingluck to act urgently to deal with the baht's appreciation.

She said the government will assign agencies to consider the FTI's requests, while the government has implemented various policies to stabilise the currency including speeding up investment, promoting baht borrowing, and setting a requirement for state enterprises to pay foreign debts ahead of schedule.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

2 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments