BANGKOK – The Thai Chamber of Commerce has presented short- and medium-term advice to the Abhisit government to work on in its bid to address the country's economic woes.
During his meeting with executives of the Thai Chamber of Commerce, Prime Minister Abhisit Vejjajiva was given advice in the form of short-term contingency plans to restore the government's confidence in the eyes of the international community and Thais alike, including recommending cabinet members having credibility, efficient and just law enforcement, restoring the confidence of law enforcement officers, and promoting public-private cooperation, especially at the provincial level.
The Chamber also advised the new government team to restore consumer confidence in the country's economic potential, to create jobs, reduce unemployment, stimulate the sluggish economy and promote trade and investment projects.
For the medium-term, the Thai Chamber of Commerce advised that the new government should develop and promote education, promote investment and tourist campaigns, develop logistics plans, cut or exempt income tax for companies listed in the Bangkok stock market, cut tariffs for imported materials, exempt income tax on fixed-deposit interest at banks, amend laws on retail and wholesale trade, amend laws on condominiums, extend the labour protection law for another two years, and promote uses of alternative energy, including nuclear energy.
