Open minded "Suphawut Saicheua" Advisor to the Pheu Thai Party Economic Committee

create jobs, increase income

and politics in moderation

Most importantly

"Creating good jobs and increasing more income for the people"

to prepare for the wave of economic crisis within this year.

and will lead to economic sustainability for the country

Hear the views from

"Mr. Supawut Saicheua", advisor to Kiatnakin Phatra Financial Group.

and one of the advisors to the Pheu Thai Party Economic Committee

through conversation with

"Thai Rath Online News Special Team"

"Mr. Suphawut Saicheua" Advisor to Kiatnakin Phatra Financial Group

and one of the advisors to the Pheu Thai Party Economic Committee

Pheu Thai Party's economic policy:

“There are many policies.

Including stimulating the economy in the short term

However, in my opinion

I think the policy is very important.

And has already presented to the Pheu Thai Party is the Reskill Upskill policy, which is a policy that will help people to have jobs, have a career and have a good income

to increase the potential of all people

because in the long run

If we can train people to find a career that they are very good at, people will have a better chance of making a living, especially in the specific professions that are in demand in the market, such as a programmer career.

or Data Scientist, etc.

for this issue

If the government can cooperate with the private sector that knows what skilled people are lacking,

Then proceed to accelerate the training of people.

in order to get personnel with knowledge and competence at that point to fill

It would be equivalent to making people have a career that has more income in the end.

At the same time, it is well known that at present there are many people who want to own an SME business, so the basic idea for the Pheu Thai Party economic team is

Going in helps reduce various steps.

To make new business easier and faster

including access to various funding sources

more and easier too

which for me personally

Let me reiterate that

These policies are the most important.” 

Perspectives on the global economic crisis:

“The United States and Europe are having inflation problems.

For this reason, the policy interest rate must be raised to keep inflation down.

But doing so when the economy slows, it starts to cause problems for the business sector, including the banking sector.

because when the policy rate is raised

Banks also find it harder to find liquidity.

As for asking

Will the US Federal Reserve or the Fed decide to raise interest rates to curb inflation again?

After the latest increase of

0.25%

until the policy rate of the Fed

Moving up to the

4.75-5%

level , I think no one knows.

How will the Fed decide?

But as far as following the news

It looks like there will be another interest rate hike.

If inflation does not decrease

Because the Fed is determined to bring down inflation.

which is a trend that occurs in both the United States and Europe at this time

In the end, they had to arrive in Thailand as well.

Which, well...maybe not as severe.

Because Thailand may not have to raise the policy rate as much as the US or Europe,

but if asked if the Bank of Thailand

Is it necessary to raise the policy rate?

The answer is... the National Bank will raise interest rates.

And will continue to raise interest!

(accent)

and for such a reason

Personally, I think that for Thailand, the best policy is the policy that has to help produce new products, find new jobs, that is, increase the supply side. Again, increase the supply side because the whole world is about to press demand because of the increase. Interest is pressing Demand, and in Thailand, interest rates are raised to press Demand because we are also afraid of inflation at some level.

As for when asked if the impact will come to Thailand, the answer is that it will gradually come, as can be seen from the price of goods and energy has moved up.

Including until the country's exports grow slower.

or may be deleted again

because the global economy will slow down

As such, Thailand must find a way for people to have jobs and have a good career.”

“So when will this crisis come to Thailand?”

Thairath Online Specialist Team

repeat

“Now it has arrived.

Look at the export figures.

In addition, the second quarter is usually the quarter when the economy is already weak.

Because tourism from abroad will weaken both in the second quarter and in the third quarter, so it will gradually come.

Bank of Thailand and the policy interest rate:

“Many people assumed that

Bank of Thailand

will continue to raise the policy interest rate

Which is now at

1.5%

and everyone expects it to be around

2-2.25% within this year

or may be overflowing into next year.

But within the next 6-9 months

We should see an increase in interest of about 0.5-0.75%,

which the Bank of Thailand hopes that when the interest rate is adjusted like this

Inflation will return to the policy framework by the end of this year.

But if ... not (emphasis on sound), it may have to increase the interest rate even more.

But if you're lucky, inflation goes down quickly.

It doesn't have to raise interest to that extent.

However, it all depends on inflation data.”

Thailand and the global economic slowdown:

“The growing economic crisis

The first thing that everyone has to adjust is to be careful of yourself.

I always repeat that

When talking about economic policy, we have to look at the results for each individual citizen.

So I don't often say how much GDP will decrease or increase.

because it is far from the public

for the people

We know that Thai people now have a problem with high household debt.

Then the interest rate goes up.

You are at risk

which if asked how to solve this problem

The approach for me is

Make everyone have a good job to do.

and have a high salary

in order to pay off the debt

Then I can take care of myself.

able to take care of family

Therefore, having a good job

which I often repeat

Therefore, it is the most important matter and here is the big picture for everyone who wants to have a good future.

Which it has to start with having a good job first.

New direction of Thai economy :

for the Thai economy as a whole

I have to ask which way to go in the big picture.

It has a way of walking in the past.

for example

We said we would be

Detroit of Asia.

We made auto parts.

We are the 5th or 6th car manufacturer in the world, but at this time, I think it's not anymore.

Because the current world trend is focusing on electric cars.

Which Thailand does not have enough competence in this matter.

Because we don't have lithium ore.

or cobalt ore

And our market is not getting bigger.

Because Thailand is entering an aging society.

So for me

Thailand must go in the direction of the service sector rather than the industrial sector.

Especially tourism services that have been upgraded to health services.

Especially medical treatment to take care of Thai people and earn money from foreigners as well.

Another issue is food, because Thai food is both delicious and popular all over the world.

Therefore, if we can add a matter of quality to

We will be able to sell food at a higher price.

But to get to that point

There must be serious reforms in the agricultural sector.

By bringing modern technology to help in the development of increasing productivity, etc. " 

Supawut Saicheua and populist policy:

“To me, populist policies should be popular with the people in the short term.

Because for me, when it is used…it will be gone.

It didn't make the economy.

Or the well-being of the people can be sustainable.

And it will be a huge burden in the future.

because the government will have to borrow and create more debt

That's why I didn't pay attention.

and did not mention at all

and opposite

If there is going to do that while the Bank of Thailand raises interest rates

It's like monetary policy goes one way.

While fiscal policy even went the other way.

And in the end...it will be profitable in the short term.

no long-term benefit

Therefore, I would like to try to focus more on creating sustainable jobs for the people.

Because if there is a sustainable career

have a good income

can surely reduce the debt for himself as well

Economic team VS political team :

“Politics is an attempt to make sense.

Therefore, let us have a long-term correct economic management standpoint.

Of course, in the short term, it may be necessary to take care of that point.

But in the end it had to come back to make the right fit.

Because democracy is a system that you will have to debate.

and you must find a point where

that is acceptable and suitable

But I would like to reiterate that you need to have knowledge and understanding of how the Thai economy will operate in the long run in order to achieve sustainability and people's well-being.

And the way to give money is not a way to make people live well in the long run!

which I think... everyone knows

Because the money distribution is to take the money of the people in the future to distribute to the people today.

And I think that part of it, as a citizen, will try to help the Pheu Thai Party move its economic policy in the direction that I think is right for creating a good future for the country. Frankly speaking, I I have already told you that my idea is like this.”

Mr. Supawut Saicheua ended the conversation with

Thai Rath online news team.

Thai Rath online news team reported

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