2012 GROWTH PILLARS DEFINED

Bangkok Post - 17 January 2012

Exports, tourism and domestic expenditures are expected to drive economic growth this year, and the government plans to speed up measures to aid the tourism sector.

Former UKprime minister Tony Blair visits Mr Kittiratt at the Government House yesterday. The two shared their views on a number of issues such as theminimum wage increase, labour-skill upgrade and flood-prevention measures. Mr Blair was in Bangkok to deliver a keynote speech at the BoI Fair.

Deputy Prime Minister Kittiratt Na-Ranong says the Culture Ministry and other departments are in the process of upgrading tourism spots such as historical parks.

The Finance Ministry is discussing tax measures to boost the sector.

Tourism management requires cooperation among various agencies, so the government must be strict about safety measures to establish confidence among visitors, said Mr Kittiratt.

The government is sticking to its projection of 15% growth in exports as a significant economic driver this year.

Oil prices will be closely monitored, as they are a risk factor for the Thai economy and other countries that are trading partners and competitors.

Mr Kittiratt urged the government to maintain the balance between exports and domestic consumption while increasing income for low-income earners who will become significant in fuelling domestic consumption.

The daily minimum wage will increase to 300 baht in some provinces in April, while civil servants will earn a minimum 15,000 baht per month.