Abhisit, leader of Democrat Party, presented yesterday his economic platform.
“Abhisit said the reserve requirement was destroying the capital market. “The new government has to revoke it as soon as possible.” His statement drew applause from the audience. “
FOREIGN BUSINESS ACT
“He also said the party would halt the process to amend the foreign business law. “There should be some sort of protection, but that should be based on the international standard. The law affects many foreign-owned companies already operating here. It creates confusion on the government’s policy direction.”
On this subject, he was much more… evasive. “Compulsory licensing should be the last choice. I think the threat to impose licensing should produce almost the same result as actually imposing licensing. In fact, we can provide the public with cheaper drugs by forming a group of buyers.“
“The tax code would be simplified to ease complications for businesses, while the overall tax base would be expanded to reduce evasion. Corporate tax rates would also be reduced to 25% from 30% now under the party’s platform.” (Bangkok Post)
Here is the surreal part… “Citing the goals to reach within four years if the party is elected, Abhisit said it would reduce transportation costs by 25-30 per cent, double the country’s income from tourism and service sectors, and increase farmers’ income by 40-50 per cent.
A Democrat government would also create 400,000 job positions, increase real gross domestic product (GDP) per capita to over US$3,000 (Bt102,510) and provide free education until high school, he said.” (Nation)
He forgot : and free hair cut for everybody. Ah… politics. However, we could argue that it’s a higher level compare to the “if you want to be rich, vote for us” of the Matchima Thippatai party (read here)
I will risk a forecast : Democrat won’t have a majority. It’s likely that the “economic platform” will become a nice… souvenir.