Thai industry cries and asks for government’s help

Like the canned food exporters… other thai businesses are trying to ask for governement’s help.

Federation of Thai Industries (FTI) chairman said that the Joint Private Committee, which comprises FTI, the Thai Chamber of Commerce (TCC) and the Thai Bankers Association (TBA) would meet today to discuss how the business sector has been affected by rising costs.

The committee hopes that today’s discussion would help them identify the types of assistance the private sector would need from the government.

Skyrocketing energy price has taken its toll on both business operators and consumers for some time.

Now with the country’s minimum wages set to rise further next month, many are now expecting goods and service prices to increase even further. (TO)

You have to love those guys. They need a committee to understand hows rising costs have affected thai companies ! 😉

Good old rule in Thailand : cry and ask for God’s help, I mean, government’s help.

Now you understand why those companies, leaded by those old men, are not really able to handle and endure global competition…

Be smart, increase your productivity, R&D, look for new markets, change your processes, or even change your business model… Too complicated. Here is what is going to happen instead : not much, the government will give them a few peanuts (the peanuts bag is almost empty), and they will increase their prices. Period.

That’s the thai way. But before, it’s important to cry a little bit. To save face.

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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