GRASS-ROOTS ECONOMY IN FOR A BOOST

Prime Minister General Prayut Chan-ocha said he had high hopes that the grass-roots economy would do better after the “Economic Cabinet” green-lit two measures on Wednesday, one of them to help farmers. He said his regime was trying to accelerate disbursement of the state budget, but the need for transparency contributed to below-target spending in the first quarter of the 2015 fiscal year.

Prayut was speaking to the media after congratulating 10 Thai listed firms selected for the Dow Jones Sustainability Indices (DJSI) in 2014, at a special event arranged by the Stock Exchange of Thailand yesterday. Prayut said he had ordered state agencies to find a way to halve the inspection processes for government projects to speed up budget disbursements while ensuring that efficiency and transparency were left intact.

He also commented about the creation of a mobile application that would compile investment information from each state agency and make it available to the public and investors to increase transparency and attract more public-private partnerships (PPPs).

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