Bangkok: Ekanit Nitithanpraphas, Deputy Prime Minister and Finance Minister, has organized the Connect the Dots team to address the problem of abnormal capital inflows, aiming to find effective solutions. Ekanit likened the Thai Bankers' Association to a lubricant for businesses, emphasizing the expedited efforts over four months to connect Quick Big Win, acknowledging the significant challenges involved.
According to Thai News Agency, Ekanit made this statement following discussions led by Prime Minister Anutin Charnvirakul with the Thai Bankers' Association. The discussions focused on exploring collaborative economic cooperation strategies amidst Thailand's numerous challenges. Ekanit emphasized the need for quick and sustainable economic revival, prioritizing economic restructuring to enhance competitiveness and address the long-standing household debt issue through joint efforts.
A key focus is on enhancing liquidity for SMEs, vital components of Thai entrepreneurship. The aim is to prepare SMEs for global competition by improving skills and workforce development within the system. The Prime Minister has engaged with various sectors, including the Federation of Thai Industries and the Thai Chamber of Commerce, to ensure comprehensive support.
The Thai Bankers' Association, seen as a facilitator for entrepreneurs, is promoting entry into new businesses, enabling high-performing employees to transition into the new economy. Through the Quick Big Win policy, implemented over four months, the initiative aims to build resilience in the Thai economy, preparing the country for future challenges with stability and foreign confidence. This significant challenge requires further detailed work.
Addressing recent irregular capital inflows, suspected by many to be gray capital, Ekanit has initiated discussions with relevant agencies. The Thai Bankers' Association has coordinated with the Bank of Thailand, the Anti-Money Laundering Office, and various departments of the Ministry of Finance. A team has been established to collaboratively address financial security system connections, aiming to identify and resolve the root causes of these inflows.