Increased Thai exports expected within three months

BANGKOK, May 29 (TNA) - The Federation of Thai Industries (FTI) says that increased national exports are expected over the next couple of months, thanks to the government's new measures to take care of the country's overall economic condition. FTI Chairman Payungsak Chartsutipol told reporters on Wednesday that he believes Thailand's export prospect will be improving within three months, after Prime Minister Yingluck Shinawatra and her economic team have discussed 22 measures to be implemented to handle the Thai baht value, to keep the national economy stable and to protect domestic industries. Payungsak acknowledged that the new measures represent coordinated work among agencies concerned, which should boost confidence in the Thai economy among private business operators in the country and international investors. According to the FTI chair, the new measures include the Thai government's control on capital inflows with provisioning requirements and imposition of foreign currency exchanges and exchange fees to curb speculation. The FTI chief said that the measures can be implemented right away and will not shock markets, as capitals for real investment and speculation have been clearly separated and the Bank of Thailand or BOT normally intensifies needed measures gradually. The FTI chief noted when the Thai government can manage the baht value well in comparison with the currencies of the country's trading partners, Thai exports will then be recovering. (TNA)