The Federation of Thai Industries is keeping an eye on the new economic team leader, believing that the new cabinet will be stable and preparing to submit a new white paper for the government to urgently solve economic problems. Mr. Payon Srivanich, Chairman of the Thai Bankers Association, as the chairman of the Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB), said that the JSCCIB is pleased that the government was able to form a new cabinet so quickly and move forward to solve the country's economic problems. The Thai Chamber of Commerce, the Federation of Thai Industries, and the Thai Bankers Association met with the Prime Minister to propose solutions to the economic problem amid the economic slowdown, where in the first 7 months of 2024, more than 757 factories have closed, household debt is high, and the informal economy is large. The JSCCIB meeting has therefore expedited the preparation of a white paper to present opinions and proposals to the government for consideration as gui delines for driving the economy forward. 'I believe that the government is united. Even though there are many parties, I believe that it will help solve the problems. The problem that needs to be solved urgently is the rapid transfer of money into the economic system and the transfer of money to vulnerable groups. The white paper will be quickly revised and presented to the government soon. However, the FTCC is keeping an eye on who the new economic team leader will be. Although there are rumors that the prime minister will be the head of the economic team, there has been no official announcement yet,' said Mr. Phayong. Mr. Sanan Angubolkul, Chairman of the Thai Chamber of Commerce, said that the coalition parties should be united. The votes in the parliament should be sufficient, but it still needs to be seen who will be the head of the economic team. He proposed that the government appoint one deputy prime minister as the head of the economic team to drive the economy forward. For example, during the COVI D-19 outbreak, Mr. Don Pramudwinai, Deputy Prime Minister and Minister of Foreign Affairs at that time, led the private sector to negotiate with the Chinese government to ask for help importing fruits. The deputy prime minister talking directly led to quick results. 'The economy is the most important engine, so I would like to have a deputy prime minister come and help look after it and coordinate with the private sector, which the NLA is ready to cooperate with the government in solving economic problems,' said Mr. Sanan. Mr. Thawee Piyapatana, Senior Vice President of the Federation of Thai Industries (FTI), said that this new cabinet, when compared to the previous one, is considered more promising than the previous one. On the day of the meeting with the Prime Minister, the FTI proposed returning the electricity deposit to large electricity users totaling 30-40 billion baht to increase the cash flow of entrepreneurs in the economic system. In the case of the public, the deposit has already been returned. Only the private sector remains, which is the latest news that the relevant agencies have discussed. Source: Thai News Agency