The private sector will try to hold on to products as long as possible even if costs increase.

Bangkok, The Chairman of the Thai Chamber of Commerce and the Board of Directors of the Thai Chamber of Commerce stated that despite the impact on production costs of both oil and Changing bearing rates or weather conditions cause operators throughout the system to be greatly affected. But will try to freeze the product for as long as possible. Advise the government to urgently find measures to stimulate the economy in all areas to help the business sector. This year's GDP is predicted to grow only 2.6 percent, even with digital wallets helping before the end of the year. Mr. Sanan Angubolkul, Chairman of the Thai Chamber of Commerce and the Board of Directors of the Thai Chamber of Commerce, said: Even though the cost of raw materials such as diesel is likely to increase. Even though the government will not renew the measure to fix the price of diesel fuel. In addition, the problem of exchange rate fluctuation has weakened, although it has a positive effect on the price of export products increasing. Or fr om the weather this year being dry and hot for a long time, having little effect on agricultural crops but making them more expensive. This factor is considered to have a significant impact on the overall industrial sector costs of the country. And as the private sector in many industries, especially food, will probably try to help hold product prices as long as possible in order to minimize the impact on people across the country as well. However, due to the impact of such costs, the private sector wants the government to quickly find various measures to help all industrial groups so that they are not affected too much. Especially when the 2024 budget can actually come into effect, the government sector needs to expedite the disbursement of budget funds to distribute them to various areas continuously and quickly. Even though there are factors outside the country such as the war that has occurred, it still has an impact on oil prices in the world market. Therefore, the private sector does not want to see th e use of oil fund money to support oil prices again, but if the oil price structure is to be adjusted to be more fair. It would probably be more appropriate. The private sector agreed to adjust the current oil price structure to be good and consistent with reality. In addition, he also sees that the measures that the government will take to help the people through the 10,000 baht digital wallet project are things that the government has announced that they will go ahead and do with all their might. But the private sector also wants this project to reach the people at the grassroots level. To stimulate people's spending, but what we want to cover are shops that want to be small shops as well in order to stimulate all groups. Therefore, this year it is considered that there are still factors affecting many aspects. Therefore, it is expected that the Thai economy will grow only 2.6 percent, even though there will be a digital wallet project to stimulate the economy in the 4th quarter. However, the private sect or does not agree with the guidelines for increasing the minimum wage to 400 baht nationwide. Because it will greatly aggravate the costs of the Thai SME industrial sector. By increasing wages only in the tourism industry first, it is considered acceptable. Because it is a supplement to Thai tourism, it should not be affected, but if the 400 baht adjustment is to be made nationwide, it should not be implemented. As for the matter of the Prime Minister inviting 4 financial institutions to discuss and asking them to help the people reduce interest rates. It is considered that if all 4 banks can reduce interest rates for customers, it is a good thing. But I think that the next financial management approach will be the responsibility of the Bank of Thailand in its supervisory capacity. It would be better for the government to take care of the fiscal aspect so that budget money goes to all areas. Source: Thai News Agency