Analysts expect The electric train group received positive results after “Suriya” announced the acceleration of the 20 baht fare policy, asked for 6 months to negotiate with the private sector, and will give it as a New Year’s gift. Red-Purple Line electric train pilot
Mr. Kornphat Worachet, Director of Research and Investment Services, Krungsri Patanasin Securities, said that from the policy announcement to Parliament by the new government yesterday. There are still no urgent policy details/guidelines. That has been announced includes Digital Wallet, reducing the burden of energy costs, suspending farmers’ debt, accelerating the tourism sector. The market is waiting to follow the expected more details at the Cabinet meeting tomorrow (Sept. 13).
As for the new matter that appears to be an additional urgent policy, it is
1) 20 baht electric trains throughout the line will begin immediately. By collecting concessions for all private electric train routes to negotiate, according to Mr. Suriya Juangroongruangkit. The Transport Minister expects it will take 6 months, while routes that collect fares by the government Those hiring private operators to operate buses) such as red (Taling Chan – Rangsit) and purple (Bang Sue – Khlong Bang Yai) will be able to proceed first. Viewed as positive for the electric train group (BTSGIF, BTS, BEM) on the main line passengers (Collect your own fare) will increase from red line users. rising purple
2) Debt suspension details The Ministry of Finance has begun working to find ways for agricultural debt to be processed through Bank for Agriculture and Agricultural Cooperatives (BAAC) for 3 years. The next part that is expected to continue is to help SME debtors and farmers affected by COVID and debtors who take out car loans.
As for the medium-long term policy, 1) open the FTA trade door 2) develop a new S Curve such as green industry. Advanced technology Start-Up and infrastructure investment 3) Create agricultural income Focus on leading market needs and 4) E-Government
for tourism promotion Currently, the number of tourists is expected for the 9th period. The first month of this year There is likely to be around 20 million people combined in the 4th quarter of 2023. Looking at the opportunity to come back and accelerate at a high level From the gradual introduction of free visa measures for Chinese tourists (expected to take effect on 1 Oct.), followed by India. Therefore, we still believe that tourists this year will not be less than 28-30 million people and believe that continuing to stimulate in the medium-long term has the opportunity to support tourists past the level of 39.4 million people in 2019 faster than the market expected.
Yesterday (September 11) Mr. Suriya Juangroongruangkit Minister of Transport Clarifying the discussion of government policy of Mr. Surachet Paweenawongwut, MP from the Kao Klai Party, who is confident that the government cannot carry out the policy of the electric train and the 20 baht common ticket throughout the line, said that he would like to confirm the policy of the electric train of 20 baht throughout the route. The process will begin immediately. To create equality for people with low incomes It will collect all private bus operating concessions on every route and will set up a committee to negotiate with every concessionaire. It may take time to gather information. It will take approximately 6 months to complete. After that, the 20 baht travel expense policy will be able to be implemented immediately along the route.
The state’s electric train routes, both the Red Line Taling Chan – Rangsit, with 13 stations, and the Purple Line Bang Sue – Khlong Bang Phai, with 16 stations, currently cost 14-42 baht. The Transport Minister emphasized that Will order that the price be adjusted to 20 baht along the entire route within 3 months as a gift to the people during the New Year festival.
For the Green Line which Bangkok is responsible for doing Will have to wait for Bangkok Deal with problems first. But the Ministry of Transport Ready to provide support based on the principle of accuracy. and adhere to the interests of the people as the main
In the case of the Orange Line The Transport Minister said that because he had just taken the position He would like to consider and examine every aspect of the matter, including the law and the public’s interests first, while emphasizing that he will proceed with transparency. for the benefit of the country and the people.
Source: Thai News Agency