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01:27 lead to a more confident expenditure and a more confident investment in the money and production sector.
01:36 This is the first thing. The second is the geopolitics.
01:42 The conflict in different countries in the world and the future.
01:48 If the signals are clear that there will be a conflict or negotiations,
01:57 this will help a lot and make it faster.
02:00 Or at least, it will not expand the circle more than before.
02:04 It is still in the same pair and there is no change from the past.
02:11 For example, at the end of the year, we will be worried about the transportation of goods
02:18 that will pass through the Red Sea and may cause problems.
02:21 That is one thing.
02:23 If it is clear that it is under control,
02:29 we can travel by shipping in the same way.
02:34 This is a good picture that makes us more confident
02:39 that the cost of shipping will not increase.
02:42 The destination of goods that will be transported by ship will not be affected.
02:49 This is another important thing.
02:52 I think these two big things will be enough to answer
02:59 whether the Sino-Thai Economic Forum in 2065-67 will move smoothly or take off.
03:08 Let me expand on the situation of the currency.
03:11 The Fed said that the currency will be adjusted three times.
03:15 Will the Thai currency be adjusted as the Fed says?
03:18 If we look at the past example,
03:21 when the Fed rose 2-3 times, the Thai currency rose 1-2 times.
03:26 The Fed also fell.
03:28 I believe that Thailand will also fall.
03:31 The currency system is always fluctuating from high to low.
03:37 If we can't adjust it in time, we may lose this game.
03:40 It will be adjusted according to the world and the direction of the Fed.
03:49 There are countries that still have to follow.
03:53 Because now, all countries still hold the main dollar as an important asset.
03:59 When the Fed does anything, it will affect the world currency system.
04:06 What are the geopolitical problems that have arisen after the war between Israel and Hamas?
04:11 How much will it affect the Thai currency?
04:14 I believe it will be a short-term effect.
04:17 If we start to be calm, we will know how to avoid it.
04:23 When trading with the world market,
04:28 which products must pass that line?
04:32 Which products must be sold directly to Israel or other countries nearby?
04:38 Will it affect the trade?
04:40 If the trade is as usual,
04:43 the only thing left is that the fluctuation will reduce the purchasing power.
04:49 Or the situation in that country will not affect the economy.
04:55 This is the broad picture that we are looking at.
05:00 Currently, we can still send products to the markets around the world,
05:05 which are our main markets.
05:08 There will be some periods, for example,
05:11 when there is a strong situation in the Red Sea.
05:14 The ships of products will become unsafe.
05:19 Before this, the supply of products to Israel was limited.
05:28 In the past two weeks,
05:30 the supply of products to Europe and European ships has been limited.
05:37 This has a negative effect.
05:40 We must first take safety into account.
05:43 Many ships have announced that their products will not pass that line.
05:48 They will not pass the Red Sea and go to Suez.
05:51 These big products are the exchange between the Asian and European sides.
05:57 The Asian side will have more products to go to Europe.
06:01 In terms of products,
06:04 the impact will be at the end of the road to Europe.
06:09 The cost will be adjusted because the ships will go to Africa.
06:16 The shipping cost will increase by 15-20 days.
06:23 The shipping cost will increase and the time will be longer.
06:28 This will have an effect on both sides.
06:31 On the one hand, the European side will have to supply more and faster.
06:37 On the other hand, the cost may not be absorbed by the European side.
06:44 The cost of freight and the cost of purchasing and selling products has already increased.
06:52 The ships and the producers will have to absorb the cost.
06:56 But in the new period, if the situation does not end,
07:01 it will be the cost that affects the consumers on the European side.
07:06 The current rate of inflation is still high.
07:10 Europe is still slow.
07:12 What about the United States and China?
07:15 Our hope is that this year and next year,
07:19 China will be the first country to go to Europe.
07:22 The United States is still China.
07:25 The United States is still China.
07:28 The United States is still China.
07:31 China is quite different from what we expected.
07:35 Whether it's about sending goods to China
07:39 or about Chinese tourists coming to Thailand,
07:42 we are not sure.
07:46 The tourists who come here will have to find ways to fix the good relations we had.
07:52 They will have to continue to send goods and get better and better.
07:56 Especially, the communication system
08:00 must be down to the viral system that China has.
08:06 In the past, even in the movies or in the bad news about Thailand,
08:14 the Chinese tourists would believe in the virus.
08:18 This worries the tourists who come to Thailand.
08:21 We have to find a way to fix this.
08:24 In reality, it's not like that.
08:27 But it's important to communicate correctly.
08:30 Secondly, the economic situation in China
08:34 is still affected by the big issues of the Asan Harim Asap
08:39 and the trade war with other major countries.
08:43 Since the beginning of the trade war,
08:45 China has been trying to expand its investment in other countries.
08:49 This is one of the reasons why Thailand is happy
08:54 to have the transfer of its assets to Thailand.
08:58 Not only China, but other countries have recently
09:01 invested in Japan and Saudi Arabia.
09:05 Thailand is considered a very medium-sized country.
09:11 So, Thailand is happy to have the transfer of its assets to other countries.
09:13 In the past, besides the goods exported to China,
09:20 there was another side to it.
09:23 When the economy was down, China produced goods
09:28 at a time when it couldn't adjust its economy immediately.
09:32 Because it had to do an economy of scale.
09:34 China couldn't do small things.
09:37 So, the economy was down, but the prices were good.
09:41 When the exportation was not good,
09:45 China was facing the same problem.
09:47 The way China did it was to distribute goods quickly.
09:51 The prices were very low.
09:54 So, in some products,
09:58 if it meets or is similar to Thai products,
10:02 or even if it sells in Thailand,
10:05 the price will go up a lot.
10:07 But it will take a while
10:09 until the goods are distributed in a lot
10:12 that is affected by the slow economy.
10:16 If the economy recovers,
10:19 the production capacity will not be a big problem.
10:23 There will be a market to accept it.
10:26 As for the case of Chinese products,
10:29 as you said, it started to come into Thailand more.
10:33 But Thai products are quite affected.
10:35 What should be done to prevent it?
10:40 We have to look at the standards we have.
10:46 But we have to be more strict
10:48 about the standards of the products.
10:50 If the products are produced in accordance with the standards,
10:55 the competition will not be very intense.
10:58 Because everyone's budget is the same.
11:01 So, if the products are not in accordance with the standards,
11:04 it will clash with the products
11:06 that are made by people with high standards
11:09 and cannot compete.
11:12 Because the cost of production is higher.
11:15 So, we have to be more strict.
11:19 We already have the standards.
11:21 Secondly, we have to increase our competitiveness.
11:30 We cannot just look at China's black horse race.
11:34 We have to think about what we cannot compete with.
11:39 We have to fix 1, 2, 3, 4, 5.
11:41 This is about the people themselves who have not adjusted to this.
11:45 Is this a state-run matter?
11:47 Is there a rule that is too much?
11:49 Is it too much of a necessity to block our competition?
11:54 Are there too many steps?
11:57 Or is there something that can be done in a digital platform
12:01 that can reduce the cost of production?
12:04 Or can it be done more conveniently and quickly
12:09 for the suppliers?
12:11 But it can be controlled.
12:13 The IT is very helpful now.
12:16 We have reduced the time it takes to travel from one company
12:20 to another by the IT system.
12:25 We have to find a way to guarantee this through the IT system.
12:30 And we have to reduce the number of people.
12:32 We have to reduce the amount of oil.
12:34 We have to reduce the amount of carbon.
12:37 It can be fixed in many ways.
12:42 We have to make it more convenient to use digital technology
12:46 and to test it instead of using people who have to ride a motorcycle
12:53 to wait in line.
12:57 After the stamp, we have to run back to the company
13:01 to collect the documents.
13:03 Then we have to run to the Ministry of Finance.
13:07 Then we have to go to the shipping company
13:11 to collect the documents.
13:13 Then we have to run to the bank to collect the money.
13:16 These steps, 20-30 steps,
13:22 can be done in one step.
13:23 If we can link all the systems in one digital system,
13:28 we can just have a single mobile phone
13:30 and we can ship the goods.
13:32 We can reduce the cost.
13:34 We have to develop ourselves.
13:36 What about the new markets?
13:38 What do you think about the future of Thai Group 10?
13:42 We won't leave the old markets.
13:45 We have to see how the consumers in those markets
13:48 change their behavior.
13:51 We have to have new products to add to the market.
13:54 We won't leave the old products.
13:56 Especially when the market is slowing down,
14:00 the old products are selling well.
14:02 Especially the cheap products
14:04 because people don't want to pay a high price.
14:06 Whatever it is, it doesn't have to be very valuable.
14:11 It sells well because people want to be safe.
14:15 They want to survive first.
14:17 But when the market returns,
14:20 the old products will return.
14:21 The main markets,
14:24 whether it's China, Japan,
14:27 and what's great about SMEs,
14:31 are in Asia.
14:33 Because the system in Asia is not very different from ours.
14:36 SMEs can easily access these markets.
14:39 If SMEs don't have a lot of capital,
14:43 and they look beautiful,
14:46 and they want to sell to Europe,
14:49 they have to look carefully at what products
14:51 are sold to Europe.
14:53 And can they really increase their value?
14:55 Because there are a lot of resources to go to Europe.
14:58 It's not just about the capital.
15:00 Just the standard is not enough.
15:03 For example, food.
15:06 In our country, in Asia,
15:08 we have GMP, GSP, and OYO.
15:11 We can sell them.
15:13 But we can't go to the markets.
15:15 Or even the word "organic."
15:18 If it's organic Thailand,
15:19 we can put it in our mall.
15:21 Or in the Asian zone, we can accept it.
15:24 But when it comes to the EU, it's not.
15:26 It has to be EU organic.
15:28 So you have to understand
15:30 what the cost is of this system.
15:33 Can SMEs fight it?
15:35 Because if you pay for everything,
15:38 and the production is too low,
15:41 it's not worth it.
15:43 The cost will be reduced from the start.
15:47 If you look at the market,
15:48 how is the Central Asian market?
15:51 Central Asia is a market
15:53 that still has high purchasing power.
15:56 Even in the slow economic period,
15:59 it can still be introduced.
16:03 Especially,
16:05 Central Asia has to learn
16:08 that there is a country
16:10 that we give a lot of importance to.
16:12 We have stopped trading with them for 32 years.
16:16 That's Saudi Arabia.
16:17 Now, we're back in the relationship
16:20 and we're having a very good relationship.
16:23 Saudi Arabia is fully welcoming us,
16:28 whether it's investment, export,
16:31 or even investment in Thailand.
16:33 Every corner is now wide open.
16:36 It depends on the ability of the organizers.
16:39 It depends on the ability of the process
16:43 from the beginning to the end.
16:45 The process is important.
16:46 Even if our products are good
16:48 and we sell them to other countries,
16:50 if the process is not good enough,
16:55 the stocking and distribution of products
16:58 will be slow.
17:00 But of course, everything has to be developed.
17:03 There is a country that is an example
17:07 in the Central Asia.
17:09 In the past 20-30 years,
17:11 it has developed and done very well.
17:14 The United Arab Emirates,
17:15 which is a Dubai economic city,
17:18 has hired people from other countries
17:22 to manage their products.
17:25 They don't have to do anything.
17:28 When it comes to buying and selling,
17:30 we are similar to Dubai.
17:32 There are people from India, Bangladesh,
17:39 and the Philippines in our zone.
17:43 They are good at dealing with prices.
17:45 They know how to negotiate.
17:48 Especially in India,
17:51 it is very difficult.
17:53 They are very good at negotiating.
17:55 Every time they meet, they have to negotiate.
17:57 But there is a real buying and selling.
17:59 There is a follow-up until the price is successful.
18:03 Then the products can be distributed in the market
18:06 in many corners.
18:08 There are many types of market channels.
18:12 There are also online channels.
18:14 This is an example.
18:17 It takes time to develop.
18:21 Sao is now fully open.
18:23 There is still a chance to develop
18:25 such a market channel.
18:27 Those who are going to Sao
18:29 may think it takes a lot of time.
18:31 But if we start well,
18:34 the base of the business will be with us.
18:37 It is interesting.
18:41 You said that the first half of the year
18:42 was very calm.
18:44 Do you think there will be any factors
18:46 that will help you pick the game?
18:48 As I learned,
18:50 the world economy is coming back
18:53 from the confidence of consumers,
18:56 from the confidence of the producers,
18:58 from the clarity of the country's monetary policy.
19:03 We have been very stuck in the past.
19:06 It has come to the point where the producers
19:10 are afraid to produce too much.
19:14 They are afraid that the capital will be too much.
19:16 Because the capital is already sent
19:18 from the buyers.
19:20 The buyers order to buy the products.
19:23 We do not cancel the products.
19:25 We do not cancel the purchase and sale.
19:27 But we tell them to keep the goods first.
19:29 Because it will be the capital that will be sent.
19:31 Let the capital be with the producers first.
19:34 The producers have to think
19:36 if the capital is with us,
19:39 if we can handle it.
19:40 So we have to reduce the production force.
19:42 The picture is here.
19:44 In 2065,
19:46 the clarity of the country's monetary policy
19:48 is very important.
19:50 It will create confidence
19:52 for both consumers and producers.
19:54 The economy will be able to recover.
19:56 This is the point.
19:58 Do you have a number?
20:00 In the new year,
20:02 how much will the safety increase?
20:04 In 2066,
20:07 we expect to be less than 1%
20:09 to 2%.
20:11 In 2067,
20:13 the minimum is
20:15 to maintain the same status
20:17 in a period that may not fully recover.
20:22 But if the picture is clear in the middle of the year,
20:25 we think it should be at least 0%.
20:30 It has not increased.
20:35 So maintaining the same status in 2066
20:37 may increase by 1-2%
20:40 in the latter half of the year
20:42 if the picture becomes clearer.
20:44 Lastly, as a private sector,
20:46 what would you like to say to the government
20:48 to develop the import and export of Thai products?
20:51 I think that
20:53 apart from the private sector,
20:55 we have to adjust all the time
20:57 according to the changing situation of the global market
20:59 and the situation of competition.
21:01 The state has an important role
21:04 in various policies.
21:05 We have to do it from the beginning.
21:08 For example,
21:10 if agricultural products
21:12 are sold to other countries
21:14 that produce the same products as us,
21:16 we will be worried that we cannot compete.
21:20 It has to come from the beginning.
21:22 The beginning is the farmer.
21:24 The production factor
21:26 that the farmer will use,
21:28 the fertilizer, the drug,
21:30 or even the manned-pun,
21:33 how much it is,
21:34 whether it can be invested,
21:36 whether the seeds can be developed
21:38 as fast as the global market,
21:40 whether it can withstand diseases,
21:42 insects,
21:44 and the production factor will be higher
21:46 by reducing the same amount of farmers.
21:48 But the production factor will be higher.
21:50 This is a challenge.
21:52 The varieties that have been developed
21:54 and have improved quality
21:56 and taste
21:58 cannot be stopped.
22:00 Or the technologies
22:02 that help the farmers more
22:03 because the farmers are now
22:05 over 50 years old.
22:07 They don't have the resources
22:09 to dig the soil all the time.
22:11 How can the technologies
22:13 be the technology
22:15 that the investors can afford?
22:19 Because in the past,
22:21 the ones that couldn't afford
22:23 but the services were the middle ones.
22:25 There are good examples
22:27 such as renting drones.
22:29 There are companies that invest in drones
22:31 to provide services.
22:32 But if you say that
22:34 everyone has to buy a tractor,
22:36 it's difficult.
22:38 If they have only 10 or 20 acres,
22:40 it's not worth it.
22:42 You can't afford to buy a tractor
22:44 for a million baht.
22:46 But if you compare it
22:48 to other countries
22:50 that are competitive,
22:52 the area they do it in
22:54 may be a large-scale
22:56 or a very large area.
22:58 A tractor for a million baht
23:00 is like a kid buying a tractor
23:01 for 10 or 20 million baht.
23:03 It can do everything
23:05 in the same machine.
23:07 It can dig, sow, sow seeds,
23:09 pick wheat, sow color.
23:11 If you invest a lot like that,
23:13 it must be worth it.
23:15 As I said,
23:17 if there is a model
23:19 for renting
23:21 and providing services
23:23 with the middle ones,
23:25 it will help
23:27 the business grow faster
23:29 because the economy
23:30 is still difficult
23:32 to adapt.
23:34 There are many factors
23:36 to invest in
23:38 and buy a tractor
23:40 to share.
23:42 This is another thing
23:44 that must be done together.
23:46 The government still has to take care
23:48 of the big issues
23:50 like energy,
23:52 whether it's electricity,
23:54 oil, or anything else.
23:56 It's still a big issue.
23:58 It's still a necessity
23:59 for the government.
24:01 We have to look at
24:03 the world's environment.
24:05 We have to look at
24:07 the products
24:09 that used to release carbon.
24:11 How can we reduce carbon?
24:13 Or how can we reuse
24:15 and recycle better?
24:17 We have to have a plan
24:19 to do all of these together.
24:21 I heard that this year
24:23 you are still tired
24:25 but you are still full of opportunities.
24:27 We have to work together
24:28 for the people and the government.
24:30 Thank you, Mr. Wisit.
24:32 [BLANK_AUDIO]