BAAC. repeated to follow the trace of the King’s Thinking. It campaigned the main root to do the sufficient agriculture. In the part of Sangsit, he moves forward to revive the agriculture ‘s dept to fight in the time of the slowing economy.

Mr.Ennu Suesuwan, Senior Executive Vice President , BAAC., said to www.iclicknews.com about the economic crisis that BAAC. joins with FRDFUND to campaign the farmer to do the sufficient agriculture ex. integrated agriculture.

“Besides, BAAC. campaigns the farmer to know how to do the household account. If the payment is over than the receiving, it should look for how to cut the payment. The farmer must learn how to use the production technique , which raw material can reduce the investment, the chemical fertilizer, etc.” Mr. Ennu said.

BAAC. also joins with Kasetsart University to do the technique how to next the organic fertilizer to increase the rice productive from 3 tons to 15 tons. The production will increase more than the previous time expected to be successful in the future. Assoc. , Dr. Sangsit Piriyarangsan, secretary of FRDFUND said that FRDFUN will change heavily in the next 3 months. FRDFUND will revive the farmer ‘s life. FRDFUND will buy the big loot of dept of the farmer around 3,600 farmers to help the farmer have the cash flow better than the previous time.

“We will stop the suffering of the farmer by the way that we will buy the big loot from every association of any bank.” Assoc. , Dr. Sangsit said.

Reviving the farmer is the big problem. So, any representative of any units must unite by the principle of Dhammapiban in the management, participation, and obviousness based on the Dhamma law.

Anyhow, the farmer who have not less than 1 million baht of the loan, FRDFUN will pay 50% of the average. From1.9 hundred thousand farmers show over 27,000 lists. There are 62,000 lists owning NPL.

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Daily turnover on the Thailand Futures Exchange should reach 20,000 contracts by 2009, according to Weerasak Nimkhunthod, an assistant vice-president at KGI Securities. Plans to launch single-stock futures would help increase turnover on the exchange, he said. ''The TFEX had trade of 5,000 contracts per day in 2007, and this year expects to reach 10,000. For the first 10 months, the average was 7,900 contracts per day, although in October alone, trade jumped to 14,000 per day,'' Mr Weerasak said.

He said the TFEX had grown rapidly compared with others in the region, as Taiwan's TAIFEX took five years and Korea's KOSPI Futures took three years to reach the 20,000 contracts per day. TAIFEX currently processes up to 70,000 futures contracts and 400,000 options contracts per day, while KOSPI manages up to 11 million options and 250,000 futures contracts on a daily basis. The TFEX was launched in April 2006 and currently offers two products, SET50 index futures and SET50 index options.

The exchange, a subsidiary of the Stock Exchange of Thailand, announced yesterday plans to launch futures contracts for PTT Plc, PTT Exploration and Production and Advanced Info Service. Trading will begin on Nov 24, with each contract representing 1,000 underlying stock. The TFEX plans to expand stock futures next year to other listed securities, including banks such as Kasikornbank and Siam Commercial Bank, property firms and resource companies. Gold futures are also planned to begin trade on Jan 26.

Mr Weerasak predicted that SET50 index options, introduced last month, would grow rapidly in 2009 as investors better understand the product.

Institutional investors are also expected to play a greater role in the TFEX due to the heavy volatility in the market. For 2007, 55% of trade on the TFEX was driven by retail investors, with local institutions accounting for another 25.5% and foreign investors the rest.

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The Bank of Thailand should cut its benchmark interest rate and reduce its issuance of short-term bonds to help relieve liquidity pressures in the market and encourage commercial banks to boost lending, according to the Thai Bond Market Association. Dr.Nattapol Chavalitcheevin, the president of the ThaiBMA, added that calls for the government to cut personal income and corporate taxes were well-intentioned but would likely have only a limited impact on stimulating the economy. While corporate tax breaks would help the country's largest companies, smaller firms with more questionable governance and accounting procedures would reduce the overall effect of tax cuts on the economy.

Dr Nattapol said boosting confidence was critical for reviving economic growth and investment. Concerns about tight liquidity conditions in the market were also overblown, considering that the central bank's outstanding short-term bonds in the market amounted to as much as 1.5 trillion baht.

As of October, local banks had 570 billion baht invested in central bank bonds, with another 200 billion in the bilateral repurchase market, representing funds that could instead be mobilised by financial institutions for new lending.

''We may be too concerned about the issue of liquidity. It's not a problem of lacking money, but rather one of confidence,'' Dr Nattapol said.

The problem is that those with funds lack confidence. Banks do not want to lend, investors do not want to invest. Restoring confidence is the most critical issue facing the Thai economy at this time. Dr.Nattapol said a rate cut by the central bank would help reduce returns in the short-term money market, putting greater pressure on financial institutions to shift their funds to the credit market.

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