Asean
No shift of foreign investment from Thailand to neighbours
The Federation of Thai Industries (FTI) affirms that it sees no sign of a shift of investment by foreign investors from Thailand to its neighbouring countries.
Speaking after meeting with FTI chairman Payungsak Chartsutipol and his delegation, Deputy Prime Minister Trairong Suwannakiri said that despite the recent political riot, the FTI has seen no sign until now of foreign intentions to shift investment from Thailand to its neighbours.
The FTI also assured him that it would help the government clarify what happened in the recent policy turmoil to boost understanding among foreign investors.
Many believed the clarification made by the FTI would more reliable than that made directly by the government, Mr Trairong said.
Regarding the FTI's proposed establishment of a Thailand Rehabilitation Fund initiated with Bt10 billion, Mr Trairong said details of the proposal remained unclear and must first be approved by the Joint Private-Sector Committee.
via FTI: No shift of investment from Thailand to neighbours.
Tourism
Can border reopening revive tourism in South-East Asia?
In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19 restrictions led to an 82% fall in arrival numbers.
After 18 months of travel restrictions, a number of countries in South-east Asia have begun opening their borders to foreign visitors to stoke recovery in their respective tourism industries.
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ASEAN and Russia recently agreed to enhance and widen economic cooperation at the 10th ASEAN Economic Ministers (AEM)-Russia Consultations held in September 2021, including by adopting a revised ASEAN-Russia Trade and Investment Cooperation Work Program for the 2021-25 period.
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