Connect with us
The clever new way to send money abroad

Asean

Thai Prime Minister to visit Malaysia Next Week

Thai Prime Minister Yingluck Shinawatra will visit Malaysia on Monday, the introductory trip to the last remaining members of the Association of Southeast Asian Nations (ASEAN) since she took office in August of last year.The visit was aimed at strengthening bilateral relations between the two neighbouring countries, which share some 650 kilometers of border.The trip was postponed from October of last year due to the flood crisis in Thailand.The Thai premier would take this opportunity to affirm close ties between Thailand and Malaysia along with showing Thailand’s readiness to cooperate with Malaysia at a bilateral level and under the ASEAN framework.During the one day visit, Ms Yingluck was scheduled to meet her Malaysian counterpart Najib Tun Razak to discuss bilateral issues including a plan to revive the existing cooperation mechanism as Thailand would propose to host the Thai Malaysia Joint Commission (JC), Joint Development Strategy for Border Areas (JDS) during the first half of 2012 to lay groundwork for the 5th annual summit meeting between Thai and Malaysian leaders which Malaysia was expected to host.Thailand and Malaysia would also seek close cooperation in border security including drug trafficking, human trafficking and arms smuggling.Cooperation under the Indonesia-Malaysia-Thailand – Growth Triangle (IMT-GT) and economic strategic development for ASEAN Economic Community (AEC) was also included in the agenda.Ms Yingluck would also invite the Malaysian leader to attend the 21st World Economic Forum on East Asia that would be held in Thailand during May 30-June 1. (MCOT online news)

Published

on

Petronas Towers Kuala Lumpur

Thai Prime Minister Yingluck Shinawatra will visit Malaysia on Monday, the introductory trip to the last remaining members of the Association of Southeast Asian Nations (ASEAN) since she took office in August of last year.

It is clearly not in our interest to keep guests at our hotels when it is not safe to do so and we are the first to respond to any threats to safety. I urge the foreign embassies and media to give the private sector more credit and to share responsibility with the private sector in minimising the extensive damage that comes from overplaying the danger to tourists.

Malaysia to cooperate with Thailand ending violence in Southern Provinces where an ethnic separatist insurgency is taking place, predominantly in the Malay Pattani region. Thailand’s Foreign Minister Surapong met with the Foreign Minister of Malaysia and the Executive Director of United Nations Office on Drugs and Crime UNODC.

In his bilateral meeting with Dato’Siri Anifah Aman, Foreign Minister of Malaysia, Foreign Minister Surapong reiterated that Thailand attached great importance to enhancing its relations with neighboring countries. In this regard, the Foreign Minister informed his Malaysian counterpart of Thailand’s readiness to host the 12th Meeting of the Thailand-Malaysia Joint Commission and the 3rd Meeting of the Thailand-Malaysia Committee on Joint Development Strategy JDS this year to prepare for the 5th Meeting of the Annual Consultation between the Prime Ministers of Thailand and Malaysia to be hosted by Malaysia.

Many U.S. businesses, however, enjoy investment benefits through the U.S.-Thailand Treaty of Amity and Economic Relations (AER), originally signed in 1833. The 1966 iteration of the Treaty allows U.S. citizens and businesses incorporated in the U.S., or in Thailand that are majority-owned by U.S. citizens, to engage in business on the same basis as Thai companies, exempting them from most of the restrictions on foreign investment imposed by the Foreign Business Act. Under the Treaty, Thailand restricts American investment only in the fields of communications, transport, fiduciary functions, banking involving depository functions, the exploitation of land or other natural resources, and domestic trade in agricultural products.

Prospective U.S. investors who would like to benefit from the Treaty must first verify their nationality by obtaining a certified letter from the U.S. Embassy in Bangkok. The investor must then present the letter to the Ministry of Commerce, along with an application form for a business operation certificate. This process typically takes less than one month. Notwithstanding their Treaty rights, many Americans choose to form joint ventures with Thai partners, allowing the Thai side to hold the majority stake because of the advantages that come from familiarity with the Thai economy and local regulations.

 

View post:
Thai PM to visit Malaysia on Monday

1 Comment

1 Comment

  1. Jeramiah Washington

    February 20, 2012 at 4:43 pm

    What extremely positive news about Thailand and Malaysia cooperating in terms of the on-going violence in Southern Thailand. The situation has not been good for quite some time now.
    What I can’t work out is: I thought there was a challenge against this Amity treaty, with the EU calling it unfair. I kind of wish I was American right now. The big question is, though, why do the Americans get such special privileges? The Thailand amity treaty sounds like a great deal for American citizens. I wonder if it is still legally binding? The blog on the Thai law forum would seemingly suggest so.

Leave a Reply

Asean

The ASEAN-India Trade in Goods Agreement

Published

on

The ASEAN-India Trade in Goods Agreement

The ASEAN-India Trade in Goods Agreement (the “Agreement”) is a trade deal between the ten member states of ASEAN and India.

(more…)
Continue Reading

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.

Published

on

Ko Samed deserted pier

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.

(more…)
Continue Reading

Most Read

Recent