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Thailand ready to Support “ASEAN Business Travel Card”

Asean summit flags
ASEAN leaders called for support for the establishment of visa-free travel in ASEAN countries for ASEAN nationals and ASEAN immigration lanes

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Thailand has expressed its support for the development of an ASEAN Business Travel Card to ease the movement of ASEAN business people and investors.

In the weekly program “Yingluck Government Meets the People,” broadcast on the National Broadcasting Services of Thailand (NBT) and Radio Thailand on 27 April 2013, Prime Minister Yingluck Shinawatra spoke about her participation in the 22nd ASEAN Summit in Brunei Darussalam on 24-25 April.

Asean summit flags

ASEAN leaders called for support for the establishment of visa-free travel in ASEAN countries for ASEAN nationals and ASEAN immigration lanes

She said that ASEAN connectivity was one of major topics of discussion at the summit. Concerning the ASEAN Business Travel Card, she said, the concept was proposed by Brunei Darussalam, as Chairman of the 22nd ASEAN Summit.

The Prime Minister was of the opinion that it would facilitate travel among investors within the region and accelerate ASEAN connectivity. Thailand has already introduced exclusive “ASEAN Lanes” at Suvarnabhumi International Airport for ASEAN nationals.

Visa-free travel in Asean and Asean immigration lanes

ASEAN leaders called for support for the establishment of visa-free travel in ASEAN countries for ASEAN nationals and ASEAN immigration lanes. They also acknowledged the continued efforts in considering the proposal for an ASEAN Common Visa for non-ASEAN nationals that will facilitate business mobility and tourism.

Prime Minister Yingluck stated that, when the ASEAN Community is in place in 2015, other countries are likely to become more interested in investing in this region.

The question is how all ASEAN partners should work together as a family to promote investment.

Cooperation in boosting connectivity and reducing various gaps within the region will be needed

On the part of Thailand, she said, Thailand proposed the two-trillion-baht investment in infrastructure mega-projects. This concept involves ASEAN connectivity, linking Thailand with neighboring countries. As for connectivity under the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT), there are three projects being studied. They include the development of the Na Klua port in Trang province, the development of a logistics center in Thung Song district of Nakhon Si Thammarat province, and the construction of a motorway from Hat Yai to Sadao in Songkhla province.

As ASEAN approaches to the establishment of the ASEAN Community, the Prime Minister said that a high-level task force would be set up to review and make recommendations on ways to strengthen all ASEAN organs in helping ASEAN Member States to fully implement their commitments to realize the ASEAN Community and to better prepare ASEAN to meet the challenges of the future.

Regarding the situation in the South China Sea, the Prime Minister said that, Thailand, as the coordinator of ASEAN-China relations, proposed to host a dialogue to ensure the peaceful resolution of disputes in the South China Sea, taking into account the importance of the 10th anniversary of the ASEAN-China Strategic Partnership in 2013.

via ASEAN Corner — Thailand Supports “ASEAN Business Travel Card”.

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Asean

ASEAN, France formalise Development Partnership

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ASEAN, France formalise Development Partnership

JAKARTA, 4 MARCH 2021 – ASEAN and France convened the inaugural ASEAN-France Development Partnership Committee (AF-DPC) Meeting via videoconference today, marking the start of a formal partnership to strengthen their long-standing ties.

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Ecommerce

Disrupted by Covid-19, will South-east Asia’s super apps join forces?

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Disrupted by Covid-19, will South-east Asia's super apps join forces?
– Super apps explore inorganic growth options
– Gojek in talks with e-commerce company Tokopedia over $18bn merger
– Grab reported to be preparing for a public listing in the US
– Food delivery and financial services increasingly important segments

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After a year of external expansion and internal reorganisation due to Covid-19, South-east Asia’s super apps appear to be looking towards mergers and public listings as a strategy for future development.

In early January international media reported that Indonesian ride-hailing and payments giant Gojek was in advanced talks about merging with local e-commerce company Tokopedia, in a deal estimated to be worth $18bn.

Any potential merger between the two would be significant for Indonesia. The two local unicorns could create a digital powerhouse, with integrated services ranging from ride-hailing to digital payments, e-commerce and delivery.

A tie-up would also create numerous synergies, such as Gojek’s fleet being able to serve Tokopedia’s online shopping orders. However, there is also some overlap in the digital payments space, where Gojek’s GoPay platform competes with Ovo, which is 35% owned by Tokopedia, although there is speculation that Tokopedia may look to sell its stake in Ovo.

The news was followed by separate reports in late January that Grab, Gojek’s biggest competitor in South-east Asia, had selected investment banks Morgan Stanley and JP Morgan to help work on an initial public offering (IPO) in the US, set to take place in the second half of the year.

The Singapore-headquartered company, which operates ride-hailing, food delivery, e-payment and insurance services in around 400 cities across eight South-east Asian countries, is valued at around $16bn. Its IPO is expected to raise at least $2bn, which would make it the largest overseas share offering by a South-east Asian company.

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Vietnam

How Vietnamese goods entered into foreign distribution channels

Consumers around the world are interested in many Vietnamese agricultural products, such as mango, banana, lychee, longan, and dragon fruit. However, in order to get into foreign supermarkets like Aeon or Lotte, it was quite difficult, said experts.

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Hanoi (VNS/VNA) – For Vietnamese products to enter foreign distribution channels, it was necessary to be more professional and stable in product quality, said experts. 

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