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Thai Airways geared up for Asean visitors at Hua Hin Summit

Thai Airways International (THAI) is providing ground-handling services for Asean leaders and dialogue partner leaders at Hua Hin airport, during the 15th Asean Summit from today until Sunday.

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Thai Airways International (THAI) is providing ground-handling services for Asean leaders and dialogue partner leaders at Hua Hin airport, during the 15th Asean Summit from today until Sunday.

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Thai Airways geared up for Asean visitors

Demand from businesses have increased rapidly over the years in Thailand

Recent crashes in Thailand’s GDP and export markets, plus the drop in tourism fuelled by recession and last year’s domestic political turmoil, have dispelled illusions that the country is insulated from the effects of the global downturn. Numerous indicators of economic health are hitting the red, foreign investment is evaporating, unemployment is surging, and credit lines are freezing up. Thailand’s government still says there is a possibility of positive growth this year, despite facing a rougher ride than in the 1997 Asian financial crisis as conditions infest the real economy on a broader scale.

Rapid industrial expansion and population growth have outpaced environmental management, resulting in sharply increased pollution levels (e.g. solid and hazardous waste, air, noise, and water). For example, fine particles in Bangkok’s air exceed WHO standards by 2.5 times, and other air pollutants are also causing major health impacts. Overall, it is estimated that air and water pollution costs the country 1.6 – 2.6 percent of GDP per year.

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Thai Airways geared up for Asean visitors

Infrastructure plays a crucial role in economic development and enrichment of living standards. Various stages of economic development require different levels of infrastructure upgrades or enhancements to ensure infrastructure in fact facilitates economic activities. Thailand has been facing a series of infrastructure challenges, both new and well-established. To name a few: there is a need for infrastructure services to catch up with economic development and international competition, manage the growth in urban areas, respond to global energy prices, and ensure basic services for the poor.

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Trade

Opportunities in Cross-Border Logistics to Vietnam

Cross-border trade has become increasingly important for Thai economy, especially given that Vietnam, as a main cross-border trade partner, contributes over 60% of Thailand’s total cross-border trade.

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Cross-border trade between Thailand and Vietnam tends to grow by approximately 30%CAGR over the next 3 years.

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Asean

ASEAN and Turkey to strengthen partnership

ASEAN and Turkey further exchanged views on ways and means to enhance ASEAN-Turkey cooperation in various areas stipulated in the PCA, including on countering terrorism and violent extremism, trade and investment, e-commerce, public-private partnership

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ASEAN, Turkey reaffirm commitment to strengthen partnership

JAKARTA, 19 July 2019 — In an effort to push ahead with concrete cooperation, ASEAN and Turkey yesterday adopted a five-year roadmap to forge collaboration in areas of mutual interest.

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Asean

Electric vehicles (EV) industry gaining momentum in ASEAN

The development of electric vehicles (EV) is gaining momentum in Southeast Asian nations, as such vehicles require fewer parts and barriers to market entry are lower compared to engine-powered vehicles, according to The Yomiuri Shimbun.

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The development of electric vehicles (EV) is gaining momentum in Southeast Asian nations, as such vehicles require fewer parts and barriers to market entry are lower compared to engine-powered vehicles, according to The Yomiuri Shimbun.

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