Connect with us
The clever new way to send money abroad

Asean

Treat Asean as a single domestic market seminar

Banpu chairman Krirk-krai Jirapaet, a former commerce minister, yesterday suggested Thailand consider Asean its domestic market, to increase opportunities for domestic consumption and offset exports.

Published

on

asean flags

Banpu chairman Krirk-krai Jirapaet, a former commerce minister, yesterday suggested Thailand consider Asean its domestic market, to increase opportunities for domestic consumption and offset exports.

See more here:
Treat Asean as a single domestic market: seminar

Infrastructure services, if quickly improved, could promote a better investment climate in Thailand

Logistic costs, for example, are reported by firms to be higher for them in 2007 compared to 2004. This is particularly true for industries that are located in regions other than Bangkok and vicinity or the East where the major markets and ports are located. They include the food processing and furniture industries. The quality of public utility services (electricity, water, and telephone) have also declined from 2004 to 2007 as the period of service interruptions have risen. This is a reflection of the inadequacy of infrastructure services as demand from businesses have increased rapidly over the years. These service interruptions are costly for firms and will hurt Thailand’s competitiveness as other countries in the region such as China and Vietnam are quickly improving them.

Treat Asean as a single domestic market: seminar

Most of the infrastructure development in Thailand has been responsive to demand rather than forward-looking. Availability and accessibility appear to no longer be a challenge. The next step for Thailand is to put more emphasis on quality of service delivery, management, and sound regulation.

Click to comment

Leave a Reply

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

Asean

The ASEAN-Russia Trade and Investment Cooperation Work Program

Published

on

The ASEAN-Russia Trade and Investment Cooperation Work Program

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.

(more…)
Continue Reading

Most Read

Recent