Thai companies are increasingly investing in neighboring ASEAN countries. While these investments have resulted in significant profits for both the companies and the host countries, they have also triggered adverse environmental and social issues.
Moreover, these outbound investments often occur without implementing the proper mechanisms to ensure compliance with international human rights standards and practices, which is exposing the local communities to human rights violations and abuses.
The National Human Rights Commission of Thailand (NHRCT) has investigated Thai investments in Myanmar, Laos, and Cambodia, and it is playing a significant role in shaping the government cabinet resolutions in 2016 and 2017 on Thai outbound investments.
These resolutions align with the principles articulated in the UN Guiding Principles on Business and Human Rights. However, additional work is needed to strengthen how these resolutions are applied.
From 10am to Noon on June 1, 2018, the Asian Forum for Human Rights and Development (FORUM-ASIA), Community Resource Center (CRC), and Extraterritorial Obligations (ETO) Watch Coalition will hold a panel discussion on the human rights obligations that Thai companies have when they make outbound investments in ASEAN.
Panelists will include:
Tuenjai Deetes, NHRCT Commissioner;
Sor Rattanamanee Polkla, CRC Coordinator; and
Debbie Stothard, Alternative ASEAN Network Coordinator for Burma and Secretary General of the International Federation for Human Rights (FIDH).
The panel will provide an overview of the main issues surrounding these Thai investments, discuss options on ways to ensure greater accountability and protection of people’s rights.
In addition, this event will combined with the publication of the Thai chapter of FORUM-ASIA’s latest publication: ‘Business and Human Rights: Learnings from Asia.’
A light lunch will be provided after the event.
Foreign Correspondents’ Club of Thailand
Penthouse, Maneeya Center Building
518/5 Ploenchit Road (connected to the BTS Skytrain Chitlom station)
Patumwan, Bangkok 10330
Web Site: http://www.fccthai.com
Large Shopping Malls in Bangkok Will Be Closed until July 25th
Shopping malls under the Mall Group, including all branches of The Mall, the Emporium, Emquartier and Paragon Department Store, are also closed for 14 days, from today, except for supermarkets, food courts, pharmacy shops, eateries (take-out and delivery only), banks, mobile phone shops and vaccination sites.
Downside risks loom for Thai economy due to Prolonged COVID-19 Outbreak
The most important issue for the Thai economy at present would be the procurement and distribution of appropriate vaccines adequately and timely.
The Bank of Thailand (BoT) has revealed that Thailand’s economy faces significant downside risks, because a prolonged COVID-19 outbreak could cause the economy to underperform the baseline projection, squeezing business liquidity and slowing employment.(more…)
Subscribe via Email
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...
3 ways Asia can recover from the COVID-19 pandemic faster
Countries in the East Asia and Pacific region will benefit from cooperation in three major areas: vaccine deployment, reviving sectors...