Prime Minister Prayut Chan-o-cha invited the South Korean private sector to increase its level of investment in ASEAN, especially in Thailand, as it has adjusted its economic measures to facilitate trade and investment. In the ASEAN-South Korea CEO Summit 2014 in Busan today, Gen Prayut spoke on the “Global Economic Outlook and the Role of Asia.”
He said Asian countries should quickly strengthen their economies by integrating their strong points.
South Korea is good in education, information technology, green economy, creative and entertainment industries and alternative and renewable energy, he said.
In 2015 the ASEAN countries will combine their markets and production bases which will create new and considerable opportunities for business and investment.
He urged South Korean businesses to make the most use of ASEAN in energy and agricultural fields. The prime minister said that Thailand is changing its regulations to facilitate business. It is amending all tax-related laws that concern the establishment of regional offices and streamlining procedures to issue work permits for foreigners in order to attract investors.
Gen Prayut invited South Korean businesspeople to invest in small and medium enterprises of Thailand, infrastructure development and digital and green economy to support sustainable development. He said that Thailand still lacks technologies and knowledge in environmentally friendly businesses, so it is welcoming investment projects which include technology transfers, research and development, and capacity enhancement.
The Thai PM said there is considerable room for ASEAN and South Korea as well as for South Korea and Thailand to cooperate. MCOT online news
Thailand’s Prime Minister concerned over illegal gambling during Euro 2020
Police in Thailand is tasked with monitoring illegal gambling. Raids regularly take place resulting in fines and or jail time for people found to be hosting or playing in illegal gambling events.
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...
Thailand dropped from UK’s tough covid-19 travel ‘red list’
Earlier, Thailand was listed among countries with high infection levels that were put on a ‘red list’, requiring arrivals to...
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...
Flexible Workspace Startup Worklounge Debuts with 20+ Luxury Member Lounges in Thailand
Worklounge launches a premium membership granting remote professionals and executives access to exclusive hotel lounges across Thailand. Their platform is...
5 insights to guide ASEAN’s digital generation in a post-pandemic world
We surveyed 86,000 people from six ASEAN countries about their views for a post-pandemic world. The ASEAN Digital Generation Report...