Bangkok, June 13, 2017 – Prime Minister Prayut Chan-o-cha, along with the economic ministers team led by Deputy Prime Minister Dr. Somkid Jatusripitak, Finance Minister Apisak Tantivorawong, and Industry Minister Dr. Uttama Savanayana, and jointly with The Stock Exchange of Thailand (SET), will present Thailand 4.0 strategic development plan to global investors via the upcoming “Thailand’s Big Strategic Move” conference during June 22-23.
The conference will also highlight the country’s key strategic plans and implementation to move the country following the Thailand 4.0 model, aiming for promising growth over the next 20 years. It will be a significant forum to showcase Thailand’s and the capital market’s attractiveness to both local and international institutional investors.
SET President Kesara Manchusree said that this will be the first time for SET to join the government sector in organizing the conference.
Investors will gain insights in macro perspectives on policies, measures, and tangible progress to drive the economy covering investment, technology & innovation, and the startup push to enhance economic stability and competitive capabilities in line with the Thailand 4.0 model.
Significantly, investors will obtain updated information on the government’s
investment expansion plan in 10 target industry clusters for the Eastern
Economic Corridor (EEC), considerably a strategic region that can connect ASEAN,
East Asia, and South Asia, which has contributed one-third of global GDP.
Therefore, the connectivity of infrastructure and logistics systems to Cambodia,
Laos, Myanmar, and Vietnam or CLMV countries, with one of the world’s top
fast-growing economies will create tremendous investment and business
opportunities for Thailand into these countries.
In addition, participants will also have the opportunity to gain viewpoints of top executives of leading listed-companies on the private sector’s business potential to help drive the country’s economic growth, Kesara added.
“The Thai economic growth rate at 3.3 percent in the first quarter of this year
has signaled recovery as a result of the government’s investment expansion in
major infrastructure projects inclusive of the continued rise of primary
industries, tourism and exports.
Moreover, listed-companies have also achieved outstanding earnings results in the first quarter following excellent performance in the previous year. In accordance with the Thailand 4.0 economic development, SET has progressed many moves such as encouraging companies that focus on any of the 10 targeted industries and clusters to list on SET.
In addition, SET has strengthened entrepreneurs and startups with knowledge,
know-how and fundraising channels, so they can grow sustainably,” said Kesara.
“Another highlight of this special forum is the private session arranged for
selected 20 global funds with a combined assets under management or AUM of over USD 7.66 trillion, to exclusively meet with the economics ministers team for a briefing to help the foreign fund managers to fully understand the country’s growth potential,” added Kesara.
“Thailand’s Big Strategic Move” will be held during June 22-23, 2017 at Grand
Hyatt Erawan Bangkok. For more information, please visit www.set.or.th .
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…)
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