Connect with us

ASEAN

The Thai charm-offensive on the South Korean President

The Thaiger

Published 

 on 

image
  • follow us in feedly

Thai PM Prayut Chan-o-cha is inviting South Korean investors to increase their investment and trade with Thailand. The PM says Cabinet will consider offering incentives for South Korean businesses to invest in the country. South Korean President Moon Jae-in capped off an official two day visit to the Kingdom yesterday.

The Thailand-Korea Business Forum was held yesterday in Bangkok with President Moon in attendance along with economic teams from Thailand and South Korea and representatives of 500 private companies.

Speaking at the forum the Thai PM spoke about Thailand 4.0 – the transformation of the country’s economic structure from an agriculture-based economy into a value or digital-based economy. Also about the Eastern Economic Corridor (EEC) project that was attracting investment from around the world.

According to the Bangkok Post, 400 South Korean companies have invested in Thailand with the trade value between Thailand and South Korea of USD 14-15 billion (428-459 billion baht).

Prayut also spoke about how Thailand could continue to learn from South Korea as they had been able to turn their country from agricultural economy into a manufacturing superpower over a number of decades.

Speaking at the forum President Moon said Thailand is one of the most important trading partners for his government’s New Southern Policy which has been successful in broadening partnerships with south east Asian nations and India. President Moon mentioned specific industries where he saw greater economic partnerships and trade in the future – automation, smart automotive technologies, energy, digital technology – that would assist Thailand to achieve its 4.0 goals.

PM Prayut met with President Moon Jae-in at Government House yesterday morning with the two leaders pledging to strengthen the strategic partnership between the two Asian economies.

Keep in contact with The Thaiger by following our Facebook page.
Never miss out on future posts by following The Thaiger.

If you have story ideas, a restaurant to review, an event to cover or an issue to discuss, contact The Thaiger editorial staff.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ASEAN

Rohingya boat incident leaves 24 feared dead off Malaysian coast

The Thaiger & The Nation

Published

on

image

A Rohingya boat incident has left at least 24 people feared to have drowned off the coast of Malaysia after a sole survivor swam to shore on the resort island of Langkawi. The 27 year old, named Nor Hossain was detained by police after arriving on the island. A search and rescue operation was launched using 2 aircraft and 2 boats but officials say no bodies or survivors have been found. Such boats have been making similar journeys with the hopes of arriving safely in Malaysia as it remains a favorite destination for Myanmar’s Rohingya Muslims who have historically been […]

Continue Reading

Tourism

South east Asia’s budget airline dilemma

The Thaiger

Published

on

image

South east Asia’s low-cost carriers are staggering as demand plunges, and countries are ever-wary about re-opening their borders, raising questions whether they will be needing any new planes in the short to medium term. Malaysia’s AirAsia Group and Vietnam’s VietJet are publicly canvassing their cashflow and funding problems. Indonesia’s Lion Air has shelved a planned flotation this year. But prior to the ‘disruption’, there were questions raised about whether new aircraft ordered during a frenzied decade of new plane orders by south east Asian carriers would ever end up actually being delivered. Whilst the high-profile owners were popping the champagne […]

Continue Reading

Coronavirus (Covid-19)

Philippines, Singapore and Indonesia battling new Covid-19 cases in SE Asia

The Thaiger

Published

on

image
PHOTO: New Indian Express

Indonesia, The Philippines and Singapore are leading the way in South East Asia, contributing the most number of new cases of the coronavirus in the past week (worldometers.info). In the past 24 hours The Philippines (1,841), Indonesia (1,462) and Singapore (327) have added the highest number of new Covid-19 cases in the ASEAN region. In The Philippines the numbers have surged since the end of March. Singapore had a big surge, with an outbreak amongst its huge migrant worker population in mid-April, slowly dropping back to manageable levels, only to see a ‘blip’ in new cases this week. Indonesia’s level […]

Continue Reading
Follow The Thaiger by email:

Trending