Thailand and Malaysia join forces to boost economy
Thailand and Malaysia have forged an alliance to supercharge development in the southern Thai region and the northern Malaysian peninsula.
Prime Minister Anwar Ibrahim reveals this game-changing commitment after a late-night summit with Thai counterpart Srettha Thavisin in Phuket.
Anwar took to Facebook to reveal the details.
“A special joint committee at the highest level between the two countries will report on the progress of the projects and agreed-upon matters by the middle of next month.”
The power-packed discussion didn’t stop there, with both leaders delving into vital topics, including Malaysia-Thailand tourism.
“Prime Minister Srettha expressed Thailand’s willingness to jointly promote tourism in Phuket, Langkawi, and other northern areas of the Peninsula, given the sudden surge in Malaysian tourists to Thailand.”
In a move that will have infrastructure enthusiasts cheering, Malaysian PM Anwar disclosed that they have put the pedal to the metal on the Sadao-Bukit Kayu Hitam Road Project and the Golok River-Rantau Panjang Bridge Project. Last month, the dynamic duo personally inspected the progress of the Road Project, linking the vital ICQS Bukit Kayu Hitam and CIQ Sadao, reported New Straits Times.
These border points are the lifeblood of two-way trade and tourism between the nations, with last year’s bilateral trade volume clocking in at an impressive 33.67 billion Ringgit. With a whopping 212,691 Thai tourists crossing into Malaysia from January to June this year alone, the stage is set for an unprecedented era of economic growth and cross-cultural collaboration.
In related news, RAM Rating Services Berhad reveals Malaysia‘s economic future, promising significant growth next year. RAM Rating Services Berhad said in its Economic Outlook 2024 report to get ready for an economic renaissance. The tantalising revelations point towards a potential external demand turnaround, setting the stage for a dazzling economic performance. The domestic front is gearing up for a resilience revolution, riding on the back of robust domestic demand, benevolent inflation, and interest rates that are the wind beneath the economy’s wings.
