PM Prayut says World Economic Forum improves Thailand's standing in competitiveness index

[webfact]

PM says World Economic Forum improves Thailand's standing in competitiveness index

 

 

BANGKOK, 22nd October 2018 (NNT) – The Prime Minister has expressed satisfaction over Thailand’s improved standing on the World Economic Forum’s 4.0 competitiveness index for 2018, saying the results are a reflection of Thailand's approach to the 4.0 era. 

Prime Minister Gen Prayut Chan-o-cha has voiced satisfaction that Thailand rose to 38th among 140 countries with a score of 67.5 out of 100 in this year’s World Economic Forum 4.0 Competitiveness Index. Last year the nation was in 40th place with a score of 66.3. 

The PM highlighted that Thailand was placed 14th globally for financial stability due to its readiness in terms of capital. The ranking was considered a reflection of the availability of loans to SMEs and start-ups as well as the stability of commercial banks. Thailand also ranked 18th this year in terms of market size due to strong domestic consumption, investment and export. 

In ASEAN, Thailand is ranked third after Singapore and Malaysia and maintains the sixth spot among the 12 countries of ASEAN+3 behind Singapore, Japan, South Korea, Malaysia and China. Gen Prayut mentioned that Thailand’s regional standings have been maintained for several years now, indicating stability. 

The Prime Minister has directed all relevant agencies to attend to any weaknesses revealed by the ranking such as inequality in competition, regulation complexity, innovation support and development of special skills. He concluded by commending all for bringing Thailand into the world’s top 40 despite its status as a low-income nation.

 

-- nnt 2018-10-22

[Wiggy]

I don't think he's doing much to improve its standing on the democracy index.

[Eric Loh]

Thailand' competitive index will dramatically improve if he step down and have an election tomorrow.  

[yellowboat]

2 hours ago, webfact said:

He concluded by commending all for bringing Thailand into the world’s top 40 despite its status as a low-income nation.

And sadly that will stay that way by design.  Wealth is only for a few, more equal Thais.

[newcomer71]

Oh well, if HE says so...

[Lupatria]

Sometimes I wish Elvis would appear in his dreams, telling him he will have much more success if he sticks to singing and songwriting and a re-recording of: "I'm all shook up."

Edited October 22, 2018 by Lupatria

[zzaa09]

The World Economic Forum.

 

A definitive flim-flam.

[Lupatria]

Btw. I’d like to thank all TV members for your friendly, critical and instructive replies!

Edited October 22, 2018 by Lupatria

[Crossy]

2 minutes ago, Lupatria said:

Sometimes I wish Elvis would appear in his dreams, telling him he will have much more success if he sticks to singing and songwriting.

He's definitely a better singer/songwriter than he is PM.

 

[Na Lee]

Little Napoleon says so then it's true..!?  Why you folks question his words he never lies...!

[chama]

On 10/22/2018 at 12:06 AM, webfact said:

The Prime Minister has directed all relevant agencies to attend to any weaknesses revealed by the ranking such as inequality in competition, regulation complexity, innovation support and development of special skills. He concluded by commending all for bringing Thailand into the world’s top 40 despite its status as a low-income nation.

Good thing he directed these agencies to attend to any weaknesses because I doubt they would have known to address these weaknesses on their own. Brilliant leadership!