Thailand Outranks Malaysia in ASEAN Standings

[snoop1130]

 

Thailand has made a substantial jump in the global competitiveness rankings, surpassing Malaysia to secure the second position within the Association of Southeast Asian Nations (ASEAN). The 2024 report by the IMD World Competitiveness Centre indicates that Thailand has moved up five positions to rank 25th globally, denoting a significant improvement in its economic performance.

 

Danucha Pichayanan, Secretary-General of the National Economic and Social Development Council, informed the Cabinet of this incredible progress. The ranking, which assessed 67 economic regions, acknowledged Thailand's noteworthy rise. Mr. Pichayanan stated, "Thailand’s economic performance ranking has increased by 11 positions, going from 16th to 5th, primarily due to stronger international trade and an improved current account balance in comparison to last year.”

 

However, Thailand's net score dipped slightly from 74.5 to 72.5, following a similar trend witnessed in most other economic zones since 2023. Despite this slight dip, a primary factor contributing to this accomplishment was the country's performance in international trade. Thailand jumped an impressive 23 positions, moving from 29th to 6th. Additionally, its domestic economy showed growth, rising from 44th to 39th place.

 

There were minimal changes in government efficiency, although public finance ranking improved to 22nd position, three places up from the previous year. Tax policy and social framework remained steady at the 8th and 47th places, respectively. However, the institutional framework slipped five positions to 39th.

 

Business efficiency improved, climbing three spaces to hold the 20th position, driven by improved management practices, which rose seven positions to 15th. The rating for attitudes and values also improved slightly, moving up to 18th place.

 

In terms of infrastructure, most categories remained stable from last year. Technological infrastructure and education maintained their previous positions at 25th and 54th, respectively. Basic infrastructure and scientific infrastructure experienced slight drops, while health and environment descended by two positions, ranking 55th.

 

File photo for reference only

 

-- 2024-06-19

 

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[drrobert]

The score dropped but the rank improved. Therefore in absolute terms its performance dropped. Nothing to be proud of!  

[steven100]

Why even mention Malaysia in the article .....

 

I consider Malaysia better than Thailand in many different aspects,  but not all.

I consider Vietnam better than Thailand in most aspects.  but not all. 

 

so everywhere is different and everywhere has some positives & some negatives.  

[dinsdale]

Whoopie-Doo! Not exactly bragging rights here.

https://www.library.hbs.edu/find/databases/imd-world-competitiveness-online

World Competitiveness is a field of economic theory, which analyzes the facts and policies that shape the ability of a nation to create and maintain an environment that sustains more value creation for its enterprises and more prosperity for its people. The IMD World Competitiveness Center's approach to world competitiveness is to analyze how nations and enterprises manage the totality of their competencies to achieve increased prosperity.

Prosperity for it's people? Well way off the mark there. Prosperity for a few families for sure but not the people. Just more grasping at straws propaganda rubbish.

[Chris Daley]

Our restaurants are more dirty!  No you take that back ours is dirtier than yours!  We have cockroaches and the smell of urine.

[hotchilli]

Let them believe what they want... 

[steven100]

media Propaganda hard at work .....    they have to say anything that will entice tourists whether it's true or not because the numbers keep going down and down every month.    

[thailand49]

Hub of dream, lies,  Land of Stupid 

[ChrisY1]

What a load....and people reading the BP are supposed to believe this nonsense?

[cdemundo]

13 hours ago, drrobert said:

The score dropped but the rank improved. Therefore in absolute terms its performance dropped. Nothing to be proud of!  

I don't know if this kind of economic scoring is really absolute performance.

It's the kind of stuff that MBA's make up.

[Presnock]

13 hours ago, snoop1130 said:

 

Thailand has made a substantial jump in the global competitiveness rankings, surpassing Malaysia to secure the second position within the Association of Southeast Asian Nations (ASEAN). The 2024 report by the IMD World Competitiveness Centre indicates that Thailand has moved up five positions to rank 25th globally, denoting a significant improvement in its economic performance.

 

Danucha Pichayanan, Secretary-General of the National Economic and Social Development Council, informed the Cabinet of this incredible progress. The ranking, which assessed 67 economic regions, acknowledged Thailand's noteworthy rise. Mr. Pichayanan stated, "Thailand’s economic performance ranking has increased by 11 positions, going from 16th to 5th, primarily due to stronger international trade and an improved current account balance in comparison to last year.”

 

However, Thailand's net score dipped slightly from 74.5 to 72.5, following a similar trend witnessed in most other economic zones since 2023. Despite this slight dip, a primary factor contributing to this accomplishment was the country's performance in international trade. Thailand jumped an impressive 23 positions, moving from 29th to 6th. Additionally, its domestic economy showed growth, rising from 44th to 39th place.

 

There were minimal changes in government efficiency, although public finance ranking improved to 22nd position, three places up from the previous year. Tax policy and social framework remained steady at the 8th and 47th places, respectively. However, the institutional framework slipped five positions to 39th.

 

Business efficiency improved, climbing three spaces to hold the 20th position, driven by improved management practices, which rose seven positions to 15th. The rating for attitudes and values also improved slightly, moving up to 18th place.

 

In terms of infrastructure, most categories remained stable from last year. Technological infrastructure and education maintained their previous positions at 25th and 54th, respectively. Basic infrastructure and scientific infrastructure experienced slight drops, while health and environment descended by two positions, ranking 55th.

 

File photo for reference only

 

-- 2024-06-19

 

Get our Daily Newsletter - Click HERE to subscribe

Beginning to become really confused by the articles presented in this forum.  Daily for months we have seen the economic dire performances, shrinking baht, closure of vehicle  manufacturers, etc, and then today this article telling us that the Thai economy is BOOMING!  If the statements in this article are all true, then many other countries in this region plus others are really suffering.  I just don't know what to believe.

[wensiensheng]

Looking at how many categories remained stable or declined and how few improved, it seems that Malaysia has slipped, rather than Thailand has improved.

[spidermike007]

Total propaganda. Thailand is not a democracy, as they do not honor election results. Pita should be PM, not Srettha, the smiling puppet. 

 

Also, they have made no progress in the fight against corruption, no improvements in highway safety, zero effort to clean up the environment and the seas, and there are some bizarre laws here that need to be reformed. I could go on and on. 

[digger70]

15 hours ago, drrobert said:

The score dropped but the rank improved. Therefore in absolute terms its performance dropped. Nothing to be proud of!  

Who's Fudged the numbers , They're good at that.

[watchcat]

12 hours ago, Chris Daley said:

Our restaurants are more dirty!  No you take that back ours is dirtier than yours!  We have cockroaches and the smell of urine.

 

Try to remember to close your zipper after releasing yourself

 

[brianthainess]

17 hours ago, snoop1130 said:

denoting a significant improvement in its economic performance.

[John Drake]

17 hours ago, drrobert said:

The score dropped but the rank improved. Therefore in absolute terms its performance dropped. Nothing to be proud of!  

 

In other words, Thailand is the tallest midget.

[PETERTHEEATER]

18 hours ago, snoop1130 said:

......denoting a significant improvement in its economic performance.

Explanation please.

[Cabradelmar]

Propaganda... Thailand trying too hard to convince people/investors (and themselves) that it's not a failing economy (government and educational system), and an increasingly diluted cultural experience.

[Presnock]

On 6/20/2024 at 7:52 AM, wensiensheng said:

Looking at how many categories remained stable or declined and how few improved, it seems that Malaysia has slipped, rather than Thailand has improved.

Yeah once one reads the whole articles of today, the headline is meant to capture one's eyes and they you read the whole thing an realize it is maybe half right but half wrong too.