Thailand Ready To Be Commercial Center In Asia

[Jai Dee]

PM STATED THAT THAI IS READY TO BE THE COMMERCIAL CENTER IN ASIA

Prime Minister Thaksin Shinawatra stated that Thailand is equipped to be the commercial and investment centers in the ASEAN region. However, he called for other ASEAN member countries to fine-tune themselves so that they would be ready to benefit from the upcoming foreign investments. He forecasted that the investment in ASEAN will sharply increase in the future.

During the 31st ASEAN-Japan Business Meeting, the Prime Minister said that the ASEAN member countries have become more cooperative in setting up trading partnerships. He considered Japan as an important commercial country in relation to the rest of ASEAN countries, as can be seen from the numbers of Japanese factories and research centers in Thailand.

Dr. Thaksin said that Thailand is preparing to support future foreign investment. He said the ASEAN plans to establish the open sky agreement in 2008 and initiate the free trade on airplane products in 2010. Currently, the ASEAN member countries’ Free Trade Agreements with China, South Korea, India, and New Zealand are under progress. Moreover, the region also plans to establish the East Asian Free Trade Agreement (EAFTA).

The premier said that the 1st East Asia Summit will be held in Kuala Lumpur, Malaysia next month. This summit will enable Thailand to get closer access with its trading partners such as Australia, India, and New Zealand.

Source: Thai National News Bureau Public Relations Department - 23 November 2005

[sierra01]

Here we go again, yet another hub.

[raro]

Here we go again, yet another hub.

<{POST_SNAPBACK}>

It was about time, wasn't it? No new hubs last week...

[Rumpole]

Prime Minister Thaksin Shinawatra stated that Thailand is equipped to be the commercial and investment centers in the ASEAN region. However, he called for other ASEAN member countries to fine-tune themselves so that they would be ready to benefit from the upcoming foreign investments. He forecasted that the investment in ASEAN will sharply increase in the future.

<{POST_SNAPBACK}>

The arrogance of the man is breathtaking. I'm sure his policies are doing a great deal to inspire the confidence of foreign investors and encourage them to set up shop in Thailand. A perfect model for others to follow. Not.

[sierra01]

Here we go again, yet another hub.

<{POST_SNAPBACK}>

It was about time, wasn't it? No new hubs last week...

<{POST_SNAPBACK}>

You sure? my head is spinning from all these hubs.

[opothai]

the financial institutions do not trust him and will not trust his politicians, would you?

[JRinger]

the financial institutions do not trust him and will not trust his politicians, would you?

<{POST_SNAPBACK}>

Thaksinomics

From Wikipedia

Bio: http://en.wikipedia.org/wiki/Thaksin_Shinawatra

Thaksinomics, is a term used to refer to the economic policies of Thaksin Shinawatra, Prme Minister of Thailand since 2001. There has been considerable controversy over the role Thaksinomics has played in Thailand's recover from the 1997 Asian financial crisis. Among the most prominent advocates of Thaksin's economic policies is Morgan Stanley economist Daniel Lian.

Overview

The core of Thaksinomics revolves around populist economic policies designed to increase the purchasing power of Thailand's rural lower classes, who make up the majority of the country's population. To this end, Thaksin imposed a three-year debt moratorium for farmers and ordered Thailand's numerous state-run banks to aggressively extend loans to farmers, villages and SMEs (small and medium-size enterprises) at discounted rates. The government also stepped in to subsidize petrol and diesel prices in January 2004 in order to cushion the impact of rising world oil prices on consumers. Another component of Thaksin's economic policies are the proposed "mega-projects", which involve investing over $50 billion in public works, including roads, public transit, and a new international airport. Supporters of Thaksinomics argue that these policies, implemented in the aftermath of the Asian financial crisis, have driven a stable, demand-driven recovery of Thailand's economy, which was previously dependant on exports, making it vulnerable to external shocks.

Critics of Thaksinomics claim that Thaksin's economic policies amount to little more than traditional Keynesian fiscal stimulus policies rebranded as a revolutionary economic doctrine. They argue that, contrary to the claims of Thaksinomics's advocates, Thailand's economy was actually driven by rising export demand, while domestic consumer demand has grown only modestly at best since Thaksin became Prime Minister. Skeptics also note that under Thaksin's policy of pushing state-owned banks to increase loans to poor farmers, consumer indebtedness has also risen. They charge that the banks often made loans without proper due diligence to people who had little means to repay the loans.

Thaksinomics in Practice

The strong performance of the Thai economy beginning in 2002 drew international attention to the Thaksinomics phenomenon. In that year, Thailand outpaced the rest of Southeast Asia by posting GDP growth of 5.2%, the fastest rate since the Asian financial crisis of 1997. The economy grew by another 6.9% in 2003 outpacing the rest of the region save China. In 2004, in spite of a volatile exernal environment, Thailand still managed a GDP growth rate of 6.1%.[1]

Since the beginning of 2005, however, the wisdom of Thaksinomics has been increasingly questioned. Although the reelection of Thaksin and his Thai Rak Thai party in an unprecedented landslide in February demonstrated the widespread popularity of his policies, slower economic growth since then has also given ammunition to critics of Thaksinomics. Thaksin's supporters argue that the economic slowdown is largely a result of the Great Indian Ocean Tsunami of December 26, 2004 and rising oil prices. But others point point out that rising inflation, consumer indebtedness and trade deficts continue to plauge the Thai economy as a direct result of Thaksin's policies. Thaksin was forced into an embarassing retreat in July 2005 when the ballooning trade deficit and skyrocketing fiscal burden caused the government to abandon its diesel price subsidy. Corruption allegations stemming from public contracts in the construction of Suvarnabhumi Airport also threaten to cloud the future of Thaksin's public works projects that form the core of his second-term economic policies.

In addition, the most prominent advocate of Thaksinomics among international investors, Morgan Stanley's Daniel Lian, suffered a blow to his credibility in October when the nature of his close, personal relationship with Thaksin was revealed in a letter that was leaked to Thai Day, an English-language newspaper in Bangkok. In the letter, which was personal note from Lian to Thaksin, Lian noted the efforts he made on Thaksin's behalf. Lian then went on to attack the opposition Democrat Party, and its leader, Abhisit Vejjajiva, questioning whether Abhisit can "offer to the Thai people" anything other than his "pretty young face"- a sarcastic reference to Abhisit's supposed youthful good looks

[JRinger]

(quote)

The arrogance of the man is breathtaking. I'm sure his policies are doing a great deal to inspire the confidence of foreign investors and encourage them to set up shop in Thailand. A perfect model for others to follow. Not.

<{POST_SNAPBACK}>

Prime Minister Thaksin Shinawatra stated that Thailand is equipped to be the commercial and investment centers in the ASEAN region

Thaksin’s latest wild idea: outsource all of Thailand

http://www.nationmultimedia.com/2005/11/24...n_19243114.html

[Crossy]

Has Mercury suddenly shifted orbit?

Toxin wasn't going to talk to the media 'till next year

[Plus]

Perhaps there should be a subroom in "News clippings" for spam like this.

Is there anyone here who takes it as serious news? I think not.

Perhaps it's time to set a spam filter - mark the topics, move them to "Bulk news" folder or something. If time is short it's not worth clicking on these topics.

I personally was more interested in the news about portable draught Heineken keg:

http://www.nationmultimedia.com/search/pag...-11-23&usrsess=

Great for picnics and office parties, or even for home use.

Edited November 24, 2005 by Plus

[johnh101]

Taksinomics.

make a new pledge to the people every week and hope the masses forget all the pledges you made in previous weeks.

[JRinger]

Taksinomics.

make a new pledge to the people every week and hope the masses forget all the pledges you made in previous weeks.

<{POST_SNAPBACK}>

He will, and yes, they will also...

[cgigate]

It is already SEX COMMERCIAL CENTER IN THE WORLD! INDEED!

Edited November 24, 2005 by cgigate

[Maestro]

Prime Minister Thaksin Shinawatra stated that Thailand is equipped to be the commercial and investment centers in the ASEAN region.

Without broadband Internet connection worth its name?

[Buff-horns]

after the last economic crash ? precipitated by a corrupt clique ..underpinned by the boiler room scammers ..555555555

[opothai]

toxinomics

government expenditure will get the population back to work there for giving them more spending power to stimulate the economy

all this propped up by.

bullsh+t

and now we have run the coffers dry

time to avert the attention of the people with hub stories and panic stations and internal confrontation. and when the planets align [ie when i take my head out if the sand every thing will be rosy]

this political game is easy i think i'll get the family involved my mum, sister, cousin, cousin's cousin and so on could do this

[Plus]

Before giving out, the money it is taken from people through taxes. Some money always gets lost in the process, so what's the point?

[johnnyk]

The response from the other Asian economies was clear and unambiguous: 555555

[Rumpole]

Prime Minister Thaksin Shinawatra stated that Thailand is equipped to be the commercial and investment centers in the ASEAN region.

Without broadband Internet connection worth its name?

<{POST_SNAPBACK}>

And with an utterly attrocious education system, good only for producing sex-workers and somtom sellers?

[stumonster]

and now we have run the coffers dry

I would say this is partially the reason for the urgency in the selling of EGAT

[sierra01]

and now we have run the coffers dry

I would say this is partially the reason for the urgency in the selling of EGAT

<{POST_SNAPBACK}>

How else is he going to pay for the mega projects? As things stand the country can't afford them, selling off the assets will give him the cash. Gradually they will all go.