BANGKOK, 27 July 2012 – The Asian Knowledge Institute has urged the government to invest in infrastructures in Thailand so that the business sector can prepare themselves for the changing world and rising demand of trading activities when the ASEAN Economic Community (AEC) is established.
Asian Knowledge Institute Chairman, Apirak Kosayodhin, said each ASEAN member has different political and economic drawbacks. He explained that for Thailand, politics and the southern unrest are major obstacles pushing back foreign investors; while insufficient infrastructure is also a weak spot.
Mr Apirak further elaborated that the government must invest more on infrastructure development to facilitate better flow for Thai businesses.
The Chairman stated Thailand has many strong points such as the location, beautiful tourism destinations, friendly people, and low living costs; therefore, Thai private sector should adapt their business strategies with an emphasis on these strengths.