PM firms on branding Thailand as monetary hub


BANGKOK, Oct 9 – Prime Minister Yingluck Shinawatra stressed Thailand’s ambition to become a Southeast Asian hub for foreign investment as part of its preparation for the ASEAN Economic Community (AEC) in 2015.

Meeting Juergen Fitschen of Germany’s Deutsche Bank AG on Monday, Ms Yingluck said the Thai government emphasises the monetary sector and capital market in the country.

Thailand’s goal is to become an investment base for foreign investors seeking to expand in the region, including neighbouring Myanmar, she said. “Thailand wants to develop the quality and skills of Thai labour to be ready for the AEC.”

The premier said the Thai government welcomes Deutsche Bank investment in Thailand, particularly financial support for small- and medium-sized enterprises.

Ms Yingluck said she is pleased with the improving economic situation in Europe but Mr Fitschen cautioned it must be closely monitored to prevent a recurrence and stimulate European governments and peoples to realise the impact of the economic crisis.