Prime Minister Yingluck Shinawatra is encouraging US investors to invest more in Thailand, convinced that the geographical location and infrastructure projects will enhance the country's economic fundamentals. To Alexander C. Feldman, chairman of US-Asean Business Council (USABC) who paid her a courtesy visit on Wednesday, Yingluck said that the Thai government is committed to infrastructure investment and research and development to achieve the knowledged-based and green economy. She also hoped for the transfers of US expertise and technology in energy.
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IN THIS UPDATE:
+ Govt likely to join TPP if RCEP stalls
+ SBY meets new ASEAN supremo
+ New press code of conduct restricts freedom of press: AJI
A delegation of representatives from top US financial institutions led by the co-chairmen of the US-Asean Business Council's financial services working group, Michael Zink, Asean chief executive of Citi, and Juan Andrade, chief operating officer of ACE Overseas General, has offered its support for Asean integration. They participated in the annual Asean Finance Ministers Meeting (AFMM) in Brunei that concluded on Thursday. Companies participating in the delegation included ACE, Citi, General Electric, MasterCard, Moody's, PayPal, Standard & Poor's, State Street and Visa.
A delegation of leading US financial institutions organised by the US-Asean Business Council offered its support for Asean as a global asset class and regional financial inclusion efforts.They participated in the annual Asean Finance Ministers Meeting which concluded today. "The Council deeply values our annual participation in the AFMM, one of Asia’s most important regional economic meetings," said Michael Zink of Citi.
Bandar Seri Begawan – A delegation of leading U.S. financial institutions organized by the US-ASEAN Business Council concluded today its annual participation in the ASEAN Finance Ministers Meeting. The delegation offered its support for ASEAN as a global asset class and regional financial inclusion efforts. The delegation was led by the Co-Chairs of the Council's Financial Services Working Group, Michael Zink, CEO of ASEAN for Citi, Juan Andrade, COO of ACE Overseas General, and Marc Mealy, Vice President for Policy of the Council.
"The Council deeply values our annual participation in the AFMM, one of Asia's most important regional economic meetings," said Michael Zink of Citi. "Not only is the AFMM a leader in ensuring the successful launch of the ASEAN Economic Community (AEC) by 2015, it also plays a key role shaping the evolution of Asia-Pacific's regional financial architecture."
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Singapore Prime Minister Lee Hsien Loong called for the U.S. and China to build a greater degree of “strategic trust in each other,” in a Tuesday speech hosted by the U.S.-ASEAN Business Council in Washington, D.C. “China’s development represents a major shift in the balance of power,” Lee said. “China and the U.S. have to strengthen mutual confidence, in order to manage this shift in the global balance wisely and prudently.”
WASHINGTON — In response to China’s growing economic influence in the region, the United States should pursue a more active trade agenda in South-east Asia, said Prime Minister Lee Hsien Loong yesterday. Speaking at a dinner hosted by the US Chamber of Commerce and US-ASEAN Business Council— which was attended by about 300 guests — Mr Lee said: “Over the last decade, China has become the top trading partner of almost all South-east Asian nations, including US allies such as the Philippines and Thailand.”