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Top Story of the Week: Investment pledges hit record
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(Bangkok) A delegation of Senior Executives from 30 leading U.S. companies organized by the US-ASEAN Business Council concluded a business mission to Thailand today. The mission celebrated 180 years of U.S. Thai Diplomatic relations while focusing on building further economic ties. The delegation was co-led by Khun Pairoj Kaweeyanun, President Chevron Thailand Exploration and Production, and Alexander Feldman, President of the US-ASEAN Business Council.
The US-Thailand Treaty of Amity and Commerce of 1833 was the first U.S. diplomatic agreement in Asia, and business has been part of that relationship from the beginning.
"The size and diversity of our delegation, one of the largest the Council has brought to Thailand, signifies the commitment and confidence that American companies have in the fundamentals of the Thai market and economy," said Khun Pairoj.
Top Story of the Week: Council hosts PM Lee
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.
Top Story: Infrastructure Projects Could Drive Construction Market to Rp 400 Trillion
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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.