Thailand Update | October 15, 2019
Authors: Riley Smith, Ella Duangkaew, Aree Tomes LOOKING AHEAD
Food & Agriculture Update | October 10, 2019
Authors: Sunita Kapoor, Hai Pham and Aree Tomes LOOKING AHEAD October 15-16: 2019 Business Mission to the 41st ASEAN Ministerial on Agriculture & Forestry
Health & Life Sciences Update | October 10, 2019
Authors: Sunita Kapoor, Hai Pham and Aree Tomes LOOKING AHEAD
ICT Update | October 10, 2019
Authors: Ella Duangkaew, Jamie Lim and Taylor Dumaine LOOKING AHEAD
Big American corporations are looking at investing in Philippine infrastructure projects, especially in the former US air base in Clark, to foster closer ties between Manila and Washington, the US-Asean Business Council said.
In a statement sent to the Inquirer, the US-Asean Business Council said its delegation composed of 21 top American companies visited the Philippines on Sept. 16-18, led by council president and chief executive Alexander Feldman and senior vice president and regional managing director Ambassador Michael Michalak.
“This mission was a timely opportunity for US business to renew engagement and better understand the government of the Philippines’ priorities,” Feldman said.
During their visit, “mission themes focused on existing activities underway to promote free and open trade and remove barriers to investment,” the US-Asean Business Council said.
Prime Minister Prayut Chan-o-cha's speech at the 74th session of the UN General Assembly in New York was chock-full of talking points, but the one that stood out was his declaration that Thailand would become a rich country by 2036.
"Thailand will become a high-income country with fairness, respect for basic human rights and participation in all sectors of society," Gen Prayut said, according to the US-Asean Business Council.
The remark bears no relation to the current reality, and analysts question whether Southeast Asia's second-largest economy can vault from a middle-income trap to the high-income segment within 17 years.
Thosaporn Sirisamphand, secretary-general of the National Economic and Social Development Council (NESDC), said the prime minister's remark came as no surprise, as the lofty goal is stipulated in the country's 20-year national strategy (2017-37).
Financial Services Update | October 8, 2019
Authors: Michaela Wong, and Taylor Dumaine LOOKING AHEAD
Energy Update | October 7, 2019
Authors: Riley Smith and Jacob Corfman