01 Aug '12, 9am

Read the latest blog offering from Nirmal Ghosh on Thailand's worries over the Asean Economic Community

With its own competitiveness steadily eroding, Thailand is dangerously ill prepared for the more open borders of the Asean Economic Community (AEC) just 3 years away, business leaders are warning. Not a week passes in Bangkok without a seminar on the AEC - but most corporate managers are still groping in the dark and the government is not providing much leadership. "It's a sign of anxiety," said Kasikorn Bank chief executive officer Banthoon Lamsam, who helped run a recent seminar attended by hundreds of business leaders. The theme: How would the late Steve Jobs have approached the opportunities of the AEC. The seminar was preceded by a similar one by the government's department of industrial promotion, aimed at briefing small and medium industries - which are seen as more vulnerable to competition than big cash-rich companies. Under the AEC, Asean's 10 member states will ...

Full article: http://blogs.straitstimes.com/2012/08/01/anxious-economic...

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