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Interview

Porametee Vimolsiri, Secretary-General, National Economic and Social Development Board: Interview
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Interview: Porametee VimolsirI To what extent did Thailand exceed expectations in 2016, and what is your outlook for 2017? PORAMETEE VIMOLSIRL: After recorded growth rates of 0.8% and 2.8% in 2014 and 2015, respectively, 2016 saw the economy expand by 3.2%, a rate which we consider to convey a stable and growing economy that is picking up steam. At the beginning of 2016, some forecasters had quite…
Interview

Apiradi Tantraporn, Minister of Commerce: Interview
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Interview: Apiradi Tantraporn What is your outlook on export growth recovery in 2017, and how can that recovery be achieved? APIRADI TANTRAPORN: Strong growth at a higher pace than the previous year is expected for Thailand’s exports in 2017, with an overall export growth rate set at 5%. In 2016 exports grew by 0.45%, owing largely to the expansion of markets like gold, automobiles and fishery…
Interview

Yol Phokasub, President, Central Group: Interview
OBG
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Interview: Yol Phokasub Will Thailand’s shift towards e-commerce and e-payment systems affect consumer spending? YOL PHOKASUB: Whileeconomic andconsumer spendingin Thailandhave been somewhatlacklustrein recent years, somegrowthhas been seen.Also, despite robustexpansionin recent years, the e-commerce consumer market remains…
Interview

Chartsiri Sophonpanich, President, Bangkok Bank: Interview
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Interview: Chartsiri Sophonpanich What role can Thailand’s banking sector play in financing development projects among its highgrowth neighbouring economies? CHARTSIRI SOPHONPANICH: Combined with Thailand, the geographic region of Cambodia, Laos, Myanmar and Vietnam (CLMV) has a total population of 220m and a combined GDP of more than $1trn. This presents an exciting opportunity for establishing…
Interview

Kesara Manchusree, President, Stock Exchange of Thailand (SET): Interview
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Interview:Kesara Manchusree How will the blockchain-based marketplace deepen capital raising opportunities for start-ups? KESARA MANCHUSREE: At present, the start-up segment in Thailand is still in an early stage. Many businesses are not qualifying for traditional capital raising mechanisms due to several factors. Still, there is quite a lot of demand in Thailand to invest in start-ups, as…
Interview

Darren Buckley, Country Head, Citibank: Interview
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Interview: Darren Buckley How do you assess the short-term stability of the banking sector in Thailand? DARREN BUCKLEY: The Thai banking system is in a relatively good position overall given global economic conditions. The sector is well regulated by the Bank of Thailand, and domestic banks have strong balance sheets, sufficient levels of capital and are fairly liquid, as is the country in general.…
Interview

Hiroshige Seko, Minister of Economy, Trade and Industry of Japan: Interview
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Interview: Hiroshige Seko What is the current level of trade and investment between Japan and Thailand? HIROSHIGE SEKO: Exports to Japan account for 9.6% of Thailand’s overall exports, the third largest after the US and China, and imports from Japan to Thailand make up 16% of overall imports, the second largest after China. Japan is by far the largest provider of direct investment in Thailand,…
Interview

Pote Harinasuta, CEO, One Asset Management: Interview
OBG
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Interview: Pote Harinasuta How will volatility in global markets impact short-term capital flows to and from Thailand? POTE HARINASUTA: From a Thai perspective, I would consider 2017 to be a year of externalities, as there are not many major factors that could be affecting the market. Companies have been growing well, exports have picked up, and there is strong government spending on infrastructure…
Interview

Kalin Sarasin, Chairman, The Thai Chamber of Commerce and Board of Trade of Thailand: Interview
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Interview: Kalin Sarasin To what extent is the Thai private sector embracing sustainable growth models? KALIN SARASIN: At present, sustainability is the keyword for the Thai private sector. Many companies, large and small, are espousing His Majesty the late King Bhumibol Adulyadej’s Sufficiency Economy Philosophy (SEP), which stresses the importance of doing neither too much nor too little. In…
Interview

Le Luong Minh, ASEAN Secretary-General: Interview
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Interview: Le Luong Minh Where can the EU and the US offer more support? LE LUONG MINH: Significant progress has been made in ASEAN-US Dialogue Relations, particularly with the elevation of our alliance to a strategic partnership in November 2015 and the successful convening of the ASEAN-US special leaders’ summit in California in 2016. Besides these milestones, good progress has also been made…