SMALL BUSINESSES
Most Thai franchises unprepared for AEC
- Published: 20/09/2011 at 02:53 AM
- Newspaper section: Business
Over 80% of Thai franchise businesses are not ready for liberalisation under the Asean Economic Community (AEC) in 2015, says Saward Mitaree, president of Franchise & License Association.
This is because they lack human resources development, organisational management, and registered processes on trade and services, especially language knowledge.
The association expressed concerns the Franchise Business bill is unclear. The law will help entrepreneurs compete in the global market and the first draft is awaiting a public hearing. It is expected to be proposed for cabinet consideration early next year.
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About the author
- Writer: Phusadee Arunmas
- Position: Business Reporter
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