Business leaders are urging Thai companies to have a presence in other Asean countries, as the region will become a fast-growing economic zone.
Anon Sirisaengtaksin, the chief executive of PTT Global Chemical, told a Bangkok seminar yesterday on the opportunities of Thai businesses in Asean and Asia that Asean alone will be able to grow continuously by 5% annually over the next four decades. If there are no major hiccups, Asean would become the world's fifth-largest economy after the US, China, Europe and India.
"Asean has the advantages of a plentiful workforce, steady growth in the middle-income population and urbanisation expanding consumption and demand," said Mr Anon, adding that the sectors that will benefit most from the launch of the Asean Economic Community (AEC) are construction, retail and finance.
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