Panel says Thai R&D needs wake-up call | Bangkok Post: business

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Panel says Thai R&D needs wake-up call

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  • Newspaper section: Business
  • Writer: Nop Tephaval
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Innovation through research and development (R&D) is the next high-growth area where Thailand severely lags behind regional rivals Singapore and Malaysia, says the president and chief executive of Siam Cement Group. 

"The key to the country's survival is to change how we do business," Kan Trakulhoon told yesterday's Thailand Innovation Forum hosted by SCG.

Thailand spends the equivalent of 0.2% of its gross domestic product on R&D, a figure far behind that of Malaysia or Singapore.

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