By Prince Golez
Thai businesses have expressed a desire to invest in the Philippines in a wide range of areas, including infrastructure, transportation, tourism, and food security, the Office of the Press Secretary (OPS) said Sunday.
The OPS said in a press release that Kriengkrai Thiennukul, chairman of the Federation of Thai Industries, made this commitment during a roundtable meeting with Thai business leaders and Philippine economic managers and officials on Saturday in Bangkok.
“We are ready to support… investing in food security and infrastructure such as transportation and promoting tourism with the Philippines to enhance the business sector for mutual expansion between the two countries in the future,” according to him.
Thiennukul believes that stronger partnerships between the Philippines and Thailand can help both countries boost economic growth.
“We welcome to support trade and investment and other cooperation activities. I am confident that the cooperation and the close relationship between Thailand and the Philippines will help us achieve our economies’ trade and investment objectives and create mutual benefit for the two countries in the future,” he added.
The Thai business leader also noted that both Asian economies are dealing with similar issues, such as the impact of climate change on supply chains, the pandemic, and global political instability.
“In this current situation, it is necessary to revitalize the economic sectors, especially the focus on sustainable development. We have the same goal to focus on the joint development of public health, especially in the ASEAN Framework. The development of the digital economy, the use of the digitalization and implementation of BCG Model in revitalizing the economy,” said Thiennukul.
The meeting with Thai businesses is part of President Ferdinand Marcos Jr.’s efforts to entice investment and strengthen economic ties between the Philippines and its ASEAN neighbors.
The Federation of Thai Industries is a non-profit organization that represents the Thai industrial sector. It is the central organization that connects the public and private sectors, as well as the relationship between domestic and international industrial shoppers and entrepreneurs.
