Jump to content
BANGKOK 18 August 2019 19:49
snoop1130

Prayut asks Chinese bank boss for investment

Recommended Posts

Prayut asks Chinese bank boss for investment 

By The Nation

 

abf0008cabd641d25abd0fe861dbbd46.jpeg

AIIB president Jin Liqun, left, meets Prime Minister Prayut Chan-o-cha at Government House on Thursday

 

Prime Minister Prayut Chan-o-cha on Thursday urged China’s Asian Infrastructure Investment Bank (AIIB) to back development in the Mekong region through the Thai-sponsored Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS).

 

Prayut met Jin Liqun, the president of AIIB, who visited Bangkok for a business forum.

 

The former general said there were many countries that needed funding to run their projects and developing their infrastructure. 

 

Thailand supported AIIB to be a partner in infrastructural development with Asean and to build cooperation under ACMECS, joining the ACMECS Fund in order to contribute to development in the region, he said. 

 

The AIIB president said the bank was ready to invest in infrastructure. 

 

Prayut added that Thailand’s priority was to enhance seamless connectivity throughout Asean. Connectivity has two sides, hard and soft, he said. Hard connectivity means infrastructure and soft includes law, regulations and business link, he said. 

 

Jin said Thailand had many development opportunities, especially infrastructural development.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30371480

 

thenation_logo.jpg

-- © Copyright The Nation 2019-06-20
  • Sad 2

Share this post


Link to post
Share on other sites

The Generalissimo shaking his little tin cup again.

Where would Thailand be without foreign investment?

If only he could connect the dots when immigration laws come into play.

Share this post


Link to post
Share on other sites

and soft includes law, regulations and business link, he said. 

 

There go the NGO's. Western interference swept away like a leaf in a storm. Goes hand in glove with the Embassy's weakening support.

 

 

 

 

 

 

Share this post


Link to post
Share on other sites

and soft includes law, regulations and business link, he said. 

 

There go the NGO's. Western interference swept away like a leaf in a storm. Goes hand in glove with the Embassy's weakening support.

 

 

 

 

 

 

Share this post


Link to post
Share on other sites
10 hours ago, harada said:

But you will have to pay it back General, mai pen rai Comrade future generations can sort that out.

Yep - "let's keep the baht strong"
Exports go down

Imports go up

The national piggy bank empties.

The Solution? - let's borrow money from a neighbour

This is not going to end well.  I have watched this with many national economies who try for the "short-term gain = "long-term pain".  So much so there are a few countries only paying interest-only terms and not killing the principal

  • Like 1

Share this post


Link to post
Share on other sites

Not the ADB?

I said a while back, the world is no longer the free zone it was for Western money.

China will, is shifting the balance of world economic power away from the US.

In a decade the whole world will see a complete shift in this balance.

War, economic and political subterfuge in controlling other governments as part of manoeuvring of world chess control, and hegemony by the US will not be an effective option as it has in the past.

The exponential growth of China’s military might will overtake the US in very short order. As for economics seeing as the yuan is not tied to world currency values and can be manipulated at will by China all but excludes them from hitherto sanctioning, and other trade shackles used to date. The massive internal economic engine that is China needs little from the west, and as it develops will leave coal and other energy forms behind.

Their inventiveness, and creativeness regarding ‘old ways of business’ is smashing previous barriers or perhaps simply ignoring western ones and methods completely.

curious to hear what any learned TV economists and political savee thinkers have to add to my thoughts.

  • Like 1

Share this post


Link to post
Share on other sites

Considering Burma, Cambodia and Thailand think alike and are happy to be pawns makes sense.  Malaysia is on the fence and Vietnam is not excited by China.  Looks as though Thailand wins by default. 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...