Thailand joins forces with Penang to increase business and trade

7IB0541JB6Thailand is looking forward to expanding its business collaboration with Penang in areas such as construction and seafood.

“There are a lot of opportunities and investments that we can achieve together with the Malaysian people. We see that Penang is a very well-developed state, in Malaysia there are many multinational corporations investing here,” said the Executive Director of the Trade and Investment Cooperation Division of the Thai Department of Foreign Trade, Akarapong Dipavajra, in a press conference in Penang on September 25.

He said although Thailand’s investment in Penang is still minimal, there is potential for it to grow.

Dipavajra, who headed a Thai delegation, said Thailand is setting up five special economic zones to boost border trade and prepare for the arrival of the Asean Community next year – in Mae Sot, Aranyaprathet, Khlong Yai, Mueang and Sadao.

“We are studying the safety and also the infrastructure that we should do and support to make this thing happen in the future. In these areas you can import labour from neighbouring countries,” he added.

Meanwhile, Penang’s Deputy Chief Minister Datuk Mohd Rashid Hasnon in his welcoming remarks said the business matching session would help to create a higher awareness of business opportunities for the business communities of Thailand and Penang and bring about a more robust business relationship between both countries.

“There are opportunities for greater collaboration and cooperation between Penang and Thailand especially in Halal products, food and tourism within the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) and the ASEAN Economic Community 2015,” he said.

He said Thailand was the ninth largest source of tourists passing through the Penang International Airport in 2013, and the number of Thai tourists grew a further four per cent in the first half of this year.

 



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Thailand is looking forward to expanding its business collaboration with Penang in areas such as construction and seafood. “There are a lot of opportunities and investments that we can achieve together with the Malaysian people. We see that Penang is a very well-developed state, in Malaysia there are many multinational corporations investing here,” said the Executive Director of the Trade and Investment Cooperation Division of the Thai Department of Foreign Trade, Akarapong Dipavajra, in a press conference in Penang on September 25. He said although Thailand's investment in Penang is still minimal, there is potential for it to grow. Dipavajra,...

7IB0541JB6Thailand is looking forward to expanding its business collaboration with Penang in areas such as construction and seafood.

“There are a lot of opportunities and investments that we can achieve together with the Malaysian people. We see that Penang is a very well-developed state, in Malaysia there are many multinational corporations investing here,” said the Executive Director of the Trade and Investment Cooperation Division of the Thai Department of Foreign Trade, Akarapong Dipavajra, in a press conference in Penang on September 25.

He said although Thailand’s investment in Penang is still minimal, there is potential for it to grow.

Dipavajra, who headed a Thai delegation, said Thailand is setting up five special economic zones to boost border trade and prepare for the arrival of the Asean Community next year – in Mae Sot, Aranyaprathet, Khlong Yai, Mueang and Sadao.

“We are studying the safety and also the infrastructure that we should do and support to make this thing happen in the future. In these areas you can import labour from neighbouring countries,” he added.

Meanwhile, Penang’s Deputy Chief Minister Datuk Mohd Rashid Hasnon in his welcoming remarks said the business matching session would help to create a higher awareness of business opportunities for the business communities of Thailand and Penang and bring about a more robust business relationship between both countries.

“There are opportunities for greater collaboration and cooperation between Penang and Thailand especially in Halal products, food and tourism within the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) and the ASEAN Economic Community 2015,” he said.

He said Thailand was the ninth largest source of tourists passing through the Penang International Airport in 2013, and the number of Thai tourists grew a further four per cent in the first half of this year.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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