BANGKOK, 23 April 2015 -The Deputy Prime Minister in charge of economic affairs has informed Moody’s Investors Service, the world’s most famous financial services company, what the Thai government has been doing to improve the economy.
The Deputy Prime Minister overseeing economic affairs, M.R. Pridiyathorn Devakula, said to the company that the Thai government is aiming to achieve long-term economic results.
One of several measures adopted by the government is the introduction of technology to the industrial sector in hopes of making products from Thailand more competitive given that other nations are offering them at somewhat lower prices.
Thai workers will be able to adapt well to the use of technology as they are highly skilled workers, according to him. He added it would take around 3 years for Thai manufacturers to be fully equipped with new technologies.
In terms of foreign investments, Thailand has so far attracted 15 foreign and Thai companies that wish to set up their international headquarters in the country.
He also told Moody’s Investor Service that the Thai government has made significant progress on the establishment of a national broadband network, which should be functional in 6 months’ time.
