PM reasserts Thailands solid economic fundamentals to foreign investors
DAVOS, Switzerland, Jan 29 -- Ongoing political problems in Thailand are not affecting the government's stability due to the countrys strong economic fundamentals, Prime Minister Abhisit Vejjajiva told leading foreign business leaders and investors during the World Economic Forum session here.
Mr Abhisit told delegates attending the Creating Shared Norms: The Centurys Leadership Challenge session that as the world has entered the 21st century the Thai government has given an opportunity to the people in laying out a sustainable economic policy.
Initiated by HM King Bhumibol Adulyadej, the policy calls for a fair and balanced economy along with continued cooperation with the international community, he said.
Referring to the widening divisiveness in the world, Mr Abhisit stressed global cooperation, development, lowering economic disparities and allow all sectors in society to have a role in developing their country.
He later met with senior executives of Britains Tesco, which plans to construct a zero carbon store in the eastern Thai province of Chon Buri, the second such store in the world.
Last February, Tesco, which releases about four million tonnes of carbon annually, opened its first zero carbon store in Ramsey, Cambridgeshire, as part of its attempt to be a carbon neutral firm by 2050. The shop is timber-framed, uses skylights and sun pipes to reduce lighting costs. It is powered by renewable bio-fuels and exports electricity back to the national grid.
In his talks with senior executives of Dow Chemical Company, a leading US chemical producer, an agreement was reached on closer and more frequent discussions in future, especially on ways to prevent the pollution problem in Map Ta Phut Industrial Estate in the eastern province of Rayong from recurring.
Dow Chemical late last year announced an expansion of its investment for propylene glycol production in Thailand with a Bt2 billion budget. Propylene glycol is a raw material used in consumer g! oods man ufacturing for food, medicines and sanitation products. The new plant in Thailand will be located in Rayong's Asia Industrial Estate and will have a production capacity of about 150,000 tonnes annually, while applying environmentally-friendly technology.
Dow Chemical has invested in Thailand since 1967, both by itself and with Thailand's Siam Cement Group (SCG), with an investment value in total of around Bt142 billion. (MCOT online news)
Mr Abhisit told delegates attending the Creating Shared Norms: The Centurys Leadership Challenge session that as the world has entered the 21st century the Thai government has given an opportunity to the people in laying out a sustainable economic policy.
Initiated by HM King Bhumibol Adulyadej, the policy calls for a fair and balanced economy along with continued cooperation with the international community, he said.
Referring to the widening divisiveness in the world, Mr Abhisit stressed global cooperation, development, lowering economic disparities and allow all sectors in society to have a role in developing their country.
He later met with senior executives of Britains Tesco, which plans to construct a zero carbon store in the eastern Thai province of Chon Buri, the second such store in the world.
Last February, Tesco, which releases about four million tonnes of carbon annually, opened its first zero carbon store in Ramsey, Cambridgeshire, as part of its attempt to be a carbon neutral firm by 2050. The shop is timber-framed, uses skylights and sun pipes to reduce lighting costs. It is powered by renewable bio-fuels and exports electricity back to the national grid.
In his talks with senior executives of Dow Chemical Company, a leading US chemical producer, an agreement was reached on closer and more frequent discussions in future, especially on ways to prevent the pollution problem in Map Ta Phut Industrial Estate in the eastern province of Rayong from recurring.
Dow Chemical late last year announced an expansion of its investment for propylene glycol production in Thailand with a Bt2 billion budget. Propylene glycol is a raw material used in consumer g! oods man ufacturing for food, medicines and sanitation products. The new plant in Thailand will be located in Rayong's Asia Industrial Estate and will have a production capacity of about 150,000 tonnes annually, while applying environmentally-friendly technology.
Dow Chemical has invested in Thailand since 1967, both by itself and with Thailand's Siam Cement Group (SCG), with an investment value in total of around Bt142 billion. (MCOT online news)
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