Thailand Business News
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ASEAN is actively discussing a common target for the region to work towards having a higher percentage of renewable energy sources and new energy technologies, such as cleaner coal technology, in the regional energy mix, including the projected targets until 2030
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ASEAN to Accelerate Energy Connectivity
Sectors linked to external demand (namely, manufacturing, hotels and transport) have been the main contributors to growth since the 1997-98 Asian financial crisis, and have also determined the dynamics of the economy in 2008-09. These sectors have accounted for almost all of the annual changes in real GDP.
The continuation of certain government policies, especially the pension to the elderly and free education should also support higher consumption levels for the poor. The longer-term goal of reducing reliance on external demand will take time, especially given political uncertainties that hinder the government’s ability to implement not only its investment program but also needed structural reforms.
‘‘The bigger Thai companies going on international road shows still stop in the US, Europe, Hong Kong and Singapore. But a few are also beginning to go to China and the Middle East as well,’’ Mr Wood said.
‘‘Institutional investors want to have the ability to get in or out of a stock without significantly influencing the share price.
