Swiss based IMD ranks Thailand’s competitiveness at 27th, private sector wants infrastructure investments

English: IMD has changed its logo as of June 2...

English: IMD has changed its logo as of June 2011. This is the June 2011 version. (Photo credit: Wikipedia)

In the recently released World Economic Forum (WEF) global competitiveness reports, saw Thailand’s ranking up by one place, after increasing two places last year. Bernama reports; The Switzerland-based International Institute for Management Development (IMD) has ranked Thailand’s competitiveness at the world’s 27th, out of 60 countries, Thai News Agency (TNA) reported. Teeranun Srihong, President of Bangkok-based Kasikorn Bank (KBank), told journalists of the IMD’s latest survey and ranking on Wednesday, acknowledging that Thailand’s latest competitiveness status remains the same. Compared with other member countries of the Association of Southeast Asian Nations (Asean), Teeranun said Thailand has been ranked the 3rd, after Singapore and Malaysia. According to the KBank president, the private sector wants the Thai government to quickly invest in infrastructure, product and human resource development to prevent Thailand from being ranked lower in terms of business competitiveness. (Source)


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