By Areas that need immediate improvement include visas and regulations that prevent Thailand from gaining more value from foreigners and foreign workers, Governor Sethaput Suthiwartnarueput said in a March speech that was posted recently on the central bank’s website.
Other points from the interview with Chayotid:
- The task force will talk to foreign manufacturers in Thailand, especially in the auto and electronic industries, about how to upgrade their technology or bring research and development functions to Thailand
- The team will recommend the government offer more incentives and develop infrastructure for use of electric cars, which could encourage local producers to meet rising demand locally
- The team will approach new investors when Thailand reopens its borders later this year
“If we don’t fix this now, it will be too late to upgrade our investment,” Chayotid said. “We don’t want to be left behind and die with old technology.”
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