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Sixth Asean Leadership Forum: Asean Urged to Boost Domestic Spending

06-22-2009 12:33 PM CET | Politics, Law & Society

Press release from: AseanAffairs

With export markets in crisis, Asean should turn its focus to investing at home, using the huge reserves available, a Thai speaker told the audience at the Sixth Asean Leadership Forum held here Friday.

Narongchai Akrasansee, chairman of the board of directors of Export-Import Bank of Thailand and former minister of Commerce, blamed heavy reliance on the strength of the US currency and the financial market for part of the economic difficulties Southeast Asia is currently facing. He urged the private sector to invest and help the region out of the crisis.

Thailand Prime Minister Abhisit Vejjajiva, in his keynote speech earlier, noted that willingness of government and the private sector to work together is key in rebuilding Southeast Asia’s economy.

"We need to rebuild and strengthen our economies as well as regenerate sustainable growth and development. Asean is well-placed to do this, but it will have to be a collective effort on the part of governments and all sectors of society. The private sector in particular has an important role to play."

The day-long event, held at the Sheraton Grande Sukhumvit, Bangkok, included a series of expert panel sessions under the theme, "Asean after the Global Economic Crisis: Rebuilding Economies, Regenerating Growth".

Among the panel participants were former Asean Secretary-General Rodolfo C Severino, Standard Charted Bank Thai President Mark Devadason, Dr Narongchai Akrasansee.

Co-organised by AseanAffairs magazine, an English-language publication with a focus on the ten-nation Asean (the Association of Southeast Asian Nations) and the Asian Strategy & Leadership Institute (ASLI) based in Kuala Lumpur, Malaysia, the yearly event brought together the region’s leading policy-makers, business leaders and foreign trade representatives.

Key supporters of the forum include the Hanns Seidel Foundation, the Advanced Cultural Exchange Training Corporation, AirAsia, Bina Puri, Acrossmedia and Vietnam Airlines.

For further information:
Send your queries to editor@aseanaffairs.com
www.aseanaffairs.com
Sixth Asean Leadership Forum
http://www.aseanaffairs.com/asean_leadership_forum_2009

About ASEAN Affairs.
ASEANAFFAIRS is the First and Only publication from Asia reaching a global audience through its daily online edition Asean Affairs (www.aseanaffairs.com) and our sister website (www.aseantraveller.com), and Print magazine available in 34 countries-Thailand, Singapore, Malaysia, Indonesia, Philippines, 27 Countries of the Euro zone, USA and Canada. Distributors in Australia, NZ and South Africa will be appointed soon taking the print magazine to 5 continents. WWW.ASEANAFFAIRS.COM, with 5000 pages of content and growing daily, the site is a treasure trove of news, analysis, features, country profiles, daily updates by countries and topics, videos, research reports, press releases and much more, receiving thousands of hits everyday.

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