This article discusses the plan of Muang Thai Life Assurance Plc to expand into the Asean economic community.
The Asean economic community is an attempt to integrate the economic region of Southeast Asia. Although the goal of the community is for integration in 2015, firms such as Muang Thai Life Assurance Plc, a rapidly growing company, is studying the opportunities of the near future to expand particularly into nearby ASEAN nations, Laos, Cambodia, and Vietnam. The region will most likely benefit from the integrated economy as the cooperation involves development in multiple areas such as infrastructure and human capital, which the region is lacking. Some expected results would be free movement of goods, services, investment, skilled labor, and free flow of capital.
http://www.bangkokpost.com/business/economics/335298/muang-thai-life-anxious-to-expand-abroad
2 comments:
I agree that the region will most likely benefit from the integrated economy. However, I don't really understand how firms like Muang Thai Life Assurance Plc are going about doing that. I think it depends a lot on ASEAN as a whole. Good news is that the leaders of each country in the group feel the need to further integrate the region. For example in 2009 a Free Trade Agreement with the ASEAN regional block of 10 countries and New Zealand and its close partner Australia was signed.
I think they haven't done anything yet. They are simply studying the opportunities of the future. Muang Thai Life Assurance is definitely not the only firm anticipating the community.I definitely agree with you that the success depends on the ASEAN as a whole and that we can be optimistic that leaders of each country will cooperate.
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