Sign up | Log in



Home  >>  Daily News  >>  Asean News  >>  Events  >>  Sixth Asean Leadership Forum:Asean Urged to Focus on Domestic Spending
20 June 2009

Sixth Asean Leadership Forum:
Asean Urged to Focus on Domestic Spending

Related Stories

June 9, 2009
New US trade rep in Indonesia to meet WTO chief

June 2, 2009
S Korea calls for closer ties with Asean

June 1, 2009
S Korea-Asean summit held amidst N Korea tensions

May 15, 2009
Asia-Europe foreign ministers to meet in Hanoi, Vietnam

May 14, 2009
Thailand postpones Asean summit again

May 12, 2009
Flu pandemic worries Apec business leaders

May 4, 2009
Asean-EU ministerial meet to be held in Cambodia late May

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.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand