The establishment of the ASEAN Economic Community 2015 means opportunities abound in the region. The AEC is the goal of regional economic integration by 2015. AEC envisages the following key characteristics: (a) a single market and production base, (b) a highly competitive economic region, (c) a region of equitable economic development, and (d) a region fully integrated into the global economy. The AEC areas of cooperation include human resources development and capacity building; recognition of professional qualifications; closer consultation on macroeconomic and financial policies; trade financing measures; enhanced infrastructure and communications connectivity; development of electronic transactions through e-ASEAN; integrating industries across the region to promote regional sourcing; and enhancing private sector involvement for the building of the AEC. In short, the AEC will transform ASEAN into a region with free movement of goods, services, investment, skilled labour, and freer flow of capital.
Something for retirees: Thailand is one of the most affordable and interesting places in the world to think about retiring. Think natural beauty, pristine beaches, great food and friendly people… you got it.
Something for investors: One of Asia’s most vibrant economies, Thailand is finally recovering from years of political uncertainty. The current Junta aims to put economic growth above all. Is it time to get into Bangkok property investment now? Is 10% rental yield really attainable? Can foreigners buy Bangkok real estate? Singapore’s property sector has been in the doldrum for some years. Will government measures be removed soon? Is it time to dip your toes? Speak to us