Thailand becomes ‘Sick Man of Southeast Asia’

BANGKOK, March 26 – Thailand is now being branded as ‘the sick man of Southeast Asia’ given its low economic growth, unstable politics and lack of investors’ confidence, according to the University of the Thai Chamber of Commerce.

Ath Pisalvanich, director of the university’s International Trade Studies Centre, said 480 out of 4,000 small- and medium-sized Thai enterprises have planned to invest in neighbouring Indonesia, Myanmar and Laos with a total investment of Bt77 billion.

MCOT