February 9, 2023
1 min read

Thailand, Malaysia join hands for economic recovery

The economy was a top priority for both leaders, who discussed cooperation in trade, investment and infrastructure in the Thai-Malaysian border areas…reports Asian Lite News

Thai Prime Minister Prayut Chan-o-cha and visiting Malaysian Prime Minister Anwar Ibrahim have announced deepening collaboration to hasten economic recovery.

The two leaders met on Thursday during Anwar’s two-day official visit, which is part of his introductory tour to the members of the Association of Southeast Asian Nations (ASEAN) and his first visit to Thailand since taking office as Malaysia’s Prime Minister late last year.

The economy was a top priority for both leaders, who discussed cooperation in trade, investment and infrastructure in the Thai-Malaysian border areas, as well as in new areas such as digitalisation, energy and food safety, Xinhua news agency reported.

Speaking at a joint press conference, Prayut said both parties agreed to enhance the multifaceted cooperation to boost the economy and work towards a bilateral trade target of $30 billion by 2025 through increased trade and reduced barriers.

According to the joint press statement, the two leaders exchanged views on common concerns regarding international and regional challenges and reaffirmed their commitment to upholding ASEAN Centrality and collaborating to overcome global geo-political and socio-economic changes.

They further stressed the importance of speeding up ongoing projects, especially those enhancing connectivity and boosting economic activities between the two countries.

Both sides also discussed intensifying efforts to establish linkages between the Special Economic Zones in the border areas to promote long-term investment, and economic and social development.

ALSO READ: UK, SEC Thailand sign MoU on financial services

Previous Story

Zelensky in Brussels

Next Story

Quake death toll mounts to 21,000 in Turkey, Syria

Latest from -Top News

Trump heads to Asia for Xi talks

The President will also visit Malaysia and Japan on his first trip to Asia since he returned to the White House in January in a blaze of tariffs and international dealmaking…reports Asian

Windrush victims to get 75% compensation

Home Office pledges faster payouts and new entitlements for Windrush victims after years of criticism over slow, unfair compensation process…reports Asian Lite News Victims of the Windrush scandal will now receive three-quarters

Powell elected Labour’s deputy leader 

Powell’s victory comes after a week in which the government has faced questions over the grooming gangs inquiry and the mistaken release of a migrant sex offender from prison…reports Asian Lite News

Cambodia, Thailand Seal Peace Deal

The peace accord was signed in the presence of US President Donald Trump…reports Asian Lite News In a landmark moment for Southeast Asian diplomacy, Cambodia and Thailand formally signed a long-awaited peace

Trump Treads Carefully on Taiwan

Trump confirmed that Taiwan would be among the topics likely to come up during his discussions with Xi…reports Asian Lite News As US President Donald Trump began his five-day tour of Asia
Go toTop

Don't Miss

Sheikh Khaled, Malaysian PM discuss economic ties

The meeting took place during a welcome reception held by

UAE, Malaysia keen to strengthen bilateral ties

The two sides discussed issues related to the bilateral cooperation