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- ASEAN has historically responded to economic shocks by deepening regional integration and cooperation rather than retreating from it. The IMF warns that current global conflicts risk raising commodity prices, tightening financial conditions, and disrupting trade and infrastructure.
- The bloc continues to prioritize dialogue and institution-building as foundations for stability, while advances in digital trade frameworks and energy transformation are identified as key drivers of future economic growth across the region.
The International Monetary Fund warns current conflicts will increase commodity prices and financial strain. However, ASEAN’s resilience, demonstrated throughout its history, lies in transforming shocks into opportunities for integration and growth.
By prioritizing dialogue and cooperation, ASEAN has strengthened its economic foundations, evidenced by significant GDP, trade, and investment growth.
- Current conflict will create higher commodity prices, tighter financial conditions, infrastructure damage and transport disruptions, according to the International Monetary Fund.
- The resilience of the Association of Southeast Asian Nations (ASEAN) lies in weathering such shocks and in using them to deepen integration, widen cooperation and strengthen growth.
- And as ASEAN continues to prioritise dialogue, institution-building and restraint over escalation, energy transformation and technology will fuel its future growth.
The region is navigating geopolitical shifts and embracing energy transformation and technology, like the Digital Economy Framework Agreement, as key drivers for future prosperity. This consistent ability to adapt and deepen cooperation ensures ASEAN’s continued progress in a challenging global landscap
Business
Allient Inc. (ALNT) Presents at Lake Street 10th Annual Best Ideas Growth Conference – Slideshow
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Prime Minister Anutin Charnvirakul met ILO Director-General Gilbert F. Houngbo to discuss labor cooperation, skills development, and adapting Thai workers to evolving job market demands during the ASEAN Labor Ministers Meeting.
Key Points
- Prime Minister Anutin Charnvirakul welcomed ILO Director-General Gilbert F. Houngbo at Government House on Aug 28 for discussions aimed at preparing Thai workers for evolving labor market demands during Houngbo’s visit for the 29th ASEAN Labor Ministers Meeting.
- The talks focused on labor cooperation, skills development, and adapting to changes in the workforce, with both sides exploring strategies to help workers access new opportunities.
- Premier Anutin highlighted government initiatives for upskilling and reskilling Thai workers, ensuring their capabilities align with employer needs, while also addressing worker protection and alignment with international labor standards.
Prime Minister Anutin Charnvirakul welcomed International Labor Organization (ILO) Director-General Gilbert F. Houngbo to Government House today (Aug 28) for talks on preparing Thai workers for changing labor market demands. Houngbo was visiting Thailand to attend the 29th ASEAN Labor Ministers Meeting.
The discussions involved labor cooperation, skills development, and preparations for changes in the world of work. The two sides explored ways to help workers adapt to evolving employment conditions while gaining fair access to new opportunities.
Premier Anutin discussed government efforts to expand upskilling and reskilling to help Thai workers develop capabilities that match changing employer needs in Thailand and overseas. Measures to improve worker protection and align labor development with international standards were also detailed.
Source : Thai PM and ILO Chief Discuss Future of Thai Workforce
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