Thailand catching up with Malaysia fast
Recently I visited Bangkok and came back just one day before the coup happened. This city of 10 million population is boasting with activity. Thailand GDP per capita is about USD 2500 as compare to Malaysia GDP per capita about USD 5000. Thailand is attracting more FDI compare to Malaysia. In terms of economy Thailand is more open and welcomes foreign investor. One will be suprised to see the number of foreigners in Bangkok. Infrastructure wise, Thailand is also fast catching up with the criss cross elevated highways, state of the art Survanabhumi airport capable of handling 45 million pax annually and they are building an airport link from Makassan similar to the ERL we have for KLIA. All this coordinated effort will create more competition for Malaysia. In the near future if Thailand decides to build the Thai Canal, this will create new opportunities for their economy in the South region. Thailand is now the Detroit of Asia, manufacturing base of large automotive companies and also a tourism haven in ASEAN.
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