Frost & Sullivan To Host Web-based Seminar On Asean's Growth Frontiers

KUALA LUMPUR, July 12 (Bernama) -- Frost & Sullivan will host a complimentary web-based seminar, "Asean's Growth Frontiers and Doors to Asean Economic Community: Malaysia and Thailand", on July 19, 2012. In a statement on Thursday, Frost & Sullivan said the web-based seminar will allow the participants to understand the growth prospects and opportunities in the emerging markets with a special focus on Malaysia and Thailand. It said while Singapore has long played the key role in Asean development, Thailand and Malaysia were at the forefront of economic growth and industrial development while containing abundant natural resources. "This briefing will take a deep dive into the Malaysian and Thai economies with a focus on emerging mega trends and executive insights derived from priority industries," it said. Vice president, Frost & Sullivan APAC, Hazmi Yusof, said at the beginning of this decade, Malaysia has set itself a target of five per cent to six per cent growth over the next 10 years to become a high-income nation economy by 2020. In 2011, the gross domestic product was 5.1 per cent and in 2012 despite global economic uncertainty, Malaysia economy was predicted to grow by 4.6 per cent according to the World Bank, he said. "Growth is driven by domestic demand and the bullish growth of its Asean neighbours, chiefly Indonesia and Vietnam. Malaysia is positioning itself as the gateway to Asia," he said. Meanwhile, country manager, Frost & Sullivan Thailand, Dr Monsinee Kee, said Thailand will drive enormous economic growth in Greater Mekong Sub-region (GMS) due to its leading natural and economic resources as well as advanced infrastructure, connecting Myanmar, Lao, Cambodia, and Vietnam at its borders. "Therefore, Thailand will be the hub of key GMS activities," Monsinee said. -- BERNAMA