One of the promises made by MR Sukhumbhand Paribatra during his re-election campaign for Bangkok governor was to prepare the city for the opening of the Asean Economic Community (AEC) in late 2015. The policy makes good sense because Bangkok has many advantages that could help position it as a hub of Southeast Asia. It was also welcomed by the Bangkok property industry as the city's property markets are expected to enjoy stronger demand when the AEC takes effect.
More companies from Asean and other countries looking to set up business operations or regional head offices in this new economic community may choose Bangkok as a hub because of a number of advantages that the city has to offer.
The city occupies a strategic location in the centre of the region, connecting the emerging economies of Myanmar and Indochina with the other Southeast Asian countries. Infrastructure has seen continued improvement. Skilled labour is available.
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