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ESG, AI, and agility: Finance Minister mandates total business overhaul to escape economic 'cliff'

ESG, AI, and agility: Finance Minister mandates total business overhaul to escape economic 'cliff'

13 Sept 09:46 Key points summarised by AI
  • Finance Minister Ekniti Nitithanprapas urges Thai businesses to immediately adopt ESG principles, integrate AI and data analytics, and establish agile supply chain networks to counter global disruptions and protectionism.
  • He stresses that these transformations are essential 'licenses to play' in a global economy shifting from free trade to regional blocs, necessitating adaptation to new tariffs and supply chain realignments.
  • The minister highlights critical domestic challenges, including an aging population, calling for investments in senior-focused sectors and widespread reskilling, alongside efforts to reduce inequality through welfare and SME support.
  • Ekniti emphasizes that digital and green transformations, particularly decarbonization, are non-negotiable for competitiveness, with government initiatives pushing clean energy and sustainable growth to prevent economic stagnation.
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