BANGKOK, Thai Prime Minister, Prayut Chan-o-cha, urged all ASEAN (Association of Southeast Asian Nations) members, to rein into the ASEAN 4.0, alongside the Thailand 4.0 policy, to push forward digital connectivity in the region.

Speaking at the 18th ASEAN Business and Investment Summit (ABIS) 2019, on Empowering ASEAN 4.0 in Bangkok, Prayut urged all ASEAN member states to maximise opportunities from the Fourth Industrial Revolution (4IR) that he said, will fundamentally define the future of ASEAN.

We are driven by increasing digitalisation and innovation, said Prayut, and ASEAN is on the verge of technological revolution.

Prayut also said, his administration pushed forth the Thailand 4.0 policy with the aim to transform the Thai economy into one that can cope with the onset of 4IR.

This involves transforming the Thai economy into a digital economy, using the new business model, which combines online and offline business, said Prayut, and Thailand has already begun its digital transformation to improve the country's macroeconomic and microeconomic activities.

The key in future development is innovation, said Prayut, and innovation will be the key element in driving sustainable development in the 4IR.

The 18th ABIS 2019 Summit was a platform for ASEAN leaders to express their vision of the future, and views towards opportunities and challenges of investment in the face of changes in the world economy.

The summit also presents an opportunity for the private sector to address ASEAN leaders on problem- solving and obstacles to trade and investment.� NNN-XINHUA

Source: NAM News Network