Market Update: We break down the business implications, market impact, and expert insights related to Market Update: Scam networks drain Thailand’s economy by 1 trillion baht, expert urges ‘clean business hub’ vision – Full Analysis.
To restore its reputation, Aat urged the Thai government to position the country as a global centre for transparent, ethical business — a “clean business hub.”
He proposed that Thailand host international conferences and seminars in Bangkok, inviting major economies such as China, the US, Japan, South Korea, and the UK to develop a joint task force promoting anti-fraud cooperation and economic transparency.
If successful, he said, the initiative would not only rebuild international confidence in Thailand’s economy but also enhance the political credibility of the government and relevant ministers.
“If we allow this problem to continue without firm action,” he warned, “Thailand’s image will deteriorate, and our credibility will suffer compared with other ASEAN countries that are free from such issues. It’s one of the reasons foreign investment in Thailand has significantly declined.”
Aat concluded that scam operations have become a chronic threat to Thailand’s economic potential, demanding urgent government intervention and international collaboration. By taking decisive action and declaring a commitment to transparency, Thailand could turn this crisis into an opportunity to restore its global image and achieve sustainable economic confidence.