Tuesday, 29 March 2016

Japanese investment in GMS development

On Japanese investment in GMS development:
Japan has agreed to provide US$21 million worth of aid to help upgrade human resources and workers in countries within the Greater Mekong Subregion (GMS) for three years... Japanese and Thai specialists will be dispatched to provide training for workers in Cambodia, Laos and Myanmar... Thai officials have been asked to help by easing access for foreign workers' work permits and entry visas... the Japanese government pledged ¥750 billion ($6.1 billion) for assistance to five GMS countries -- Cambodia, Laos, Myanmar, Thailand and Vietnam -- as part of a new strategy for Mekong-Japanese cooperation during 2016-18... This move comes amid China's active efforts to promote the Asian Infrastructure Investment Bank, which Japan sees as a challenge to the Asian Development Bank it founded. The Thai government must invest more in education to produce a labour force that can match the demands of Japanese industry, it said.. Japan adjusted its educational system and allocated funds for training to create a skilled labour force capable of meeting rising demand amid industrial expansion, especially after the government instituted numerous policies to promote investment.
"Japan allots $21m to raise standards," Bangkok Post, 29 March, 2016.

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