Bangkok, April 13 -- Thailand's Finance Minister Ekniti Nitithanprapas has said that the current energy crisis could be the last opportunity for the Southeast Asian country to restructure its economy and ensure long-term sustainability.
The Thai economy remains imbalanced, relying heavily on exports and services such as tourism, which together account for roughly 70% of GDP. Meanwhile, domestic investment aimed at strengthening the country's production structure and keeping pace with global changes remains insufficient, he noted.
Before the 1997 economic crisis, Thailand's total investment reached around 40% of GDP, but today it stands at only 24%.
The conflict in the Middle East has triggered a global energy crisis, providing an impetus...