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Wednesday, February 12, 2025

Bangkok Rises in Global Rankings, Aims for Further Growth

Bangkok has improved its global standing, climbing to 34th place in Kearney’s 2024 Global Cities Index and earning recognition from Time Out as the world’s second-best city in 2025. Bangkok Governor Chadchart Sittipunt credited this progress to collaboration between the Bangkok Metropolitan Administration (BMA), the national government, and the public. While acknowledging the achievement, he emphasized the need for further development to position the city among the world’s top 10.

Investor confidence remains a priority in Bangkok’s economic strategy, with efforts focused on attracting skilled professionals, reputable investors, and high-quality tourism. However, Chadchart warned that illicit businesses harm Thailand’s reputation and discourage credible investment. To combat this, he has coordinated with National Police Chief Pol Gen Kitrat Phanphet to tighten law enforcement and ensure only legitimate businesses contribute to the city’s development.

Enhancing urban livability is another key aspect of Bangkok’s investment appeal. The city has seen a growing number of expatriates and foreign professionals choosing to reside in Thailand, reflecting its attractiveness as a destination. However, Chadchart stressed that economic growth must be accompanied by improvements in quality of life. Measures to address these concerns include easing traffic congestion, simplifying regulations, and enhancing public services to support business efficiency.

To foster a more transparent investment environment, the BMA has reinforced its zero-tolerance stance on corruption. Efforts include eliminating unofficial fees for permits, streamlining bureaucratic procedures, and integrating technology-driven solutions to enhance efficiency. These initiatives aim to create a fair and predictable business environment while supporting Bangkok’s broader development goals.

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