TAG: Asia
Following a number of recent political and economic challenges in the country, Thailand’s C-suite executives remain notably optimistic about local business conditions in Oxford Business Group’s second CEO Survey on the Thai economy. As well as providing optimistic responses on their short-term investment plans, respondents implicitly underscored their commitment to Thailand’s long-term strategy to become a high-income, valuebased economy, citing engineering, leadership, research and computer technology as their top-four long-term workforce requirements, thereby closely aligning with the objectives of the government’s Thailand 4.0 agenda.
The growing recognition that economic liberalisation offers the best path forward for the country has been reflected in a number of recent reforms, including a spate of significant stimulus packages that were announced late in 2015 and continued into 2016.
Despite a rising tide of international trade protectionism and ongoing political uncertainty at home, a significant majority of executives who participated in OBG’s second ever Thailand Business Barometer indicated that their firms planned significant capital investments in the year ahead.