The second-largest economy in ASEAN after Indonesia, Thailand has developed a positive international reputation on the back of its pro-investment policies and well-developed infrastructure, standing as one of the most liberalised and business-friendly markets in the region.
Thailand is no small player in the steel industry. It is the number 33 manufacturer in the world for crude steel, behind only Malaysia and Vietnam in the ASEAN region, according to World Steel Association figures for 2012. In the first half of 2013, reports the South East Asia Iron & Steel Institute, it was the region’s largest producer of...
On the economic road from farms to factories to services, Thailand has come a long way. Through a combination of low costs, sound policy, a good work ethic and a relative lack of labour activism, the country has managed to make the transition from an economy based on agriculture and commodities to become one of the most industry-oriented nations...
What can we expect to see as a result of the Board of Investment’s new industrial incentives?
The Thai retail sector is a study in contrasts. On the one hand, it is suffering acutely as the political protests drag on and consumer spending and confidence continue to fall. Investors are worried about the country’s economic future, in the near term at the very least, and are holding their breath and their money. On the other, Thailand is...
Thai retailers have been rushing overseas, both to the near abroad and across the globe. Three things motivate them: the limits of Thailand’s domestic market size, perceived opportunities in other countries, such as Indonesia, and low prices for acquisition targets, especially in Europe. Another drive is self-confidence: the knowledge that they...
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