Thailand

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The Thai government announced a series of new incentives and support mechanisms in late 2016 and early 2017, aimed at boosting foreign investment in key industries.

A slow-paced economic recovery and ongoing concerns over political stability were the hallmark of Thailand’s year in 2016, though the new year should bring stronger prospects.

A gradual recovery of the Thai economy should spur greater activity in the country’s retail sector, though it will take time for the market to regain momentum, with consumer sentiment still cool and the sector exposed to domestic and international headwinds.

An expanded product range aimed at broadening the client base alongside plans to target new markets are part of Thailand’s campaign to shore up its medical tourism industry, which is coming under pressure from increased competition and weaker economic performance in key source countries.

Thailand’s rail transport sector is set to expand over the next decade, with construction on a new high-speed railway line to begin as early as next year while upgrades to the country’s mass rapid transit system are already under way.

An initiative driven by Thailand to develop closer financial integration and cooperation among Greater Mekong Sub-region (GMS) countries could bolster Bangkok’s position as a capital markets and banking centre.

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