Located in the heart of South-east Asia, Thailand combines an ancient Buddhist culture with an emerging industrial economy. It is the only South-east Asian country never to have been colonised, and the monarchy dates back to the 14th century.
Thailand
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A new investment stream is set to pour into Thailand’s property sector with the upcoming release of real estate investment trusts (REITs), bringing the country into line with many of its regional neighbours. Details are still unclear, however, on when exactly investors will be able to take advantage of the new tool.
Concerned that the deepening uncertainty over the debt crisis in the eurozone, combined with a general slowing of the global economy, could impact the country’s capital markets, Thailand is keeping a wary eye on the situation in Europe.
The Thai banking sector experienced rapid growth in the first quarter of 2012 on the back of significant expansion of the economy as a whole, with most banks posting increases in profits and loans.
In a move widely regarded as a major policy u-turn, the Thai government is paving the way for the relocation of low-cost carriers (LCCs) from Bangkok’s primary airport, Suvarnabhumi, to alternative facilities at the older Don Mueang International Airport as it looks to tackle the growing problem of passenger congestion.
Economic update | Thailand: Fuelling up
17 May 2012
Thai consumers are beginning to feel the effects of the government’s decision to liberalise compressed natural gas (CNG) prices with the aim of bringing retail costs in line with the global market and potentially freeing up government funds for use in other sectors.