Tax exemptions and other incentives are set to spearhead Thailand’s efforts to boost foreign direct investment (FDI) in targeted areas of the economy.
Thailand
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Economic update | Thailand takes steps to boost FDI
19 Jul 2016
A stronger-than-expected performance in the first quarter has prompted analysts to revise their year-end growth forecasts for the Thai economy, though some remained cautious in the face of ongoing challenges both at home and abroad.
Drought conditions caused by the El Niño weather pattern have seen output ease in Thailand’s agricultural sector, with water shortages predicted to slow economic growth in 2016.
Increasing demand on the back of an expanding middle class and growing awareness of services will drive growth in Thailand’s insurance sector, though short-term prospects may be muted by a cooling of the economy.
Increased investment in human resources and more stringent regulatory oversight are part of a wider programme aimed at bringing Thailand’s aviation sector back in line with international standards.
Increased investment in communications infrastructure aimed at achieving nationwide broadband coverage is under way in Thailand.