Thailand

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A changing economic landscape is the driving force for reform in Thailand’s higher education system, with the Thailand 4.0 economic strategy prompting universities to adapt curricula to meet government policy and industrial demand.

Proposed incentives to encourage mergers, combined with the implementation of new banking standards, could lead to greater consolidation within Thailand’s banking sector, which the government hopes will strengthen lenders amid plans to fast-track industrial growth.

Rising overseas demand for goods and services pushed Thailand’s GDP towards five-year highs in 2017, with business-friendly fiscal policies and planned spending on infrastructure expected to support further expansion in 2018.

Steady demand for life products has continued to underpin growth in Thailand’s insurance market, with shifting demographics and government efforts to boost personal and retirement coverage providing opportunities for insurers.

New retail legislation, combined with developments in consumer purchasing habits, are set to impact activity in Thailand’s retail sector, particularly the food and drink segment.

What do you think is driving the growing infrastructure gaps throughout emerging and developing economies in Asia?

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