The EEC project is one of the most important components of the government’s economic development agenda, Thailand 4.0. Strategically located along the eastern seaboard, the EEC is set to become the country’s primary investment attraction, with stakeholders moving to build on existing infrastructure, and in doing so, promote the development of...
Located at the heart of South-east Asia, the Kingdom of Thailand covers a total area of approximately 513,120 sq km, making it the 52nd-largest nation in the world by area. It is bound geographically by the nations of Cambodia to the east, Laos to the northeast, Malaysia to the south and Myanmar to the west. Its major natural boundaries...
Under the auspices of Thailand 4.0, which targets economic growth through technology and innovation, the banking industry is slated to undergo major changes. Although banking is not one of Thailand 4.0’s strategic industries, the sector is still expected to benefit from increased deployment of financial technology (fintech).
With a robust export economy dominated by the manufacturing industry, Thailand has long benefitted from foreign investment in key sectors, such as automotive and electronics, while its agriculture and agro-food base has pushed it to the forefront in global rubber, rice and seafood production. Trade and investment have been under pressure in...
According to the results of the inaugural Business Barometer: OBG in ASEAN CEO Survey, in which we surveyed business leaders in Indonesia, Malaysia, Myanmar, the Philippines, Thailand and Vietnam, business sentiment is buoyant in the region. This is the first time we have collated our proprietary data from individual ASEAN markets, allowing us to...
Household consumption in Thailand has been constrained by an ageing population and rising consumer debt, and a string of failed stimulus packages launched in the early 2010s led to a sharp increase in the number of distressed and non-performing loans (NPLs) in the consumer segment, exacerbating already challenging circumstances. However, the tide is...
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