In the past 15-20 years, Thailand has built up its international-standard golf facilities to the extent that 10% of its entire tourism income from foreigners is derived from that sport. Were it not for a ban on alcohol firms sponsoring public events, it might be growing even faster. Ironically, another drink, non-alcoholic, is partially behind a...
In line with global trends, sales of smartphones and tablet computers in Thailand have steadily increased in recent years. For smartphones, this growth has come despite limited 3G service availability (see Telecoms overview). Regardless, sales of these devices grew by 200% in 2011, according to market research firm IDC. Moreover, this trend looks...
While still facing a degree of regulatory uncertainty in 2011, the telecoms sector continued to expand rapidly during the course of the year, backed by strong demand for voice and data services. By the close of 2011 voice penetration had reached 15% in fixed-line (9.8m subscribers) and 109% in mobile (73.7m), according to the Ministry of Information...
Having proved itself a regional manufacturing powerhouse in 2011, Thailand exhibited strong growth across the board on the year in spite of enduring the its worst monsoon flooding in 50 years. Unlike other countries in the region that depend heavily on the export of raw materials such as timber, petroleum or mineral wealth to even the trade balance...
The domestic real estate market is currently marked by strong and resilient demand for condominiums in Bangkok and the spread of modern retail outlets such as hypermarkets, malls and big-box stores. However, during 2012, one of the most closely watched segments will be industrial land, as responses to the flooding in 2011 by manufacturers will...
While much of Thailand’s industrial prowess is based on efficiently assembling high-demand products for large international corporations, its burgeoning jewellery sector has evolved from strong tradition of artisan craftsmanship into one of the world’s leading jewellery production centres. According to the Board of Investment (BOI), Thailand is the...
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