What obstacles must be overcome for Asia to meet its long-term energy needs through renewables?
Thailand
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Economic view | Allard Nooy, CEO, InfraCo Asia
7 Jan 2019
Economic update | Thailand: Year in Review 2018
2 Jan 2019
Increasing levels of private consumption and investment, backed by the government’s infrastructure programmes, helped Thailand’s economy expand in 2018, although a decline in external demand and lower tourism receipts are expected to dampen full-year growth.
High rates of digital banking growth and an increase in online transactions have coincided with new investment in Thailand’s e-commerce segment, with online shopping market share expected to treble within five years.
How do you see the newly formed Infrastructure Asia dovetailing with transnational initiatives like the Belt and Road?
Thailand is moving forward with plans to expand its transport infrastructure, with some of the country’s largest companies gearing up to bid on a high-speed rail line linking three key airports. Other major rail projects have also experienced progress in recent months.
Rising international demand will likely see Thailand come close to equalling last year’s record for rice exports, with strong sales supporting higher rural incomes and contributing to broader economic growth, though success could bring its own challenges.