The Thai telecom market is changing quickly. 4G has been introduced and a new player may now be competing, bringing the total number of major operators to four. In the short term, telecoms must pay for their spectrum, and going out they will be developing their networks and building their customer bases. This is sure to be a challenge in terms of fund-raising and profitability, and it seems...
In 2015 the construction sector grew by 15.8%, a significant improvement over 0.1% in 2013 and 3.7% in 2014, and the industry contributed 2.8% to GDP. Residential projects accounted for 66% of total construction area permitted in 2015, while industrial projects made up 16% of the total. Continued economic expansion, rising demand for housing and, most importantly, renewed government investment...
Thailand is quickly transforming from a country with transportation challenges to one that is becoming a leader in the region, and a possible logistics centre for ASEAN. The country’s air regulators are focusing on regaining the country’s top-grade assessments and have been working to remove weaker discount carriers. Thai Airways is also restructuring, and airports are being upgraded, enlarged...
Having already established itself as a manufacturing hub within South-east Asia, Thailand’s industrial sector is looking to further differentiate itself from other countries by moving up the value chain and expand its capabilities to produce greater value-added products in a variety of modern industries. This strategy seeks to spur industries to progress up the technology ladder from...
Providing the fuel for Thailand’s economic growth engine, the energy sector continues to expand to meet the growing demands of the country. Domestic primary energy consumption is weighted heavily towards fossil fuels, which accounted for 98% of primary energy consumption in 2014. Natural gas has become the fulcrum upon which energy development is now focused in both the hydrocarbons and...
After a short-lived slowdown related to political uncertainty, economic weakness and the ending of a first-time car-buyer scheme, the insurance sector in Thailand is beginning to grow again at a healthy pace. Given the relatively low penetration rate, the increasing incomes in the country and the ageing population, it is expected that the sector will soon expand again at or near its...
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