Thailand

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The services sector in Thailand has mushroomed in recent years, with tourism and hospitality, retail and finance all seeing major expansion. The first of these, tourism, is responsible for some 10% of the country’s GDP, with 29.88m tourists visiting the country in 2015. This provided the government with some BT2.21trn ($66.5bn) in revenue in...

 

An ambitious and far-reaching government stimulus package announced in late 2015 is targeting a return to the robust economic growth seen in the years following the Asian financial crisis. The government is encouraging lending across a host of segments and demographics, including small businesses and startups, an agricultural industry beset by...

 

How can ASEAN improving how it addresses development gaps across the region?

 

As is known, our countries have a special relationship. In two years’ time, we will mark the 120th anniversary of the establishment of diplomatic ties. Our economic cooperation has, in effect, never been interrupted. In recent years, trade turnover, despite the crisis and global economic problems, has grown, reaching $4bn in 2014 by our...

 

What steps can be taken to ensure that current EU-ASEAN free trade agreement (FTA) negotiations do not end in another impasse?

 

In line with the trend of regional currencies, the baht’s recent movement has been largely influenced by external factors. Any imminent signals of the US Federal Reserve’s initial interest rate hikes or worse-than-expected data coming out of China would prompt capital outflows from emerging markets, thereby weighing down their currency values...

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