As the government sharpens it focus on ICT, a digital drive is taking shape in Thailand, underpinned by plans that include incentives for investors and improved communications infrastructure.
Thailand
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Economic update | Thailand gears up to go digital
30 Mar 2015
An increase in overseas patient numbers should lift earnings in Thailand’s health tourism sector this year, with double-digit growth forecast as service providers move to boost their profile and service offerings.
Economic update | Thailand Year in Review 2014
29 Jan 2015
A slowing of domestic and overseas demand, combined with uncertainty over Thailand’s political direction, cooled the economy in 2014, with most forecasts for this year indicating growth will remain subdued.
The world’s largest rubber producer has seen earnings and output plunge this year, with Thailand’s government stepping in to fund subsidy and buying programmes to support its rubber growers against a weak economic backdrop.
Economic update | Turnaround for Thai economy
30 Sep 2014
Buoyed by a rise in consumer spending, Thailand narrowly avoided a technical recession thanks to a surprise upswing in the second quarter. The new government is hoping this shift, combined with its own plans to increase public spending across key sectors, will help entice investors.
Having learned the lessons of the 1997-98 financial crisis, Asia has since enjoyed a period of steady growth driven by consumption, investment and exports. The traditional model of low-cost manufacturing and exports to advanced markets has gradually been replaced with a more consumer-oriented and value-added approach.