Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...
Household consumption in Thailand has been constrained by an ageing population and rising consumer debt, and a string of failed stimulus packages launched in the early 2010s led to a sharp increase in the number of distressed and non-performing loans (NPLs) in the consumer segment, exacerbating already challenging circumstances. However, the...
Macroeconomic recovery in Thailand gained momentum in 2017, with GDP growth hitting a five-year high on the back of positive performance in exports, tourism and financial services, as well as a moderate uptick in private consumption. Although non-performing loans (NPLs) remain a concern for the banking sector, lending growth accelerated in...
Thailand’s domestic hydrocarbons resources are fairly small. According to the June 2018 “BP Statistical Review of World Energy”, at the end of 2017 the country had 300m barrels of proven oil reserves – less than 0.05% of the world’s total – and about 7.1trn cu feet of natural gas, roughly 0.1% of the global total.
Over the years the government has introduced a wide range of plans, programmes and initiatives that outline goals and set targets for the power sector. These plans are continuously being reviewed and amended in response to shifting dynamics in the industry, such as advancements in renewable energy technology and the depletion of domestic...
With roughly 7.1trn cu feet of natural gas at the end of 2017, down from 10.6trn cu feet in 2007, according to the 2018 “BP Statistical Review of World Energy”, Thailand’s reserves of this critical resource are depleting. Thus, the country is working to diversify its power mix with both conventional and alternative sources.
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