The Thai government is implementing sweeping changes to its labour laws, with the minimum wage to change from a national rate to one dependent on the area, cost of living and localised economy. However, no provincial wages will be set lower than the current national minimum, and Thailand is currently recording some of the fastest wage growth...
Although buoyed by decades of steady expansion, Thailand – South-east Asia’s second-largest economy – saw growth falter in recent years in the wake of political unrest and challenging external conditions. However, falling global oil prices have benefitted the economy, which, combined with stimulus packages, led to a moderate recovery in 2015...
The South-east Asian region is one of the fastest growing economically in the world. It is a dynamic and exciting area within the Indo-Pacific, a region which straddles the Indian and Pacific Oceans, and which is home to around half the world’s population, about a third of the world’s GDP, and around a third of the world’s total exports. South...
Trade and investment have witnessed robust growth in Thailand over the past 30 years, as rapid industrial development led manufacturing to overtake agriculture as a primary economic engine. This has had a dramatic impact on exports, with the country rising to become a major regional exporter of electronics, automotive parts and food products....
Late in 2015, for the first time since 2000 Thailand’s investment promotion policies underwent sweeping reforms, with the government launching a seven-year investment promotion strategy which significantly alters existing policies. Under amendments to the Investment Promotion Act, foreign investors in Thailand will benefit from a host of new...
With a long and distinguished history as one of the great powers of South-east Asia, Thailand today finds itself once more in a period of relative calm, under the leadership of the National Council for Peace and Order (NCPO), led by Prayuth Chan-ocha, the prime minister. The NCPO, which has held office since 2014, represents the latest...
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