What challenges do ASEAN countries face before inaugurating the Economic Community in 2015?
Asia Economy
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Interviews & Viewpoints | OBG talks to Le Luong Minh, Secretary-General, ASEAN from The Report: Thailand 2014
Interviews & Viewpoints | His Majesty Bhumibol Adulyadej, King of Thailand, on his long-term vision for the country’s water resource management from The Report: Thailand 2014
Thailand has all the necessary resources that we can utilise to contribute to the prosperity and security of our country. The key issue is to know how to use those resources properly and wisely; that is, excessive use should be limited as much as possible. Only usage that is guided with care and prudence, as well as based on understanding...
Despite the political and social challenges that marked late 2013, Thailand’s economy has remained stable and is poised for further growth in the coming years. However, concerted action by the public and private sectors will be needed for the country to avoid the middle-income trap of stagnating productivity and to maintain its stance as a top Asian economy.
This chapter contains useful facts for visitors, including tips for etiquette, acquiring visas, and local business culture. It also provides a suggested list of hotels, contact information for embassies, hospitals and other important institutions, and contains a feature piece exploring the national cuisine of Thailand and its myriad influences.
Pressure is mounting on Malaysia’s central bank to tighten loan restrictions after its annual report showed household debt levels inching towards 87% of GDP at the end of 2013. With the highest household debt levels in Asia, demand for credit is driven primarily by the desire to buy properties and vehicles.
Chapter | Trade & Investment from The Report: Thailand 2014
Thailand is the second-largest recipient of foreign direct investment (FDI) in South-east Asia after Indonesia, with exports accounting for 62.3% of GDP in 2012, or 75% including goods and services. Japan has cemented its position as the largest source of FDI: its share of investment reached 44% in the first three quarters of 2013, up from the 30-40% annual range in the decade to 2012. Trade in...