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...
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...
The Kingdom of Thailand, encompassing 513,120 sq km, lies within the Indochinese Peninsula of continental South-east Asia. The country is straddled by the Andaman Sea and the Gulf of Thailand to the west and east respectively, the latter of which is an arm of the South China Sea. Land borders are shared with Myanmar to the west, Laos to the...
ETIQUETTE: The kingdom is a predominantly Buddhist country, with Muslim and Christian minorities. Since the 1960s, the country has been one of the most popular tourist destinations in the world and as a result caters to visitors from different cultures. In business settings it is common to refer to...
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