Accounting for the majority of businesses and a significant source of employment and export earnings, small and medium-sized enterprises (SMEs) play an important role in Thailand’s economic development. The SME segment has struggled in recent years, however, and currently accounts for the largest proportion of non-performing loans (NPLs),...
Will Thailand’s shift towards e-commerce and e-payment systems affect consumer spending?
With plans to boost foreign investment in key industries, the government announced a series of new incentives and support mechanisms in late 2016 and early 2017. These new measures – many of which will be administered through the Board of Investment (BOI), the government’s investment promotion arm – are set to come into force in the first...
To what extent did Thailand exceed expectations in 2016, and what is your outlook for 2017?
Located at the heart of South-east Asia, the Kingdom of Thailand covers a total area of 513,120 sq km, making it the 50th largest nation in the world by area. It is bound geographically by the nations of Cambodia to the east, Laos to the north-east, Malaysia to the south and Myanmar to the west. Major natural boundaries include the Andaman Sea...
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