Pursuing a strategy of differentiation from its regional peers, Thailand’s industrial sector has preferred to target higher value-added industries over bulk unprocessed exports. The country’s relatively well developed infrastructure in terms of power, water, communication, transportation and logistics is well suited for more technical...
Lost in the competitive shuffle of modern manufacturing industries peddling all manner of contemporary wares from hard drives to canned tuna, one of civilisation’s oldest professions continues to thrive in Thailand – the gems and jewellery trade. Thailand has centuries of experience in the industry under its belt and has cultivated an...
How have domestic and global economic conditions impacted the Thai retail sector, and what impact has the recovering tourism industry had?
Thailand’s continued economic success, relatively young and increasingly affluent population, well developed urban infrastructure and its status as a popular tourist destination have all coalesced to make the country a premier market for luxury goods on par with other regional commercial centres such as Hong Kong or Singapore. Yet Thailand,...
How has the domestic slowdown in automotive demand impacted manufacturers, and in what timeframe do you expect recovery?
Solid economic growth averaging roughly 4% annually since 2000 along with the country’s solid industrial and export base has fuelled a steady rise in domestic income across all income levels over the past decade and a half, leading directly to a rise in consumer spending power. Although the sector has been buffered by several shocks in recent...
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