In many ways Thailand’s banking sector looks much like those of its neighbours: tightly regulated, well capitalised and highly risk-averse. Just as in other countries in the region, including Malaysia and Indonesia, the 1997-98 Asian financial crisis had a formative effect on bankers. Risk management has improved since the crisis, and central...
THE COMPANY: Advanced Info Service (ADVANC) was established in 1989 and is the largest mobile operator in Thailand, with a 46% subscriber market share and more than 97% nationwide coverage. ADVANC has been a publicly listed company on the Stock Exchange of Thailand (SET) since 1991. As of March 2012 the...
The 2011 elections gave the government a strong mandate to regain a proactive international role, stressing commitment to democracy, justice and reconciliation. Following the 2006 military coup d’état, Thai prime ministers were denied meetings with the US president, a historically routine matter for a close US ally in Southeast Asia. The...
Current economic strength has come from exports to the world’s most-developed economies; the result of decades of consistent economic policy on foreign investment. A combination of incentives for foreign manufacturers, low-cost labour and economic zones called industrial estates have attracted globalised firms, along with their suppliers in the...
Though one of the less well known emirates in the UAE, Ras Al Khaimah is quickly developing as a tourism destination. Indeed, tourism has been back on a healthy path since 2010, and industry leaders expect further growth in the coming years. The local economy overall is benefitting from the uptick in visitors as new hotels are being built. Operators...
The tourism sector is growing and changing rapidly. Not only are more tourists travelling to the emirate, tourism infrastructure is also being expanded. The government has recognised the importance and potential of transforming the sector and has recently taken steps to ensure continued and steady growth. In May 2011 the government set up the Ras Al...
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