Although the construction industry contracted somewhat in 2017 following a strong performance the previous two years, the prospects for the sector remain broadly positive. Work progressed on many fronts, despite a few projects not launching as planned. Commuter rail initiatives advanced, double tracking works on intercity lines began, high-...
In recent decades, the pharmaceutical market has expanded its geographic reach. This trend appears to be here to stay; in a survey of major pharmaceutical firms conducted by global consulting firm PwC’s Strategy& team, more than half of respondents anticipated that over 30% of their global sales would originate in emerging markets by 2018...
Although priorities vary when it comes to economic development, the increasing need for skilled labour is both a cause of and a requirement for accelerated growth across markets. This demand for technical specialists is often most concentrated in the sectors that are vital to economic advancement, including infrastructure, oil and gas...
Building on decades of stability and rising prosperity, Thailand has made substantial gains in the development of its human capital. Guided by the sufficiency economy philosophy, devised by the late King Bhumibol Adulyadej, the country has established an effective welfare state focused on expanding and improving access to education and health...
A changing economic landscape is the driving force for reform in Thailand’s higher education system, with the Thailand 4.0 economic strategy prompting universities to adapt curricula to meet government policy and industrial demand. Highlighting the current mismatch between skills and industry demands, Chen Namchaisiri, chairman of the...
The Thai government has long believed in an open, laissez-faire economy that welcomes foreign investment. Various tax and non-tax incentives are granted to attract foreign investment through government agencies – such as the BOI and the Industrial Estate Authority of Thailand (IEAT) – and bilateral agreements that bind Thailand to other...
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