Thailand is developing its EEC project to attract new foreign direct investment (FDI) inflows for next-generation manufacturing and production as part of the Thailand 4.0 initiative, which emphasises innovation, complex high-tech manufacturing and development of a highly skilled workforce. Investors in the EEC will benefit from an expansive...
The Thai equity market is one of the most developed and liquid capital markets in Asia. In 2016 the Thai stock market had share turnover velocity of 62%, the highest among the ASEAN 5 (Thailand, Singapore, Malaysia, Indonesia and the Philippines) and the second largest in terms of market capitalisation after Singapore at $437bn, or 117% of GDP...
Given its low penetration rates, ageing society and the trend towards increased liberalisation, the Thai insurance sector has significant potential and growth is expected to be steady in the coming years. Thais are becoming more interested in savings and wealth-related products, and over time it is also likely that they will have a better...
Thailand has benefitted from decades of rapid industrial development to become an upper middle-income economy, with GDP growth averaging more than 7% from the 1950s to the 1990s. However, more recent decades have been marked by an ongoing struggle to escape the middle-income trap. Growth sank in 2014 following a military coup, although...
An initiative driven by Thailand to develop closer financial integration and cooperation among the Greater Mekong Subregion countries could bolster Bangkok’s position as a capital markets and banking centre. Thailand’s campaign to strengthen fiscal and economic ties with its near neighbours reached a new level in June 2016, when it hosted a...
As one of the biggest beneficiaries of rising consumption in ASEAN and the Cambodia, Laos, Myanmar, and Vietnam (CLMV) market, Thailand has seen regional trade become an increasingly critical trade growth driver. Although the country was not a signatory to the Trans-Pacific Partnership (TPP) free trade agreement (FTA) – which all but collapsed...
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