The South-east Asian region is one of the fastest growing economically in the world. It is a dynamic and exciting area within the Indo-Pacific, a region which straddles the Indian and Pacific Oceans, and which is home to around half the world’s population, about a third of the world’s GDP, and around a third of the world’s total exports. South...
Trade and investment have witnessed robust growth in Thailand over the past 30 years, as rapid industrial development led manufacturing to overtake agriculture as a primary economic engine. This has had a dramatic impact on exports, with the country rising to become a major regional exporter of electronics, automotive parts and food products....
Late in 2015, for the first time since 2000 Thailand’s investment promotion policies underwent sweeping reforms, with the government launching a seven-year investment promotion strategy which significantly alters existing policies. Under amendments to the Investment Promotion Act, foreign investors in Thailand will benefit from a host of new...
With a long and distinguished history as one of the great powers of South-east Asia, Thailand today finds itself once more in a period of relative calm, under the leadership of the National Council for Peace and Order (NCPO), led by Prayuth Chan-ocha, the prime minister. The NCPO, which has held office since 2014, represents the latest...
Given its location in the centre of ASEAN, which constitutes the immense buying power of more than 600m people, many countries are keeping an eye on Thailand. The country, which is situated in a strategic location for logistics and transport in the ASEAN region, has become a vital industrial centre, and has a manufacturing base with rapid...
The development of the nation must be carried out in stages, starting with the laying of a foundation by ensuring that the majority of the people have their basic necessities met through the use of economic means and equipment in accordance with theoretical principles. Once a reasonably firm foundation has been laid, higher levels of economic...
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