Financial Services

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...

Thailand’s National E-payment Master Plan (NEMP) is a five-pillar approach that aims to transform Thailand into a mostly cashless society through the launch of new digital and online payment options. The strategy, under development since 2014, has made major strides after the government launched the first pillar, known as PromptPay, in early...

Loan growth in Thailand fell in 2016 as slower-than-anticipated infrastructure spending and weak private consumption weighed on the consumer segment, while corporate lending fell as firms increasingly turned to bond markets for more favourable terms.

As the hub of ASEAN, Thailand has good prospects with significant growth potential. A large current account surplus and strong international reserves make the country less susceptible to external shocks, while low inflation and a low unemployment rate indicate relatively strong economic fundamentals. Thailand is in a very competitive position...