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Household consumption picks up in Thailand following a period of stagnation
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Household consumption in Thailand has been constrained by an ageing population and rising consumer debt, and a string of failed stimulus packages launched in the early 2010s led to a sharp increase in the number of distressed and non-performing loans (NPLs) in the consumer segment, exacerbating already challenging circumstances. However, the tide is beginning to turn. The Bank of Thailand (BOT) has…

Overview

Helpful tips for travellers visiting Thailand
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Language Thai is the official language and it comprises five different tones, which can be difficult to distinguish for non-native speakers. English is widely understood in most business and tourist centres, particularly Bangkok, Chiang Mai, Pattaya, Hua Hin, Koh Samui and Phuket. Road signs are often written in both Thai and English. Religion Thailand is a predominantly Buddhist country,…

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Directory of useful organisations in Thailand
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Government Ministries Office of the Prime Minister +66 (0)2 283 4000 Ministry of Agriculture & Cooperatives +66 (0)2 281 5955 Ministry of Commerce +66 (0)2 507 7000 Ministry of Culture +66 (0)2 422 8941 Ministry of Defence +66 (0)2 225 0098 Ministry of Digital Economy & Society +66 (0)2 141 6747 Ministry of Education +66 (0)2 281 9809 Ministry of Energy +66 (0)2 140 6000 Ministry of Finance +66…

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Hotel listings in Thailand
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SHANGRI-LA HOTEL 89 Soi Wat Suan Plu, New Road, Bangrak, Bangkok, 10500, Thailand T: +66 (0)2 236 7777 F: +66 (0)2 236 8579 slbk@shangri-la.com www.shangri-la.com/bangkok Rooms: 802 rooms and suites in two adjacent towers with river or city views. Executive, premier, speciality and presidential suites available. Business & Conference Facilities:…

Overview

Thailand's Board of Investment seeks to help the country capitalise on foreign business activity
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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 countries, including the ASEAN Comprehensive Investment…

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Thai authorities seek to secure the country's position as a leading medical centre
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Thailand has been reaping the benefits of an expanding global health care industry, as its large number of internationally accredited hospitals and qualified practitioners continue to attract clientele from both developing and developed countries. At the same time, the universal coverage framework has succeeded in providing health care to nearly the entire population. All this has been achieved…

Overview

Liberalisation and e-learning provide opportunities for foreign investment in Thailand's education system
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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 care. As such, the nation performs relatively well across…

Overview

Large-scale transport and infrastructure projects boost construction activity in Thailand
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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-speed rail track was laid, and plans for the transformational…

Overview

Real estate supply increases in line with rising demand in Thailand
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The real estate market in Thailand is becoming one of selective opportunity. In the residential segment, international investors are still active in the high-end market and healthy uptake is evident in the mid range. However, the affordable-housing segment is suffering as domestic buyers continue to be weighed down by high levels of debt. On the commercial side, high occupancy rates in existing…

Overview

Coordinated government projects under way to expand Thailand's transport network
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After a few challenging years that saw air safety rating downgrades and delays in major infrastructure projects, Thailand’s transport sector is beginning to regain momentum and the national transportation infrastructure is just now catching up with the remarkable growth in traveller numbers. Significant progress is being achieved with the construction of rail and road networks, and issues…