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Overview

Thailand's manufacturing sector to move further up the value chain
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Economic stability, comparatively well-developed infrastructure and competitive investment incentives have attracted a steady flow of financing to Thailand’s manufacturing sector from both foreign and domestic sources, resulting in one of the strongest manufacturing bases in the ASEAN region and the second-largest economy within the trade block. These investments – made initially in basic…

Overview

Rapid development in ICT leads to intense competition in Thailand
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The Thai telecommunications sector is continuing to develop rapidly. Following the historic auctions of 2015, 4G services are quickly being deployed and subscribers have migrated to the new technology. Content and value-added services are being offered to fill the newly available bandwidth, while the sector is becoming more data-centric. Operators are now testing advanced, next-generation technologies,…

Overview

Thailand works to establish itself as the IT leader of ASEAN
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Thailand is quickly going from being a secondary player in the world of technology to a regional, if not global, leader. The relevant sectors are rapidly beginning to take off with the introduction of 4G and the build-out of fixed-line assets. Greater bandwidth, higher speeds, lower latency as well as increased consumer demand have led to a burst of activity. The country is now arguably the…

Overview

Infrastructure improvements aim to connect Thailand with the rest of Asia
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Thailand’s rise to the forefront of economic development in South-east Asia over the past three decades was first fuelled by its agricultural prowess, which was then followed by its transition into a regional manufacturing powerhouse, before the more recent push to evolve into a knowledge-and service-based economy. Although numerous factors have aided the country’s achievements across disparate…

Overview

Thailand's government seeks to provide greater medical coverage
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Thailand delivers health care effectively, fairly and at a relatively low cost. Its Universal Coverage Scheme (UCS) together with two other national programmes provide good basic benefits to all Thais, and now to most residents of the county. Because of its success Thailand is sometimes regarded as a health care model in the developing world. More broadly, the country has tackled and continues…

Overview

Thailand's education sector struggles to produce positive results
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Selected headline numbers generated by the Thai education sector have been encouraging. The country has a high rate of literacy, an increasing number of top-rated universities, long school-life expectancy, a strong history of education and a large education budget. Globally and regionally, it compares well by these measures. The country also has ambitions to become a major educational centre,…

Overview

Thailand's recent tax changes and regulations
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The major taxes imposed in Thailand are: Corporate income tax: Thai incorporated entities are generally subject to tax on their worldwide income, while foreign incorporated companies are subject to tax on income derived from carrying on business in Thailand or on certain categories of income paid from Thailand. The standard corporate tax rate is 20%. Petroleum income tax: Petroleum, including…

Overview

Thailand to maintain its competitive advantage in tourism
OBG
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Tourism remains one of the primary drivers of economic growth in Thailand. While manufacturing and exports are sluggish and consumer demand weak, visitor numbers were up in 2016 and are expected to hit new records in 2017. After a slight dip in 2014, the upward trend seems to have been re-established. Looking ahead, tourism will remain an important part of the Thai economy and is expected to…
Interview

Prime Minister Prayut Chan-o-cha: Interview
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Interview: Prime Minister Prayut Chan-o-cha What is the government doing to show investors that the country is a politically stable and attractive investment destination? PRIME MINISTER PRAYUT CHAN-O-CHA: The government has worked to maintain peace, order and stability throughout the country, and to bring an organised effort to the national administration, following the steps outlined in the country’s…
Interview

Don Pramudwinai, Minister of Foreign Affairs: Interview
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Interview: Don Pramudwinai How has Thailand transitioned from a net aid recipient to an international aid donor? DON PRAMUDWINAI: Since 2003 the Thailand International Cooperation Agency (TICA) – under the Ministry of Foreign Affairs – has played an active role in the nation’s developmental cooperation efforts. TICA initiatives include fellowship and scholarship programmes, study visits, volunteer…