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Riding high: Condominium market thrives on mass transit routes
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Several factors have converged to create a high demand for condominiums in Bangkok that remains strong despite Thailand’s periodic habit of threatening its own economy through political unrest. It has become a rule of thumb that, wherever the mass transit lines are expanding, condominium developers are alongside the new routes. Avoiding Bangkok’s notorious traffic jams has become a key issue in…

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The middle step: An economy heavy on manufacturing undergoes a gradual transition
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On the economic road from farms to factories to services, Thailand has come a long way. Through a combination of low costs, sound policy, a good work ethic and a relative lack of labour activism, the country has managed to make the transition from an economy based on agriculture and commodities to become one of the most industry-oriented nations in the world. Manufacturing makes up 34% of the economy…

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Social inclusion: Universal health coverage has brought nearly everyone into the system
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The biggest lunge forward for Thailand’s health care system in recent years has been to put in place a form of universal health care. Not only has this brought many benefits to ordinary Thais, it has drawn many into the health care system who were unable to afford it hitherto. The public system has at the same time been working in tandem with private care, whose high-quality services have made the…

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Rising to the challenge: A range of initiatives have been implemented to help boost the country’s generating capacity
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For many years Thailand has focused on increasing energy generation so that it could power its industrial growth and meet the energy needs of an increasingly prosperous society. Achieving this objective was a requirement in terms of sustaining economic growth and, so far, the country’s energy production has succeeded at keeping pace. Thailand has not only managed to power its fast-growing industrial…

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Stair-steps: Major reforms are needed to improve performance and competitiveness
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After years of rapid economic expansion and population growth, Thailand’s education system is facing strong challenges in areas such as quality and enrolment, the rural-urban divide, links between business and academia, and policy continuity. Recognising the scale of these challenges, the education minister, Chaturon Chaisaeng, commented in September 2013 that Thailand would need reforms to “push…

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Rapid transformation: The sector is swiftly moving on with new technologies
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The telecommunications market in Thailand is one of the more complicated in the world. Because of its history and the way it evolved with changing technologies – and changing politics – a regulatory bottleneck formed that held back development and kept the market from advancing as fast as its regional competitors. However, despite complications in terms of spectrum and concerns about the competitiveness…

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A major player: As production continues to grow, challenges remain
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Showing steady and continuous growth in output and value added since the early 1960s, Thailand’s agriculture and plantations sector has been a major contributor to national income and the fight against rural poverty. With its products renowned throughout the world, particularly its rice, Thailand has also been an important international granary at times of global food need. Today, however, the sector…

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Change is in the air: A more diverse and competitive market offers plenty of opportunities
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These are exciting times for Thailand’s media sector, as a long-awaited switch to digital TV and expansion of the numbers of TV channels is taking place, bringing with it greater openness and competition within the nation’s leading media platform. Meanwhile, Thailand continues to develop its production side, with demand for content likely to surge as the new channels come on air, drawing on the…

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Laying the groundwork: A wide range of incentives exists for qualifying investment projects
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There are eight major taxes imposed in Thailand: Corporate income tax: incorporated entities are generally subject to tax on their worldwide income while foreign incorporated companies are subject to tax on income derived from business in Thailand or on certain categories of income paid from Thailand; Petroleum income tax: taxes on petroleum and natural gas operations; Personal income tax: individuals…

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Facts for visitors: Helpful tips for travellers visiting Thailand
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Etiquette The kingdom of Thailand is a predominantly Buddhist country, with Muslim and Christian minorities. Since the 1960s, the country has been one of the most popular tourist destinations in the world and as a result caters to visitors from different cultures. In business settings it is common to refer to individuals by their first name preceded by the title “Khun”. Language Thai is the…