BOI Pushes “Thailand Investment Year” To Accelerate Economic Shift For 2019, BOI has set investment application target at 750,000 million baht To promote the new package and share with investors Thailand’s updated investment policy and incentives, BOI sets “Thailand Investment Year – What’s New?” as the theme of its annual seminar scheduled for 4 March…
Thailand’s Investment Outlook For 2019 Any political instability due to the upcoming elections could pose a risk to Thailand’s economic expansion. Although the country’s growth rate is among the lowest in ASEAN, Thailand serves as a gateway to one of the world’s most dynamic markets. In the 2019 World Bank Group report, Thailand garnered a…
Thai Consumer Confidence Index Improving For The First Time In 5 Months Public confidence in the expansion of the Thai economy improves after a clear election date has been set fourth Public confidence in the expansion of the Thai economy continues to improve after a clear election date has been set fourth and a comeback…
Scaling Up In Asia Pacific’s Logistics Sector Industrial transaction volumes in the first three quarters of 2018 (~USD 19.2 billion) are 29% higher than in the same 2017 period Platform and entity level deals, capital partnering and joint ventures, and portfolio transactions are becoming increasingly common in Asia Pacific’s logistics sector. The reasons why are…
The Board of Investment of Thailand (BOI) has laid out strategies to boost the development of rail services and the country’s cruise tourism. Duangjai Asawachintachit, BOI secretary general, says the latest BOI meeting chaired by the Prime Minister had resolved to instigate measures to attract investment in rail development and related infrastructure for continued economic…
After a strong start to the year, which saw the economy expand by 4.9% and 4.6% year-on-year (y-o-y) in the first and second quarters, respectively, growth moderated to 3.3% in the third quarter, according to November figures from the National Economic and Social Development Board (NESDB). Seasonally adjusted, the third quarter showed no increase from…
The Asian Development Bank (ADB) has slashed its economic growth forecasts for Thailand to 4.3% this year and 4.1% next year as the global economy sputters. The growth forecast for 2018 was trimmed from 4.5% predicted in September to 4.3% after the third quarter expansion slowed to 3.3% from 4.6% in the second quarter, according…
The Deputy Prime Minister for Economic Affairs has revealed that Thailand’s GDP growth this year is likely to end above four percent and that over 2 trillion baht is to be invested by the state in mega projects next year. Speaking at Thailand’s Economic Outlook 2019, Deputy Prime Minister Somkid Jatusripitak pointed out that if 3.3…
THE SHOPPING tax allowance to be announced next week by the government will satisfy the middle class, but will do little to boost the overall economy, a prominent economist said Wednesday. Anusorn Tamajai, dean of Rangsit University’s Economics Faculty, said the year-end shopping scheme is just a marketing strategy to please middle-class consumers. “It is…
Huawei Technologies Thailand makes the first move to invest and offer public cloud services in Thailand. The company’s cloud-based data centre is located in Amata Nakorn City in the Eastern Economic Corridor Indorama Ventures Pcl expects to close three deals worth around $1 billion by this year end. Meanwhile, Huawei Technologies Thailand makes the first…