ADB Cuts Thai Growth Outlook To 4.3%

ADB Cuts Thai Growth Outlook To 4.3%

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…

Thailand Sees Strong Year End Economic Growth

Thailand Sees Strong Year End Economic Growth

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…

Southeast Asia Internet Economy To Be Worth $240bn By 2025

Southeast Asia Internet Economy To Be Worth $240bn By 2025

The 2016 and 2017 Google-Temasek reports foresaw a $200 billion internet economy in the region by 2025 But this year, the same researcher sees such drastic market acceleration that it now expects that number to be closer to $240 billion Southeast Asia’s internet economy, including e-commerce, online travel and online media, will be worth $240 billion by 2025, according…

Inheritance in Thailand

In Thailand, a testator may disinherit any of their statutory heirs only by an express declaration of their intention to do so. Unlike in other countries in the South East Asia, The Civil and Commercial Code of Thailand does not provide for specific grounds for disinheriting a statutory heir but does provide for grounds from…

Intestate Succession in Thailand

In Thailand, where a person died without having executed a will to govern the distribution of his assets, the provisions of the Thai Civil and Commercial Code govern. Under the said law, the whole estate of the deceased person or the decedent will be distributed to his statutory heirs. Intestacy may also be partial, like…

Euthanasia in Thailand

The controversial issue of euthanasia is not only present in Thailand. A lot of countries faces the same issue and considers it as one of its kind. It crosses not only politics but ethics and morality as well. Norms against self determination and laws against practicality. Euthanasia is derived from a Greek word which means…

Thailand Automobile Manufacturing Industry Report

Automobile manufacturing has long been the pillar industry of the Thai economy In 2017, the output value of automobile manufacturing accounted for more than 10% of Thailand’s GDP. With its superior geographic location and government support, Thailand has become the largest automobile producer in Southeast Asia, and is called the Detroit of Asia. Automobile manufacturing…