Thailand 6th Economy In Asia

Thailand ranks 6 th among the ten most important economies in Asia according to DataLeads China, world’s second-largest economy stands tall with US$ 25.3 trillion and is up by 9% from 2017 followed by India at 10.38 trillion which is up by 9.8% showing growth over the preceding year. Thailand ranks 6 th among the…

Thailand’s Q1 Growth Reaches 4.8 Percent To Five-Year High

Thailand’s statistics agency raised its growth forecast for this year to 4.2 percent to 4.7 percent Thailand’s first quarter growth has expanded by 5 year high of 4.8 percent, according to the country’s economic monitoring agency. Deputy Secretary-General of the National Economic and Social Development Board, Wichayayuth Boonchit revealed that the high growth was attributed…

Thailand’s Economy Remained Strong In Q1 2018

Thailand’s economy has recovered strongly in the first quarter of 2018 supported by healthy growths in the export and tourism sector. Exports in the first three months have jumped up 11.3 percent year on year, representing a seven-year high and it remains a driving force of the economy this year, said Pornpen Sodsrichai, director of…

Thailand Structural Change Is Needed To Create More Quality Jobs

Thailand has made impressive economic and social progress over the past several decades, but must now take further steps to transform its economy and ensure that prosperity is shared more equally across the country, according to a new report from the Organisation for Economic Co-operation and Development. The Initial Assessment of the Multidimensional Review of Thailand highlights…

The Human Rights Obligations Of Thai Companies Investing In ASEAN

Thai companies are increasingly investing in neighboring ASEAN countries. While these investments have resulted in significant profits for both the companies and the host countries, they have also triggered adverse environmental and social issues. Moreover, these outbound investments often occur without implementing the proper mechanisms to ensure compliance with international human rights standards and practices,…

Thailand’s Automotive Industry Overview And Market Analysis

The Thai automobile and auto parts industry accounts for nearly 12 percent of Thailand’s economic growth and employs more than 500,000 people. With shipments bound for more than 100 countries, Thailand is the 13th largest automotive parts exporter and the sixth largest commercial vehicle manufacturer in the world Thailand offers great investment potential as a…

Thailand Could Grow Faster With Better Migration Policies

Thailand can strengthen its migration policies and systems to support sustained, innovation-driven growth, under its Thailand 4.0 strategy, experts concluded at a presentation of the recent World Bank report. Thailand, Malaysia and Singapore combined are home to 6.5 million ASEAN migrants, or 96 percent of all migrants in ASEAN, and Thailand alone accounts for more than…