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…
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…
With roughly 20 million international overnight visitors, Bangkok remains in the top spot this year and is unlikely to be challenged Visitors tend to stay in Bangkok 4.7 nights and spend $173 per day on average, but Dubai attracts more big spenders with a whopping $537 daily treat With roughly 20 million international overnight visitors,…
In Thailand, a testator may disinherit any of their statutory heirs only by an express declaration of their intention to do so. Unlike in other countries in the South East Asia, The Civil and Commercial Code of Thailand does not provide for specific grounds for disinheriting a statutory heir but does provide for grounds from…
In Thailand, where a person died without having executed a will to govern the distribution of his assets, the provisions of the Thai Civil and Commercial Code govern. Under the said law, the whole estate of the deceased person or the decedent will be distributed to his statutory heirs. Intestacy may also be partial, like…
The controversial issue of euthanasia is not only present in Thailand. A lot of countries faces the same issue and considers it as one of its kind. It crosses not only politics but ethics and morality as well. Norms against self determination and laws against practicality. Euthanasia is derived from a Greek word which means…
In 2016, the average occupancy rate rose from the previous year’s 65.1% to 67.8% Occupancy rates and revenue for hotels will tend to grow in line with continuing growth momentum of the markets for both domestic and international tourism, in particular for increases in the number of Chinese tourists coming to Thailand, who currently account…
Automobile manufacturing has long been the pillar industry of the Thai economy In 2017, the output value of automobile manufacturing accounted for more than 10% of Thailand’s GDP. With its superior geographic location and government support, Thailand has become the largest automobile producer in Southeast Asia, and is called the Detroit of Asia. Automobile manufacturing…
Thailand ranks 6 th among the ten most important economies in Asia according to DataLeads China, world’s second-largest economy stands tall with US$ 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 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…