Thailand Archives - Page 3 of 3

Help for Thailand’s Economy Can Come via Infrastructure Spending

In May 2014, the Thai army, known as the National Council for Peace and Order (NCPO) staged a coup d’état to prevent civil war breaking out after months of political deadlock and administrative paralysis. Since then, the interim constitution has been enacted, the new cabinet has received royal endorsement, and the National Legislative Assembly and the National Reform Council have been established. The NCPO has asked to stay in power for one to two years to restore stability.

Thailand’s Poor Exports Point to Economic Issues

Recently, exports in Thailand fell by their largest amount since the flooding of 2011 paralyzed the economy. Exports, which equal over 60% of the Thai economy, dropped approximately 7.4% from a year earlier in comparison to a forecast of a 3.6% decline. During the summer of this year, shipments dropped around 0.85%, and the recent data has shown that Thailand’s essential exports are not bringing in the growth the area needs. At the same time, consumption remains weak, leaving many economists to wonder how growth will be generated.

Thailand Mulls ‘Tourist Tax’ To Cover Foreigners’ Unpaid Medical Bills

The Thai government may begin charging foreigners up to 500-baht ($16.13) to enter the country starting from January next year, said authorities this week, in the hopes of attracting a better “quality” of holidaymakers and, at the same time, pay for tourists who seek treatment at local hospitals but can’t afford the bill.

Almost 70 Percent Of Thailand’s Cabinet Are Millionaires

Almost two-thirds of the Thai cabinet are millionaires, including the south-east asian nation’s female prime minister, whose assets include seven Hermès handbags.

Thailand’s National Counter Corruption Commission yesterday released figures for 36 ministers’ assets declaration, which are mandatory for all incoming and outcoming cabinet members.

Thailand – Fast Facts

Thailand is a lower middle-income economy comes under the East Asia and the pacific region, as to the classification made by the World Bank on the basis of income and region for the year 2006.

Exports of the country have brought tremendous success for the economy in the recent years. It gets larger exports earnings from the countries such as United States, Japan and Singapore.

Foreign Direct Investment in Thailand

Thailand Economic Stimulus Package

Thailand Economic Forecast

Thailand has a free enterprise economy, one with well-developed facilities and infrastructure. Overall, the country’s policy is pro-investment, making this country one of the top performers in Eastern Asia from 2002 to 2004. While the economy remained stable for many years, from 2005 to 2007 the Gross Domestic Product dropped significantly. The primary reason was an ongoing political crisis that put a temporary hold on major facilities and infrastructure projects, as well as a decline of consumer and investor confidence. With this, Thailand’s reputation began to decline.

Thailand Leaders Seek To Limit Economic Damage of Political Unrest

On Friday, Thailand’s finance minister stood before a meeting of business leaders in Japan, the source of about a third of his country’s foreign investment, and delivered a sober assessment of the convulsions that had racked his beautiful nation.

“Ladies and gentlemen, this is not a ‘Welcome back to the Land of Smiles, let’s go shopping and invest in Thailand’ speech,” said the minister, Korn Chatikavanij.