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Thailand’s remarkably resilient tourism industry showed itself to be largely unaffected by the country’s devastating floods last year, giving a strong performance that produced year-on-year increases in both arrival numbers and revenue.
The Thai government is looking to tap the bond market to make up its budgetary shortfall for this year and launch more debt offers to fund its ambitious infrastructure programme.
A new investment stream is set to pour into Thailand’s property sector with the upcoming release of real estate investment trusts (REITs), bringing the country into line with many of its regional neighbours
Thai consumers are beginning to feel the effects of the government’s decision to liberalise compressed natural gas (CNG) prices with the aim of bringing retail costs in line with the global market and potentially freeing up government funds for use in other sectors.
In subtropical South-east Asian climates, where air conditioning accounts for about 50% of a building’s energy use and up to 30% of operating costs, energy efficiency requires keeping cold air inside and hot air out. Some sector participants estimate that improvements to the “building envelope” – insulation materials to prevent cold air from escaping, glazed windows to reduce heat entry, efficient chillers and a temperature control system – can reduce the energy required to cool a building by 50-80%.
The agriculture sector accounted for more than 11% of GDP in 2009, the last year for which statistics were available. Thailand is a major exporter of a number of food products; it was the world’s top exporter of rice in 2009 and was set to reach a record sugar yield in 2010-11, with production predicted to climb as high as 9.47m tonnes between November 2010 and November 2011.
The telecommunications industry in Thailand is set for a busy year, with new 3G licences expected to be auctioned during the third quarter of 2012
The latest data on Thailand’s consumer confidence shows that Thais are beginning to look more positively on the future, as the government moves to boost growth and restore the country’s infrastructure after last year’s devastating flooding.