Thailand’s Booming Smart Phone Market to grow 30% in 2011

KResearch expected that Thailand’s smart phone market will grow by 31.7-38.8% in this year with the total market value of 32.789-34.544 billion baht.

Strategy for pushing Thailand to prosperity

Finance Minister Thirachai Phuvanatnaranubala has announced that the government has four major policies to push Thailand towards prosperity in the future.

Political unrest has little impact on tourism

The domestic political unrest dragged the Thai tourism down by less than 0.9% of the Gross Domestic Product (GDP) in May 2011, according to the Bank of Thailand (BoT).

Private sector Shows high Expectations on New Government

The private sector is hoping that the new government will be able to solve cost of living problems and enhance Thailand’s competitiveness by improving infrastructure of the country and facilitating the operation of the private sector.

Bangkok 2nd highest living cost in ASEAN

The capital of Thailand is rated second as the city with the highest living costs in ASEAN, according the 2011 cost of living survey of the Economist Intelligence Unit (EIU) of the Economist Magazine.

New Thai Government to face major challenges

The new government will be facing with three major challenges, including energy prices, minimum wage rise and trade competitiveness enhancement, according to Kasikorn Research Centre (KResearch).

Car sales hit news record, rising 36%

Sales of cars in April 2011 have been concluded at 67,283 units, an increase of 17.8% year-on-year while a total of 305,902 cars are sold in the first four months of this year, rising by 36.6%, a new record high.

Thailand-Cambodia Business challenged by Border conflict

Thai businesses tend to face with fiercer rivalry from competitors trying to seize the market share in Cambodia, which is very attractive to investors due to its cheap land and labor costs, fertile natural resources and improving logistic system. The Thai business opportunities in Cambodia in the long-term inevitably will be harmed if the border conflict persists.