Thailand’s new reforms encourage stability and value-added production
Although it fell three places in the World Bank’s “Doing Business 2016” survey, Thailand retained its position within the world’s top 50 economies in terms of ease of doing business, ranking 49th of 189 countries.
Lazada Sets Up Tech Hub in Bangkok to Boost Mobile Commerce
Southeast Asia’s leader in eCommerce, Lazada Group has opened a tech hub in Bangkok, Thailand to drive strategic mobile development initiatives for shoppers and sellers across the region.
First Quarter 2016 Shows Thailand’s tourist arrivals jump 15%
Thailand’s tourist arrivals reached more than 9 million from January through March this year, reports the Ministry of Tourism and Sports, a 15 percent increase compared to Q1 2015.
Thai Condominium Prices show 60 percent increase since 2009
Apichart Chutrakul succeeded in transforming a small family construction business into one of the biggest developers in Thailand. He believes Thai Condominium Prices are still cheap in Thailand, despite a 60% price jump since 2009.
Bank of Thailand revises growth projection down to 3.1%
Slower economic recovery and shrinking exports are the main reasons quoted by the BoT for the lower adjustment, as well as the impact of the drought that could be more severe than expected.
The recovery is expected to strengthen moderately, with real GDP growth projected at 3 percent in 2016 and 3.2 percent in 2017. A slight improvement in confidence and low energy prices foreshadow a pickup in private consumption.
