With falling demand, Southeast Asian companies which previously leveraged up to cater to China’s heyday of double digit growth now found themselves in overcapacity, with some on the brink of default and distress.
Dr Prasert Prasartthong-osot, the proprietor of the Bangkok Hospital chain, was voted the richest stock investor for 2016 with the value of his stocks worth 67 billion baht
Thailand is a stand out emerging market this year, despite the prolonged political uncertainty. It's attracted $13B in foreign investment, second only to South Korea in emerging Asia economies, according to a news report by Bloomberg.
While efforts to stabilise the Thai economy are beginning to yield results, challenges, such as lower external demand and political uncertainty, remain a concern.
The Stock Exchange of Thailand (SET), together with Phatra Securities pcl and Bank of America Merrill Lynch, will hold "Thailand Focus 2016" during August 31- September 2
Companies in Thailand and Japan are both eager to grow outside their home markets, which have witnessed low growth and have mature markets, in contrast to Vietnam’s soaring rate.
The Board of Investment of Thailand (BOI) has expanded its 2016 investment value target to 550,000 million baht ($ 16 Bln), an increase of about 20% from the previous target of 450,000 million baht.
According to an estimate of CBRE China accounted for almost 60% of Asian Outbound Investment in H1 2016, or $16.1 Bln, mostly in the US and hospitality business.