There are around 6,000 Japanese companies that invest in Thailand, while the total value of Thai goods exported to Japan last year was recorded at 25 billion U.S. dollars, with at least 10% growth expected this year.
Thailand’s Growth disappoints despite boost from reopening
A breakdown of GDP showed that growth was uneven. Encouragingly, the recovery in household spending gained further traction, rising 6.9% y/y (1.7% q/q) following a more substantive easing in domestic and border restrictions.
Asia-Pacific: Companies face rising credit risks despite shorter payment delays
Coface’s 2022 Asia Corporate Payment Survey, conducted between November 2021 and February 2022, provides insights into the evolution of payment behaviour and credit management practices of about 2,800 companies across the Asia Pacific region during another pandemic year.
Thailand to post GDP growth of 3.2% in 2022 and 4.5% in 2023 (Fitch)
Thailand’s economic recovery is strengthening, although rising inflationary pressures and slower global growth pose risks to the near-term rebound, according to Fitch Ratings’ analysts at its 2022 Thailand Sovereign and Bank Outlook Webinar.
Thailand’s Fastest-Growing Industries as the Nation Makes a Comeback
Tourism is being enabled greatly by foreign tourists being given a quarantine waiver, with an anticipated 5.5 million people set to visit the country this year. It’s an increase on the initial forecast, but still short of 2019’s 40 million foreign tourists.
Thailand’s durian producers chase sweet smell of success
While durian’s flavor and creamy texture has made it very popular throughout Southeast Asia and China, its strong odor also has gained it many detractors, and many hotels in Thailand ban durians because of its notorious smell.