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The Thai government hopes a move to spark a shopping spree by offering tax breaks and cash handouts at the end of the year will improve economic stimulus in the fourth quarter. The cabinet approved a tax break for shopping spending or spending on services during the festive season between December 14-31. Bank of Thailand […]
Author: Pharadon Heemmuden Highlight The market outlook for rubberwood exports is bright thanks to an increasing supply, as well as demand, especially from China, where the furniture industry is growing. Thai rubberwood is competitive in the global market due to its price and quality. EIC sees increased potential for the local production of rubberwood furniture […]
Thailand saw moderate activity last year, with subdued private investment and manufacturing virtually stagnating for the second consecutive year. Moreover, the death of King Bhumibol Adulyadej in October cast a cloud on consumer sentiment, especially due to an official year-long mourning period. However, there is a silver lining as recent indicators suggest a slight uptick […]
Thailand has come a long way in recent years, perhaps a lot further than what many people might imagine. The economy has seen steady growth over the last 25 years with this expected to continue at between 2.9% and 3.3% between 2016 and 2018 according to The World Bank. This growth is certainly significant when […]
London’s financial services industry is already planning to move business overseas due to the uncertainty of the Brexitprocess, the head of the British Bankers’ Association has warned. Anthony Browne blamed fears that European Union (EU) politicians will want to erect trade barriers in an attempt to weaken the City of London during the Brexit negotiations […]
Britain’s biggest banks are preparing to relocate out of the UK in the first few months of 2017 amid growing fears over the impending Brexit negotiations, while smaller banks are making plans to get out before Christmas. The dramatic claim is made in the Observer by the chief executive of the British Bankers’ Association, Anthony […]
As internet penetration rates continue to rise in Southeast Asia, ASEAN grows more interconnected by the day. Home to over 663 million inhabitants, the region is projected by many to be among the world’s most promising markets for a variety of internet based services. Chief among these are services involved in what has been coined the “sharing […]
The total FDI into ASEAN countries in 2014 hit $136.2 billion, and Vietnam was the best performer among emerging territories in receiving inbound investment, according to the United Nations Conference on Trade and Development. Companies in Thailand and Japan are both eager to grow outside their home markets, which have witnessed low growth and have […]
The Board of Investment of Thailand (BOI) has expanded its 2016 investment value target to 550,000 million baht ($ 16 Bln), an increase of about 20% from the previous target of 450,000 million baht Improved political and economic situation enhance investment climate and investors’ confidence and New opportunities explored in overseas markets while actual investment activities […]
China’s middle class is now the biggest in the world, and growing much faster than America’s, according to research by Credit Suisse. There are 109 million Chinese with wealth of between $50,000 and $500,000. Since 2000, twice as many Chinese as Americans have joined the middle class. Credit Suisse measured wealth rather than income to […]