The country is an assembly hub for international car brands. The New York Times has built on its years of excellence in the newspaper industry to make a commitment to producing innovative, interactive multimedia content relevant to a global audience.
It has been under military rule since Crude oil, machinery and parts, and alloy steel and steel products are the top import products.
Thailand has a diversified industrial base and is known for manufacturing electronics, steel and automotive around the world. It is now a global digital publishing powerhouse, the first news organization in the world to reach over 1 million paying subscribers and receives 92 million unique monthly visitors to its website.
Most of the incentives are the same as existing BOI incentives, except that the new Act also offers an exemption from corporate income tax for up to 15 years and subsidy to a promoted project.
These six target industries include agriculture and agro-industry, alternative energy, automotive, electronics, and information business report asia thailand news technology ICTfashion, and value-added services including entertainment, healthcare, and tourism.
The report will be promoted globally to the audience of The International New York Times through a sponsored campaign using geo-targeting and behavioural targeting to reach an influential audience capable of taking significant investment decisions in Asia.
Some of its major exports include computer hardware, motor vehicles and auto parts, jewelry and electrical circuits. The law restricts foreign-majority participation in certain businesses; however, this restriction does not apply to most manufacturing ventures.
Is your business ready for the challenges of tomorrow? The country is among the top 10 travel destinations in the world. Vasundhara Rastogi Thailand is a fairly developed economy with an upper-middle-income status.
Despite a decade of political instability and economic shocks, the economy grew at a rate of 3. The country is one of the leading producers and exporters of rice and also has rubber, sugar, corn, jute, cotton, and tobacco as major crops.
Investment climate Though a moderately-growing economy, Thailand offers abundant resources and a skilled and cost-effective workforce for foreign investors.
The Roadmap The Asian Business Report team will be working in the emerging markets of the region over a period of nine months and will interview over CEOs, government ministers, and university vice-chancellors creating an in-depth study of investor sentiment regarding the future of Asian business.
For instance, the exemption of import duties which was previously limited to materials used for manufacture for re-exportation has now been revised to include materials imported for use domestically in research and development activities and related testing.
In terms of investment, the newly approved bill on the development of the EEC is expected to generate a new wave of FDI in the country. The report moved Thailand up to rank 26 from rank 46 inbringing the country among the top three investment destinations in ASEAN.
Aside from the positive investment outlook, Thailand also boasts of strong economic fundamentals — steady inflation and interest rates, low unemployment, and reasonable public and external debt level. With the recovery in exports, continued robust growth in tourism, and higher public and private investments, there should be a significant upside for the Thai economy, this year.
Sector-wise, the industry and service sectors account for about 90 percent of GDP. Since its implementation, the Act has opened several new business sectors to foreign investment, and increased maximum ownership stakes permitted in some sectors above the standard 49 percent limitation.
The agricultural sector, comprising mostly of small-scale farms, contributes less than 10 percent of GDP but employs about one-third of the labor force. Fishing is also an important economic activity with farmed shrimp being a major export item.
Inthe economy grew at the fastest pace in more than four years at 3. The Foreign Business Act of is the chief law that governs most investment activities by foreign nationals. Behavioural Targeting Behavioural targeting ensures that content is served to those readers with an interest in receiving that content, and to users that fit within the correct demographic.
The service sector, including tourism and financial services, employs nearly 38 percent of the active population. The new Act will speed up development of infrastructure projects in the corridor and ease regulations for investment in the area, including permitting foreign ownership of land for specific investments, which is otherwise banned in Thailand.Business news & Financial news from mint-body.com Asia; Sectors; Market Indices.
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Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News. The Asian Business Report production team has produced previous publications regarding investment, R&D, and education in Asia and Africa, in addition to multimedia productions on the companies forging the emerging market economies of tomorrow.
Thailand's most updated English news website, thai news, thailand news, Bangkok thailand, aec,newspaper english, breaking news: The Nation Contact Advertise ThaiVisa The Wall Street Journal Asia. Get the latest Asian news from BBC News in Asia: breaking news, features, analysis and special reports plus audio and video from across the Asian continent.
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