Publication of the Thailand Board of Investment
Cover Story
News Bites
BOI Net Applications
Industry Focus
The Automotive Summit
The 2015 IMD World Competitiveness Scorecard
Business Strategy in the Era of ASEAN Economic Community
Company Interview
Global Prime Office Occupancy Costs
BOI's Missions and Events
Thailand Economy-At-A-Glance

Thailand Realigns for the Future with IHQ/ITC/SEZ
In recent years investors have noticed an increase in wage labor in Thailand and the shift of government policies towards attracting more modern industries; industries that are both environmentally sustainable and which support the drive to become an upper income country. While certain businesses, such as in the garment industry, have found neighboring countries to be more competitive and have opted to relocate labor intensive manufacturing facilities, it is true that Thailand still offers them an ideal location for investment in International Headquarters (IHQ) and International Trade Centers (ITC).
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Thai Market is Large and Growing Fast
According to the World Health Organization, the global pharmaceuticals market is worth US$300 billion a year, a figure expected to rise to US$400 billion within three years. The 10 largest drugs companies control over one-third of this market, several with sales of more than US$10 billion a year and profit margins of about 30%. Six are based in the United States and four in Europe.
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The Automotive Summit
The Automotive Summit is a major event for the automotive industry in ASEAN by delivering knowledge on testing technology and automotive and auto parts testing standards after the inauguration of the ASEAN Economic Community (AEC). Many leading auto parts manufacturers, operators, and engineers from around the world attended this event to exchange ideas and to network with government officials, company executives, business leaders, and automakers. Furthermore, insights were provided on the performance of the ASEAN Consultative Committee for Standards and Quality (ACCSQ) and on progress made on the ASEAN Mutual Recognition Arrangement on Type Approval for Automotive Products (ASEAN AP MRA).
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The 2015 IMD World Competitiveness Scorecard
The 2015 IMD World Competitiveness Scorecard has been released with Thailand ranking 30th, of 61 economies covered. The most competitive this year is the United States and the least is reported to be Venezuela. Among the ASEAN countries included in the ranking, Thailand places 3rd, and ahead of several industrialized countries within the European Union. Thailand is reported to have improved in government efficiency, business efficiency and infrastructure.
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Business Strategy in the Era of ASEAN Economic Community
On July 6, 2015, Nikkei Inc. and Thailand Board of Investment jointly hosted the Bangkok Nikkei Forum 2015: "Business Strategy in the era of ASEAN Economic Community Thailand, major manufacturing hub for Japan". Prime Minister Prayut Chan-o-cha presided over the forum and mentioned that the ASEAN Economic Community (AEC) will lead to cooperation in various aspects. Business opportunities will widen and the Thai cabinet has given priority to strengthening the nation's infrastructure, regulations and systems to support and facilitate business operations. Also, the government will proceed with the digital economy and promote Thailand to be an International Business Center to enhance the competitive capacity and strengthen the country.
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Greater Pharma
Established in 1967, Greater Pharma manufactures quality pharmaceutical products and makes available affordable medicine to Thai consumers. Since then, it has evolved into one of Thailand's premier pharmaceutical manufacturers with capabilities in drug research and development. The company is GMP compliant and also has been awarded ISO 9001 and ISO/IEC 17025 certification. It currently manufactures mostly generic pharmaceutical products and is moving into increasingly complex manufacturing processes.
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Global Prime Office Occupancy Costs
CBRE has issued its report on the Global Prime Office Occupancy Costs, listing the top three most expensive locations being in London, Hong Kong and Beijing, in that order. In Asia, 12 of 31 locations listed in the report had an increase in costs of more than 1 percent.
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BOI's Missions and Events
H.E. M.R. Pridiyathorn Devakula, Deputy Prime Minister of the Kingdom of Thailand and Mr. Gregory So, Secretary for Commerce and Economic Development of the Hong Kong Special Administrative Region, witnessed an MOU signing between BOI and Invest Hong Kong at the roadshow trip to Hong Kong during which BOI organized signing ceremony and a seminar on "Thailand: A Regional Trading and Modern Industry Hub", 25 June 2015 at Shangri-la hotel.
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