Publication of the Thailand Board of Investment
Cover Story
News Bites
BOI Net Applications
IMF: Global Growth Improving
Thai Economy Headed for Growth
Thailand's Human Capital
Global Gender Gap Report
Industry Focus
Tourism Earnings Benefit Thai Economy
Company Spotlight
Next Generation of Thai Industry
Thailand Economy-At-A-Glance

World Bank Reviews Regional Growth
The East Asia Pacific Economic Update, October 2013 - Rebuilding Policy Buffers, Reinvigorating Growth has been released by the World Bank, offering the projection that the regional economy will grow at 7.1 percent in 2013. Although this is a slight decline from last year's growth rate of 7.5 percent, global growth prospects have improved as a consequence of the promising recovery in these countries.
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IMF: Global Growth Improving
The World Economic Outlook, released in early October by the International Monetary Fund, also confirms that global growth is steadily improving, although accompanied by a change in the growth dynamics. As more advanced economies continue to slowly increase annual growth, emerging markets are seen to remain much above them although below the high levels they have experienced in recent years.
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Thai Economy Headed for Growth
The Fiscal Policy Office (FPO) has announced its economic projections for the Thai economy in 2013, stating that it is expected to grow by not less than an annualized rate of 3.5 percent. The economy could grow by 4.0 percent if the budget disbursement in the first quarter of fiscal year 2014 (October to December 2013) follows the economic plan of measures for the promotion of sustainable economic growth.
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Thailand's Human Capital
"A nation's human capital endowment - the skills and capacities that reside in people and that are put to productive use - can be a more important determinant of long term economic success than virtually any other resource. The Human Capital Report details the findings of a new Index which measures countries on their ability to develop and deploy healthy, educated and able workers through four distinct pillars: Education, Health & Wellness, Workforce & Employment and Enabling Environment." So says the World Economic Forum's Human Capital Report, which ranks Thailand 44th out of 122 countries.
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Global Gender Gap Report
The World Economic Forum has released its eighth edition of The Global Gender Gap Report, which ranks 136 countries "…on their ability to close the gender gap in four key areas: economic participation and opportunity, political empowerment, health and survival, educational attainment, political participation and economic equality."
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Bioplastics Industry
Given the rising demand for more environmental protections and resource conservation by the general population, many companies also are putting together strategies on how best to base the improvement and manufacture of their products upon the concept of greater sustainability. Above all, ever-rising crude oil prices have led the general plastic industry to invest substantially more in the research and development of bioplastics. Indeed, increased demand for bioplastics provides, in turn, for an expansion of production capacities.
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Tourism Earnings Benefit Thai Economy
The first three quarters of 2013, January to September, were a great success for Thai tourism, bringing in 863 million baht in income, according to the Ministry of Tourism and Sports. That amount represents a 23 percent increase over the same period in 2012. Thailand earned 984 billion baht in tourism revenue in 2012 and has set a target to achieve 2.2 trillion baht in tourism revenue by 2015.
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Corbion Purac
A sustainable alternative to traditional plastics, bioplastics are industrial products that are fully or partially bio-based, and/ or biodegradable or compostable. In other words, they are plastics that are made from renewable resources (plants like corn, tapioca, potatoes, sugar and algae), and they will break down faster than traditional plastics, which are typically made from petroleum, and other fossil resources such as natural gas. Also, bioplastics support the earth by offering a reduced carbon footprint thereby protecting our global environment. Bioplastic is a non-toxic alternative to traditional plastic.
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Next Generation of Thai Industry
On 3 October 2013 the Office of Industrial Economics, under the Ministry of Industry, hosted the OIE Forum. The forum was presided over by the former Ministry of Industry and Deputy Prime Minister Suwat Liptapanlop, who also shared his views on trends of future Thai industry. Industry Minister Prasert Boonchaisuk delivered the special keynote address entitled "Next Generation of Thai Industry", accompanied by other distinguished speakers. Speaking about the upcoming AEC and global change factors, Minister Prasert presented strategies to drive Thai industry into the future while pushing attempts to support Thai SMEs and other established industries to catch up with global industrial and economic trends. Major changes, such as globalization, trade liberalization, climate change and geographic change will affect Thailand's future economy, as well as its social and environment direction.
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