Publication of the Thailand Board of Investment
Cover Story
News Bites
BOI Net Applications
Thailand Improves IMD Ranking
Industry Focus
Company Spotlight
SCB: Thailand FDI to Increase
Subcon/Intermach 2013: Another Thai Success
Thailand's Remarkable Record of Economic Development
More Industrial Estates to Accommodate Investment Growth
Thailand Economy-At-A-Glance

Celebrating the Start-up of Investment Promotion Services in Mumbai
On 26 June 2013, at the Trident Hotel, Nariman Point, Mumbai, the Minister of Industry and Thailand Board of Investment held the opening ceremony of BOI's first time investment services in India, in cooperation with the Royal Thai Consulate-General Office and the Federation of Indian Chambers of Commerce and Industry (FICCI), 250 invited guests attending.
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Thailand Improves IMD Ranking
IMD released its 25th annual ranking of 60 countries, showing that Thailand has improved to 27th from 30th, and is now third among the ASEAN countries.
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Aerospace
Since the first flight occurred in Thailand back in 1911, the country has built a modern 21st century infrastructure to accommodate the most advanced technology and transportation. Thailand has several international airports servicing the north, central and southern regions, and close to thirty domestic airports. And the opening of Suvarnabhumi International Airport in September 2006 significantly boosted the growth potential of the aerospace industry in the Kingdom. The new airport was built with an initial capacity to service 45 million passengers per year and 76 flights per hour. And although it was built to replace the older Don Mueang airport, it too was subsequently reopened to accommodate the demands of arrivals and departures on domestic flights. Indeed, aviation has thrived in Thailand for decades and will continue to do so into the future, whereas the Thai aerospace sector is a new industrial frontier for the country to develop and to open for investment.
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Triumph Group, Inc.
Thailand is aiming to become the premier center for regional aviation, which will provide a wide range of services for aircraft refueling, catering, repair and maintenance, as well as to become a training center for regional pilots and air crew. Strategically located within Southeast Asia and with strong supporting industries in the aviation sector, the opportunities for growth and improvement are very high.
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SCB: Thailand FDI to Increase
While the flows of foreign direct investment (FDI) have been increasing around the world in the past several years, an average of 12% per year since 2004, Asia remains the major destination. China has been a main attraction for FDI, but according to a recent report entitled New wave of FDI from Japan: implications for Thai economy, issued by the Siam Commercial Bank (SCB) “…ASEAN countries have begun to attract increasing amounts of FDI away from China, due in part to a decline in China's comparative advantage.”
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Subcon/Intermach 2013: Another Thai Success
SubCon Thailand 2013/Intermach records the success that is expected of this annual sourcing event, making this another record year for satisfaction, value and exposure. For over half a decade now, this trade show has secured a reputation as the place to showcase products and services, and for executives from the region and internationally to build relationships that will prove to be mutually beneficial. As the web-site for the show aptly notes “Thailand is now considered one of the world's most positive subcontracting locations and many large multinational corporations count on the Kingdom for low cost, high quality supply sources. An increasing number of foreign investors, especially Japanese, now use the country as their production base and a springboard to ASEAN.”
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Thailand's Remarkable Record of Economic Development
The International Monetary Fund (IMF) has concluded its 2013 Article IV mission to Thailand. Such missions are undertaken as regular consultations with governments, under Article IV of the IMF's Articles of Agreement. They generally pertain to staff reviews of economic development or are made in the context of a request to use IMF Funds.
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More Industrial Estates to Accommodate Investment Growth
The Industrial Estate Authority of Thailand, Ministry of Industry, has announced plans to set up 28 additional industrial estates to accommodate the expanding production base.
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