Publication of the Thailand Board of Investment
Cover Story
News Bites
BOI Net Applications
Thai-Chile FTA
Industry Focus
Thailand: Strong Business Optimism
Thailand: A Regional Leader in Corporate Governance
ADB Foresees Continued Growth in Asia
German-Thai Chamber of Commerce
Company Spotlight
Thailand Economy-At-A-Glance

World Bank Projection Stronger Economic Growth in East Asia and Pacific Region
The World Bank East Asia and Pacific Economic Update, April 2013, released under the title “A Fine Balance”, reports that the region continues to be the engine of global growth with 7.5 percent growth last year, with projections of 7.8 percent in 2013 and 7.6 percent in 2014. Middle income countries in the region, which includes Thailand, outperformed last year, with stronger than expected growth, and ASEAN countries increased from 4.5 percent growth in 2011 to 5.4 percent in 2012.
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Thai-Chile FTA
The Thai Parliament has endorsed the Thai-Chile Free Trade Agreement (TCFTA) which is expected to come into force later this year. Chile is Thailand's third-largest trading partner in South America, following Brazil and Argentina.
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Software Industry
Thailand's software industry continues to experience strong growth, due to sound government policies, and increasingly high-tech infrastructure and improving workforce skills. Thailand offers many benefits for firms engaged in software development and the production of digital content including animation and games. Most notably, Thailand offers investors a competitive salary range, an educated workforce, a central location in Southeast Asia, and a domestic market with high growth potential.
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Thailand: Strong Business Optimism
Grant Thornton has released its International Business Report (IBR) indicating business optimism has increased from 35% to 48% over the first three months of the year. The IBR is a quarterly survey of more than 3,000 businesses located in 44 countries.
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Thailand: A Regional Leader in Corporate Governance
The World Bank has confirmed Thailand is “a regional leader in corporate governance with a relatively comprehensive framework and has achieved high levels of compliance in a number of key areas.” In its Report on the Observance of Standards and Codes, which was released in April 2013, Thailand had received a score of 82.83 points from a possible total of 100, with the highest score in disclosure and transparency.
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ADB Foresees Continued Growth in Asia
According to the Asian Development Bank, most of developing Asia will likely see their economies improve on increased domestic demand and a modest recovery in export growth; overall GDP is forecast to rise 6.6% in 2013 from 6.0% last year. Furthermore, given the evolving global economic landscape, policymakers in Asia's emerging markets should not let short term adjustments interfere with the longer-term goal of more balanced, sustainable, inclusive, and integrated national economies. In addition, as advanced economies are readjusting, Asia continues to deepen initiatives and explore new ways to enhance regional cooperation, collaboration and coordination. Thailand is at the forefront of this economic transformation.
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German-Thai Chamber of Commerce
On the 27th of March 2013 the German-Thai Chamber of Commerce hosted Prime Minister Yingluck at a hotel in central Bangkok. The event was marked by a speech delivered by Ms. Yingluck entitled “Foreign Investment in Thailand and the Kingdom's Strategy towards ASEAN Liberalization in 2015”. An audience of more than 420 people, including ambassadors, Thai and international company executives, and journalists attended this Joint Chambers Luncheon.
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Caterpillar Inc.
Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. This multi-national corporation was created as a result of the 1925 merger of US firms Holt Manufacturing Company and C. L. Best Tractor Company, becoming the Caterpillar Tractor Company. With 2012 sales and revenues of $65.875 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company is also ranked number 42 overall in the 2013 Fortune 500. With a global dealership network in more than 180 countries, the company is able to provide more than 300 products to its customers around the world. There are more than 125,000 employees executing Caterpillar's vision and business strategy.
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