The resilience Thailand’s economy has shown following last year’s
devastating floods, particularly across parts of its industrial sector, is
mapped out in ” The Report: Thailand 2012″, a new guide to investing in the
country.
The Report: Thailand 2012,
published by the global publishing, research and consultancy firm Oxford
Business Group (OBG), produced with research assistance from the Board of
Investment (BOI), BDO, Thanachart Securities PLC and Tilleke and Gibbins,
provides extensive coverage of the country’s moves to expand its economic base
and diversify its trade routes in preparation for ASEAN integration.
Editorial Director Peter
Grimsditch thanked the Group’s partners for their assistance in the
information-gathering process for The Report: Thailand 2012.
“This has been a challenging year for Thailand
as it grapples with the aftermath of unexpected, catastrophic floods while
driving growth in new segments of its economy and preparing for ASEAN
integration,” said Grimsditch.
“I am confident that the local knowledge
and expertise of our partners has helped us to produce a report which will
provide business leaders with a valuable overview of Thailand’s numerous
investment opportunities at an important juncture in the country’s
development.”
The Report: Thailand 2012 Contains A Detailed, Sector-By-Sector Guide
For Investors
It also provides a wide range of
interviews with leading political, economic and business representatives,
including the Prime Minister of Thailand Yingluck Shinawatra, the Deputy Prime
Minister and Minister of Finance Kittiratt Na-Ranong, the Governor of the Bank
of Thailand Prasarn Trairatvorakul and the Chairman and President of Saha
Pathanapibul Group Boonchai Chokwatana.
“No matter what life throws on its way, Thailand
always rise up again. The country is
unstoppable in many ways, not only
tourism and industry. But Thailand is not completely immune to global economics
headwinds.” said Mr. Peter Grimsditch, Editorial Director of Oxford Business
Group (OBG)
How we operate ? Everything is
based on what we find on the ground talking to the business community. This is
how we work: we spend a lot of time on the ground, outside the office. Through
the access to business community we are able to produce that kind of report.
International personalities, such
as the UK Secretary of State for Foreign and Commonwealth Affairs William
Hague, the former Prime Minister of the UK Tony Blair and the Secretary-General
of ASEAN Surin Pitsuwan also offer their views on Thailand’s economic
development.
The Report: Thailand 2012 charts the country’s economic recovery
following what proved to be its worst monsoon flooding in 50 years.
It gauges the industrial sector’s
ongoing programme of repairing factory damage and restoring operations while
considering the government’s growth estimates for 2012 which, at 5-6%, include
promising forecasts for key segments of industry and manufacturing.
With transport infrastructure
high on the government’s agenda, OBG’s new report looks in detail at the major
projects earmarked for Thailand which include the construction of a high-speed
railway, new port facilities and the expansion of Suvarnabhumi Airport. There
is also in-depth analysis of the construction industry which, after struggling
in the last quarter of 2011, is now playing a key role in the country’s
rebuilding efforts.
The Report Maps Out Thailand’s Preparations For ASEAN Integration In
2015
which is expected to bring
greater intraregional exchange and an opening up of the markets. The Report:
Thailand 2012 also gives details of the government’s plans to build on the
country’s well-established tourism sector by driving growth in the Meetings,
Incentives, Conventions and Exhibitions (MICE) segment and attracting visitors
from further afield as well as building up regional tourist sources.
OBG has drawn on the expertise of
the country’s Board of Investment (BOI) for its new report, with additional support
during the compilation of research provided by Thanachart Securities, the
accountancy firm BDO and the law company Tilleke and Gibbins.
OBG’s Regional Editor Paulius
Kuncinas said that while the floods and political uncertainty had undoubtedly
tested Thailand, the speed of the country’s recovery, together with its success
in maintaining private sector growth momentum, would instil confidence in
investors.
He acknowledged, however, that
Thailand faced a number of challenges to its economic development, such as an
over-reliance on exports and a heavy regulatory framework.
“We think Thailand retains a
competitive edge globally and in the region in automotives, electronics, food
processing and tourism, but lags behind some of its ASEAN peers in logistics,
telecoms, IT and the financial sector,” he said. “We would like to see the
regulators focus their attention on improving access to these growth sectors
for both foreign and local capital through lighter and more transparent rules
and regulations.”
The Report: Thailand 2012 marks
the culmination of more than 11 months of field research by a team of analysts
from OBG. It will be a vital guide to the many facets of the country, including
its macroeconomics, infrastructure, banking and other sectoral developments.
The Report: Thailand 2012 is available in print or online.
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