GNP or Gross National Product measures the market value of all products and services produced during a certain period of time by labor and property supplied by the residents of a country. Gross National Product (GNP) is equivalent to the Gross Domestic Product (GDP) when reduced by income earned within the domestic economy by overseas [...]
The current scenario in Thailand these days is enough to give economists something to be excited about. Consider these: Young middle-class working sector fills the shopping malls in downtown Bangkok. Just outside some of the shopping malls, the city is building infrastructure to solve the city’s traffic nightmare which is made worse by more cars [...]
Thailand is earning praises from the international community in terms of its economic performance amidst political turmoil, devastating flood aftermaths, etc. Such have been offset by a well-developed infrastructure, pro-investment policies, strong export sector and a free-enterprise economy. Steady growth achieved is owed largely to agricultural and industrial exports – from agricultural commodities, electronics, and [...]
Thailand is a known hub for car manufacturers, especially of Japan made vehicles. The country provides a sound business environment for leading Japanese carmakers such as Toyota Motor Corp., and Nissan Motor Corp. Official data showed that Thailand bought 54 percent of auto components from Japan in 2012, making the importers “too pleased with the [...]
On many occasions, Thailand had shown its resilience and strength even in the middle of almost any crisis – be it political, economic, cultural, or environmental. Such resilience and strength are often measured by the performance of the country’s economy, especially under difficult situations and circumstances. And most of the time, the country’s economy bouncing [...]
Thailand was hit by the worst flooding in more than half a century in the latter part of 2011, which decimated the country’s various factories, almost completely shutting off the operations and productions, which in turn affected the exports and manufacturing sector. However, despite such catastrophic disaster which shrunk Thailand’s economy by 10.7 percent in [...]
An alarming concern expressed by the Bank of Thailand about the recent increasing trend in consumer loans has caused the media and some financial experts to analyze and assess the current situations to determine if such concerns have any ground and basis. The Bank of Thailand expressed their concern that if such trend is not [...]
Thailand seems to be undaunted by the European economic crisis as well as the economic slowdown felt in other parts of the world, with their appetite for construction and public debt not satisfied by ongoing projects. Thailand’s construction activities are about to increase as the government is poised to approve yet another huge infrastructure spending [...]
According to Thailand’s Board of Investment report, the 11-month investment promotion applications value for 2012 almost reaches a historic 1 Trillion Baht. The total value of investment from January to November 2012 reached 936.2 Billion Baht confirming the continuous confidence of foreign investors in Thailand. This was expressed by the Industry Minister Prasert Boonchaisuk. He [...]
Thailand’s labor force welcomed one of the most important changes to the Thai economy in April 1, 2012 as the government implemented the new minimum wage in Bangkok and six of Thailand’s 75 provinces including Phuket from Baht 215 per day to Baht 300 per day. The wage hike was an unprecedented 40 percent jump. [...]
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