Press Release

Thailand: Public And Private Sector Investment Set To Drive Growth

9 Apr 2013

 

Oxford Business Group signs Memorandum of Understanding with the Board of Investment for 2014 report.Thailand’s plans to carve itself a niche as a regional hub for education and healthcare will be mapped out in a forthcoming report to be published by the global publishing, research and consultancy firm Oxford Business Group (OBG).

The Report: Thailand 2014 will explore the key role that rising domestic demand has played in balancing a fall in exports which have struggled in the face of the eurozone crisis, the US debt situation and slowdowns in key emerging markets, including China. It will also shine the spotlight on the strong growth sectors emerging in the Thai economy, such as telecoms, which are offering new opportunities for business development.

OBG has signed a Memorandum of Understanding (MOU) on research facilities with Thailand’s Board of Investment (BOI) in preparation for the Group’s forthcoming project. Under the MOU, OBG will have access to the board’s expertise and research resources which will be used to compile The Report: Thailand 2014, which will be produced with further research assistance from Jus Laws and Consult.

OBG’s Regional Editor Paulius Kuncinas said that with the global risk environment set to improve in 2013, Thailand was in a relatively strong position to attract higher investment and trade flows. “Global investor focus on ASEAN and Myanmar should boost Thai companies with strong regional supply chains, especially in food processing and automotives,” he said. “However, Thailand continues to rely heavily on its manufacturing sector which is vulnerable to demand volatility. An increased contribution from services is needed to sustain higher rates of growth.”

The Secretary-General of the BOI Khun Udom Wongviwatchai agreed Thailand was on track to receive an added boost from stronger exports in 2013. “There are also indications that domestic consumption will continue rising on the back of investment from both the public and private sectors,” he said. “I look forward to working closely with Oxford Business Group’s team to explore these significant trends and the new opportunities they should produce for investors.”

Country Director Mariana Brilhante highlighted the valuable contribution that the BOI had made to OBG’s research during the firm’s four years of operations in Thailand. “These are times of heightened activity in Thailand, with government spending set to increase and key areas of the economy targeted for growth,” she said. “The Board of Investment spearheads the country’s efforts to attract investment and enhance its competitiveness. I am delighted to be building on our long-standing partnership with its team as we begin our fourth-anniversary report on Thailand’s economic development.”

The Report: Thailand 2014 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will be available in print or online.

 

For more information please contact: Oxford Business Group, Stephanie Parker, Phone:+447899661004 E-mail:sparker@oxfordbusinessgroup.com