Thailand Focus Week of May 26, 2015

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Royal Thai Embassy, Washington, D.C.
Week of May 26, 2015Executive Summary

  • Thailand will shelter boat people temporarily and deploy landing ships as base for migrant-relief effort.
  • Cabinet agrees to hold referendum on draft charter.
  • Officials at several ministries suspended for alleged graft.
  • Board of Trade optimistic on economic growth.
  • Business ready to invest in waste-to-energy plants.

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Thailand will shelter boat people temporarily and deploy landing ships as base for migrant-relief effort

Thailand will provide temporary shelter for boat people adrift on the Andaman Sea. At the same time, the Thai navy will deploy a landing-platform dock ship in the Andaman Sea to provide humanitarian assistance to migrants found adrift as a compliment to air patrols by the United States.  Read more

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Cabinet agrees to hold referendum on draft charter

Thailand’s Cabinet and the National Council for Peace and Order (NCPO) agreed last week to hold a national referendum on the draft constitution so the Thai public can decide whether or not it should be adopted. The referendum, tentatively scheduled for January, would mean that national elections would take place around August 2016 at the earliest. Read more

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Officials at several ministries suspended for alleged graft

Several top bureaucrats at three ministries were either suspended or transferred to inactive posts last week pending investigations into allegations of graft on their part as the government presses ahead with its campaign against corruption. Read more

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Board of Trade optimistic on economic growth

Thailand’s Board of Trade expressed optimism about the economy last week, saying the worst had already passed and that increased investment, rising tourism arrivals and the advent of the digital economy should help the Kingdom achieve 3.5 percent growth this year. Read more

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Business ready to invest in waste-to-energy plants

Several Thai companies are preparing to invest nearly $1.4 billion in building waste-to-energy power plants, executives from the Federation of Thai Industries said last week. More than 20 firms in the renewable energy sector are expected to invest in the projects producing a combined capacity of 500 megawatts. Read more

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In this issue

Thailand at a Glance

4th Quarter 2014 Key Indicators
GDP: 0.7%
Export: $56.8 billion
Import: $49.1 billion
Export growth rate: – 1.5%
Import growth rate: – 5.7%
Current account balance: Surplus by 9.815 billion USD
Trade surplus: $7.7 billion
Unemployment: 0.6%
Headline inflation: -0.52%
Official foreign reserves: $157.11 billion USD
2014
GDP: $373.6 billion
GDP per capita: $5,445
GDP growth: 1.5-2.0%

2013
GDP: $385 billion
GDP per capita: $5,647
GDP growth: 2.9%

2012
GDP: $366 billion
GDP per capita: $5,390
GDP growth: 6.5%

2011
GDP: $345.6 billion
GDP per capita: $5,113
GDP growth: 0.1%

May 18,2015
May 11,2015
May 4,2015

Apr 27,2015
Apr 21,2015
Apr 15,2015
Apr 7,2015

March 30,2015
March 24,2015
March 16,2015
March 9,2015
March 2,2015

February 23,2015
February 17,2015
February 9,2015
February 2,2015

January 26,2015
January 20,2015
January 12,2015
January 5,2015

Thailand Focus 2014
Thailand Focus 2013
Thailand Focus 2012
Thailand Focus 2011

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