Thailand Focus Week of June 2, 2015

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Royal Thai Embassy, Washington, D.C.

Week of June 2, 2015 

Executive Summary

  • Region vows to help boat people at Thai-hosted meeting
  • PM Prayut calls for narrowing inequality at UN ESCAP conference
  • Prime Minister steps up war on corruption, police transferred
  • Moody’s says Thailand stable; Ministry pushes Thai franchises
  • Japan seeks investment from Thailand, rail lines approved

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Region vows to help boat people at Thai-hosted meeting

Countries in Southeast Asia and their partners pledged to help thousands of boat people adrift on the Indian Ocean and to work to solve the root causes of the crisis, at a regional meeting organized and hosted by Thailand last week. Read more

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PM Prayut calls for narrowing inequality at UN ESCAP conference

Saying he was shaken by the knowledge that three million children under the age of five around the world die each year because they lack access to health care, Prime Minister Prayut Chan-o-cha called on the global community to do more to solve poverty and the widening gap between rich and poor, during opening remarks at the annual regional policy forum at the United Nations Economic and Social Commission for Asia Pacific (ESCAP) held in Bangkok last week. Read more

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Prime Minister steps up war on corruption, police transferred

Prime Minister Prayut Chan-o-cha announced on Monday that he will take his war on corruption to the next level, stepping up measures in particular against graft in government contracts and procurement. Read more

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Moody’s says Thailand stable; Ministry pushes Thai franchises 

Thailand’s sovereign credit situation is stable thanks to a strong government financial position, international credit rating agency Moody’s Investor Service said last week, as the Ministry of Commerce urged more Thai businesses to start franchising overseas. Read more

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Japan seeks investment from Thailand, rail lines approved

Japanese investment helped transform Thailand into an industrial economy and has been a driver of Thai economic growth since the 1970s, but now Japan is turning the tables and asking Thailand and its companies to invest more in Japan to ensure its own sustainable growth. Also last week, the Cabinet approved plans for Japanese investment in new high-speed rail lines in Thailand. 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 26,2015
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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