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Falling Behind in the Chip Race: Thailand’s Place in ASEAN’s Semiconductor Competition

In the heart of Southeast Asia, a battle is brewing. ASEAN countries like Malaysia, Vietnam, and Singapore are rapidly scaling up their semiconductor sectors, hoping to become key players in the global chip supply chain. However, Thailand—known for its manufacturing prowess in industries like automotive and electronics—has been comparatively slow to join the race. As…

ByThaiCyclopedia21 November 20240Comments

Business

Thailand’s Economy in 2024: Analyzing Q1, Q2 & Q3 Performance and Future Outlook

Thailand's economic journey through 2024 has been a tale of recovery and recalibration. While driven by a recovering tourism sector and strong private consumption, challenges such as declining exports, contraction in manufacturing, and fiscal delays have tempered the overall expansion. As we dissect the performance across the first three quarters, we uncover the underlying trends…

ByThaiCyclopedia3 September 20240Comments

Business

Doing Business in Thailand: What You Need to Know

Thailand offers promising opportunities for foreign investors due to its strategic location in Southeast Asia, robust economic policies, and welcoming climate for foreign capital. Understanding the intricacies of setting up a business in this vibrant economy can pave the way for successful ventures. Here’s what you need to know before you dive into the…

ByThaiCyclopedia25 April 20240Comments

Business

SME Spotlight: 8 Small Businesses Thriving in Thailand

Thailand's vibrant economy is a fertile ground for small and medium-sized enterprises (SMEs). From traditional Thai herbal innovations to modern dietary supplements and unique food concepts, these businesses play a crucial role in the country's economic development and innovation. In this article, we highlight eight such SMEs, showcasing their entrepreneurial spirit and unique contributions.…

ByThaiCyclopedia1 March 20240Comments

ThaiCyclopedia

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