Win Viriyaprapaikit has a smile on his face. Since he signed an agreement in late August to buy a steelworks in northern England from Corus, the price has fallen by over $22m in baht terms.
Thailand, known to many as Asia's center for cosmetic surgery and sex-change operations, is beginning to lose its competitive edge in the medical tourism space, according to analysts.
Thailand's automobile industry is making a strong comeback following the global financial crisis, supported by robust recovery in demand.
Thailand's tourism sector is recovering fast and strong since the political unrest in May, said Dillip Rajakarier, COO of Minor Hotel Group on CNBC.
Thailand's stock market is poised to climb higher over the next three to four months and could cross the 1,100 mark next year, various experts told CNBC on Wednesday.
Consumer demand is making a comeback in Thailand just months after the nation suffered the blows of a political upheaval.
Thailand's political turmoil earlier this year may have taken a toll on investor confidence, but businesses have remained upbeat about its economic prospects.
As Western economies struggle to reign in their crippling deficits while boosting growth and maintaining financial stability, leaders should take a page out of Thailand's economic handbook, advised Korn Chatikavanij, the country's Finance Minister.
A few months after Thailand was gripped by a crippling political crisis that led to bloody protests in Bangkok, the country has achieved greater stability and is on track to meet its growth forecast this year, the country's prime minister Abhisit Vejajiva told CNBC on Monday.
South Korea, Thailand, Indonesia, Malaysia and others in Southeast and East Asia are benefiting from an export-driven regional boom and the lessons of a financial crisis a decade ago.
Fears of a double-dip recession are good for markets, as this will pressure global central banks to stay liquid, said Mark Mobius, executive chairman of Templeton Emerging Markets Group.
With money managers increasingly pessimistic about the prospects for global economic growth, more are looking for emerging markets in Asia to outperform.
Under fierce pressure to cut costs, large Japanese companies are increasingly outsourcing and sending white-collar operations to China and Southeast Asia, where doing business costs less than in Japan. The New York Times reports.
Here's what analysts and others say they're watching before the bell Friday.
The market won't retest its March lows, but it will turn choppy around January or February, said Joe Quinlan, chief market strategist at Bank of America.
Thailand is a country in transition. It was just three years ago when a coup replaced head of state -- Prime Minister Thaksin Shinawatra. Since then, the country has remained challenged. Most recently in April, Prime Minister Abhisit Vejjajiva declared a state of emergency after attempts to topple his government.
1st paragraph of story should go here
Thailand is the next big place for investing in emerging markets, especially the country’s banking stocks, Templeton Asset Management Managing Director Mark Mobius told CNBC Wednesday.
Last Friday, the closely-watched University of Michigan consumer confidence survey registered a disappointing reading of 64.6, when hopes had been for a 70 or so. But maybe it shouldn't have been a surprise, figuring that, during the month, energy prices were high (since reversed, of course), the stock market was struggling, and unemployment continued to rise.
While the technology sector struggled in global markets Thursday, experts tell CNBC there is big value there.