Welcome to the newest issue of Thai news, a resource that will keep you up-to-date on economic and business news in Thailand.

Thailand rides investment tide on 'new wave' technology

Thanks to its motivated workforce, valuable geographic location and digital resilience, Thailand has more than recovered from the floods that hit the country in 2011.  Now labeled "The Detroit of the East," the region is a technology and automobile hub for companies such as Western Digital, GM, Ford and American Axel.  

The Thai Government Plans for Economic Success

Carefully constructed strategies have positioned Thailand as a top competitor in the Southeast Asian market.  Privately-owned industrial estates that provide companies with site space, transportation, and financial incentives are largely responsible for attracting Ford, General Motors, and Toyota, and making Thailand the 14th largest global manufacturer of automobiles in the world.  

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Up-and-Coming Thai Software Industry     

Thailand's software market is experiencing strong growth because of the region's increasingly high-tech infrastructure, low-cost government policies, central location in Southeast Asia, and workforce skills. With increasing personal computer usage, 3G, WIMAX and cloud computing, this market is expected to grow at 10 percent over 2011-2015. 

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Thailand's Economy Becomes More Competitive     

Thailand has moved up three notches this year to number 27 out of 60 in the World Competitiveness Survey.  Economic expansion, GDP growth, and currency stability have improved greatly, according to the survey.   

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Cotton USA to Make Thailand its Regional Center

Thailand will be the center of Cotton USA's Southeast Asia operations as the company attempts to reach the ASEAN Economic Community's projected consumer base of 600 million people.  ASEAN is the United States' fourth-biggest market for cotton exports.  

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Bosch Trains Thailand's Workforce

Bosch, a global technology and services supplier, recently launched the joint German-Thai Dual Excellence Education program to play a hand in training Thailand's high-tech manufacturing workforce. 

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