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Recent news reports suggest COVID-19 may be transitioning from a regional public health crisis to a global pandemic

The construction contractor business is expected to grow at an average rate of 2.8–3.3% per year during 2027–2029. The main growth driver will be public construction investment

Mass transit services are a relatively stable and solid structure than other services because they are typically in the form of public-private partnerships providing a necessary public utility. Moving forward, income should grow as demand for public transport partly displaces use of private vehicles, a process that will be accelerated by the expansion of integrated rail transport networks. Alongside this, demand will be further lifted by the fading of the COVID-19 pandemic, which is bringing with it recovery in domestic and international tourist markets and in social and economic activity more broadly.

Over the past few years, technological innovation has played an unprecedented and ever-more central role in how at the micro level, individuals live their lives, and at a larger scale, how businesses operate.

The Thai electronics industry is forecast to return to healthy rates of growth over the three years from 2021 to 2023 thanks to a number of different developments on the technology front. In particular, demand for electronics parts will be boosted by the development and rollout of 5G technology and the need for equipment that supports this, and by the increasing market penetration of smart cars, which will in turn encourage a greater uptake of hyperconnected internet of things (IoT) applications. These changes to the commercial landscape will then drive stronger demand for integrated circuits (ICs) and hard disk drives (HDDs), especially for the large-capacity HDDs that are used in data center and cloud computing applications, where demand for big data applications is growing rapidly. In terms of consumer demand, the COVID-19 pandemic has also helped to precipitate a sudden explosion in working from home and distance learning that has then translated into stronger sales of PCs, notebooks, tablets and smartphones. Meanwhile, the shortage of ICs that was weighing on the industry (especially for use in auto assembly) should begin to dissipate in 2Q21, because production capacity has now risen on greater investment expansions from technology-leaders.

Opportunities and challenges of Thai data centers in ASEAN

Over the period 2022-2024, the road freight transport industry is expected to enjoy growth rates that will average 3-5% per year. The industry will benefit from growth in manufacturing and trade, and from the increase in public-sector spending on infrastructure construction and the likely expansion in agricultural outputs. Beyond this, players will also gain from the ongoing strengthening of border/cross-border trade and the continuing rise in the popularity of e-commerce.

The housing markets in the 6 major provinces will continue to strengthen over 2023-2025, helped by: (i) the gradual recovery of the Thai economy; (ii) progress on the public infrastructure investment, which will then encourage an uptick in economic activity; (iii) recovery in the tourism sector, with foreign arrivals now expected to return to their pre-Covid-19 level by 2025; and (iv) government efforts to stimulate property sales by cutting fees for registering mortgages and transferring ownership

Currently, there are 38,512 medical facilities in Thailand, comprising 13,364 public hospitals, accounting for 34.7%

Is a public passenger transport system A type of rail that the Thai authorities have continued to invest in to solve traffic congestion problems