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For many, “southeast Asia” conjures up images of white sandy beaches and clear waters. Thailand has been more than happy to brand itself as the “land of smiles.” But are investors smiling? Thailand’s benchmark SET index was down only 0.7 per cent during 2011. So far this year it is up 17 per cent (the FTSE 100, by comparison, is up 5 per cent). Thailand is the world’s largest exporter of rice and rubber and the second largest exporter of sugar. It has a strong infrastructure network and is ranked highly by the International Monetary Fund’s “Ease of Doing Business”…

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