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The city of Bangkok also known as Krung Thep in Thai is the capital and only cosmopolitan city of Thailand. Covering 1,568 square kilometers it is the largest and most populous city in the country. The UN World Urbanization Prospects estimated the population of Bangkok for the year 2020 as 10,539,415 people.
The city is located in central Thailand on the Chao Phraya River delta. The Gulf of Thailand is 40km far from the city. Bangkok is also the home to the prime port of the country emerging as an important trading center of Thailand. Bangkok is known around the globe for its street culture and nightlife.
Bangkok Metropolitan Administration governs Bangkok. The BMA is divided into two branches namely, the executive and the legislative. The Bangkok Metropolitan Council forms the legislative wing. Councilors are elected directly from each district and together they form this Council exercising their power over municipal ordinances and the city's budget. The executive wing comprises a directly elected governor and 4 appointed deputies who are responsible for implanting the policies. Bangkok also provides land to the United Nations Economic and Social Commission’s headquarters.
Bangkok is the financial hub of Thailand as the city addresses 1/3rd of the country’s banks and the Bangkok Stock exchange. The Stock Exchange of Thailand, together with the Market for Alternative Investment, has more than 650 listed companies with a combined market capitalization of 8.485 trillion baht ($267.64 billion). Due to the large amount of foreign representation, Thailand has for several years been a mainstay of the Southeast Asian economy and a centre of Asian business. The Globalization and World Cities Research Network ranks Bangkok as an "Alpha" world city, and it is ranked 59th in Z/Yen's Global Financial Centres Index.
Bangkok is home to the headquarters of all of Thailand's major commercial banks and financial institutions, as well as the country's largest companies. Many multinational corporations base their regional headquarters in Bangkok due to the lower cost of labour and operations relative to other major Asian business centres. Seventeen Thai companies are listed on the Forbes 2000, all of which are based in the capital, including PTT, the only Fortune Global 500 company in Thailand.
Bangkok also ranked 2nd in the Enpact’s startups friendliness index 2018. Bangkok's business environment is adapting to the startup friendly ecosystem offering adequate financial services to encourage startups development although the city still has to increase the number of incubators and accelerators.
The Bangkok Metropolitan Administration has made significant strides in improving the city's infrastructure. It has identified a range of infrastructure priorities for Bangkok, from new energy, water and sewerage infrastructure, to enhanced digital connectivity and new rail and road schemes. Some of the investment is provided by the private sector. However, there are concerns about the lack of capacity in digital infrastructure, particularly in relation to high speed broadband access.