Display mode (Doesn't show in master page preview)

Econ Digest

24 Jan 2023

Econ Digest

First MPC meeting of the year scheduled for January 25, 2023…the MPC is expected to raise its policy rate by 0.25% amid inflationary pressure and economic recovery trend

First MPC meeting of the year scheduled for January 25, 2023…the MPC is expected to raise its policy rate by 0.25% amid inflationary pressure and economic recovery trend ... Read more

18 Jan 2023

Econ Digest

Spring Festival in the Year of the Rabbit…the spending atmosphere has improved for the first time in three years. Under prudent spending plans, Bangkok residents are expected to spend about 12.33 billion baht in total.

Spring Festival in the Year of the Rabbit…the spending atmosphere has improved for the first time in three years. Under prudent spending plans, Bangkok residents are expected to spend about 12.33 billion baht in total.... Read more

13 Jan 2023

Econ Digest

High cost of living continues to put pressure on the KR-ECI in December 2022, but the government measures to boost spending and the tourism sector bolster the future prospects of the KR-ECI

High cost of living continues to put pressure on the KR-ECI in December 2022, but the government measures to boost spending and the tourism sector bolster the future prospects of the KR-ECI... Read more

12 Jan 2023

Econ Digest

Retail business in 2023 expected to grow 2.8-3.6% amid challenges of cost and purchasing power

Retail business in 2023 expected to grow 2.8-3.6% amid challenges of cost and purchasing power ... Read more

11 Jan 2023

Econ Digest

What will happen to Thailand’s exports of solar cell products to the U.S. after the preliminary investigation, suggesting the circumvention of AD/CVD measures?

What will happen to Thailand’s exports of solar cell products to the U.S. after the preliminary investigation, suggesting the circumvention of AD/CVD measures?... Read more

9 Jan 2023

Econ Digest

From October 1, 2023 onwards, Thai exporters must report carbon emissions for products in the CBAM’s targeted industries exported to the EU

From October 1, 2023 onwards, Thai exporters must report carbon emissions for products in the CBAM’s targeted industries exported to the EU... Read more

6 Jan 2023

Econ Digest

China’s easing of lockdown measures set to boost the recovery of Chinese tourist market

China’s easing of lockdown measures set to boost the recovery of Chinese tourist market... Read more

5 Jan 2023

Econ Digest

What will be the trend of the food delivery business in 2023 after consumers resume their normal lives?

What will be the trend of the food delivery business in 2023 after consumers resume their normal lives?... Read more

4 Jan 2023

Econ Digest

Online payment sees continual growth…business expansion is accelerated for sustainability

Online payment sees continual growth…business expansion is accelerated for sustainability ... Read more

29 Dec 2022

Econ Digest

Thai exports in 2023 face pressure from trading partners’ economies…Full year expected to contract by 1.5% as a result of declining price effect

Thai exports in 2023 face pressure from trading partners’ economies…Full year expected to contract by 1.5% as a result of declining price effect... Read more

28 Dec 2022

Econ Digest

New Year’s celebration to boost Thai tourism…Thai and foreign tourists set to spend around THB30 billion

ในช่วง 4 วันของเทศกาลส่งท้ายปีเก่าต้อนรับปีใหม่ 2566 (30 ธ.ค. 65 - 2 ม.ค 66) คาดว่าบรรยากาศท่องเที่ยวในประเทศไทยจะกลับมาคึกคักอีกครั้ง จากทั้งนักท่องเที่ยวไทยที่นิยมเดินทางข้ามจังหวัดในช่วงนี้ และจากนักท่องเที่ยวต่างชาติที่เดินทางเข้าไทยเพิ่มขึ้นต่อเนื่องตั้งแต่ต้นเดือน ธ.ค. 65 สร้างเม็ดเงินกระจายสู... Read more

26 Dec 2022

Econ Digest

2023 international arrivals to Thailand projected to reach 20.0-24.0 million, with less spending per trip and changing travel patterns

2023 international arrivals to Thailand projected to reach 20.0-24.0 million, with less spending per trip and changing travel patterns... Read more

23 Dec 2022

Econ Digest

COP 15 conference: A mission to protect Biodiversity…driving business towards sustainability

COP 15 conference: A mission to protect Biodiversity…driving business towards sustainability... Read more

22 Dec 2022

Econ Digest

Farmer’s net income expected to shrink in 2023 due to price pressure

Farmer’s net income expected to shrink in 2023 due to price pressure ... Read more

16 Dec 2022

Econ Digest

What kinds of taxes on securities are levied in each country?

On November 29, 2022, the cabinet adopted a resolution to impose a financial transaction tax on securities at a rate of 0.11% (including 0.01% of local tax) of the transaction value. After the above resolution is published in the Royal Gazette, such tax will be levied at a rate of 0.055% (including ... Read more

13 Dec 2022

Econ Digest

The first anniversary of the Laos-China Railway…More options for Thailand-China cross border trade

The first anniversary of the Laos-China Railway…More options for Thailand-China cross border trade... Read more

9 Dec 2022

Econ Digest

What will the electrical appliances market look like after the draft of the Product Liability Act is enforced?

On November 22, 2022, the Thai Cabinet approved in principle the draft Product Liability Act B.E., which mandates operators to take responsibility for product defects for two years from the delivery date in order to protect consumer rights, especially for technology products where defects are hard t... Read more

7 Dec 2022

Econ Digest

The results of the COP27 conference reiterated the target to limit global temperature increases to below 1.5 degrees Celsius

The results of the COP27 conference reiterated the target to limit global temperature increases to below 1.5 degrees Celsius ... Read more

6 Dec 2022

Econ Digest

Post-APEC summit…France actively strengthens its relations with Thailand and ASEAN to open up trade and investment opportunities in new dimensions in Thailand’s target industries with France’s strengths

During the 33rd Asia-Pacific Economic Cooperation (APEC) summit hosted by Thailand, French President Emmanuel Macron, the first French President to visit Thailand in 16 years, aimed to strengthen bilateral relations between Thailand and France in all areas, including attaching importance to economic... Read more

2 Dec 2022

Econ Digest

E-Commerce business continues to grow although at a slower pace…the market value of B2C E-Commerce grew by an average of 26% per year over the past three years and is expected to expand at 4-6% in 2023.

E-Commerce business continues to grow although at a slower pace…the market value of B2C E-Commerce grew by an average of 26% per year over the past three years and is expected to expand at 4-6% in 2023.... Read more

1 Dec 2022

Econ Digest

Thai business debtors recover from the COVID 19 pandemic, but the micro and super micro businesses still need to be accommodated

A study and assessment on business accounts with outstanding debt conducted by the National Credit Bureau (NCB) shows that the recovery of the micro and super micro businesses remains fragile despite the fact that the COVID-19 crisis has subsided, and the economy is on the path towards recovery. As ... Read more

30 Nov 2022

Econ Digest

Thai exports contracted 4.4% in October 2022 - the first time in 20 months…Exports to major trading partners dropped in line with the economic slowdown.

Thai exports contracted 4.4% in October 2022 - the first time in 20 months…Exports to major trading partners dropped in line with the economic slowdown.... Read more

29 Nov 2022

Econ Digest

Banks hike deposit rates, reflecting increased competition in the deposit market

The Monetary Policy Committee (MPC) began raising its policy rates at its August and September 2022 meetings by 0.25% each time, for a total of 0.50%, bringing the current policy rate to 1.00%. However, instead of raising interest rates immediately, most large commercial banks waited until October 2... Read more

28 Nov 2022

Econ Digest

The MPC is set to raise its policy rate by another 0.25% amid elevated inflationary pressures

The Monetary Policy Committee (MPC) is expected to raise its policy rate by another 0.25% to 1.25% at its last meeting of 2022 amid mounting inflationary pressures while the Thai economy is set to gradually recover ahead. Thailand's headline inflation rate in October fell for the second consecutive ... Read more

24 Nov 2022

Econ Digest

Getting to know the Loss and Damage Fund to help developing countries cope with climate change

Getting to know the Loss and Damage Fund to help developing countries cope with climate change ... Read more

18 Nov 2022

Econ Digest

APEC CEO Summit 2022…A forum to showcase the private sector vison for the APEC economic zone

APEC CEO Summit 2022…A forum to showcase the private sector vison for the APEC economic zone ... Read more

17 Nov 2022

Econ Digest

What is the level of financial inclusion in Thailand compared to APEC?

What is the level of financial inclusion in Thailand compared to APEC? ... Read more

15 Nov 2022

Econ Digest

KR-ECI stabilized in October 2022…Households still concerned about product prices while the flooding situation raised concerns about expenditures, income and employment

KR-ECI stabilized in October 2022…Households still concerned about product prices while the flooding situation raised concerns about expenditures, income and employment... Read more

14 Nov 2022

Econ Digest

The U.S. midterm election results are expected not to change recession trend in 2023

The U.S. midterm election results are expected not to change recession trend in 2023... Read more

11 Nov 2022

Econ Digest

Residential property market after the expiration of the LTV easing measures

In 2022, residential property market indicators reflect a good recovery, but are not yet comprehensive. Residential property developers are accelerating their investment in new projects, driven by the confidence in the economic recovery after the COVID-19 outbreak subsides plus the recovery of the t... Read more

10 Nov 2022

Econ Digest

Are Thai business operators ready for carbon tax?

Are Thai business operators ready for carbon tax?... Read more

8 Nov 2022

Econ Digest

Thailand joins the COP27 conference to set environmental direction for the business sector

Thailand joins the COP27 conference to set environmental direction for the business sector... Read more

26 Oct 2022

Econ Digest

Thailand’s new power development plan expected to be enacted in 2023

Thailand’s new power development plan expected to be enacted in 2023... Read more

20 Oct 2022

Econ Digest

Future of Cashless Society in APEC

At present, many countries worldwide are transitioning to a less cash, or even a cashless society. Evidently, more consumers in foreign countries prefer e-payment that can be made via debit card, credit card, internet banking, mobile banking or e-wallet. However, the present level of cashless paymen... Read more

23 Sep 2022

Econ Digest

2022 Vegetarian Festival: Food prices set to rise while Bangkok residents plan to cut days of eating vegetarian food

KResearch projects that the vegetarian food consumption by Bangkok residents is likely to shrink by 6% YoY this year, while vegetarian food prices could rise by 10% from the previous year, making Bangkok residents’ spending during the Vegetarian Festival 2022 to be THB 3.2 billion, up by 4% YoY.... Read more

7 Sep 2022

Econ Digest

Are Thai exporters ready for the upcoming U.S. Clean Competition Act?

The U.S. Senate has introduced the Clean Competition Act, comprising a carbon pricing mechanism (Carbon Pricing) for U.S-made products and a carbon border adjustment mechanism (US-CBAM) for imported products. The target industries include petroleum production and refining, petrochemicals, fertilizer... Read more

2 Sep 2022

Econ Digest

Easing of Thailand’s visa rules will boost medical tourism and private hospitals’ revenue from foreigners will grow by 60%

The Thai government has implemented visa facilitation measures that will be one of the factors to encourage foreign patients (medical tourism) to resume medical services in Thailand, in order to speed up tourism recovery and stimulate the economy after the COVID-19 outbreak has subsided. These measu... Read more

18 Aug 2022

Econ Digest

The U.S. CHIPS Act affects chip supply chains and undermines the competitiveness of Thailand’s electronics industry

The U.S. CHIPS Act affects chip supply chains and undermines the competitiveness of Thailand’s electronics industry ... Read more

16 Aug 2022

Econ Digest

Businesses must know! Consumer survey on eco-friendly products and ESG investment

Since everyone has to face problems affecting health and daily life such as PM2.5 dust, climate variability and the outbreak of COVID-19, it has made consumers aware of and more concerned about environmental issues. KResearch has conducted a survey on consumers’ behavior and their perspectives, rega... Read more

11 Aug 2022

Econ Digest

What is the impact of the bank’s delayed interest rate hike on the Thai banking sector?

What is the impact of the bank’s delayed interest rate hike on the Thai banking sector?... Read more

10 Aug 2022

Econ Digest

Nursing home business expected to grow well despite facing high cost of living as boosted by seniors-patients with purchasing power

Nursing home business expected to grow well despite facing high cost of living as boosted by seniors-patients with purchasing power ... Read more

9 Aug 2022

Econ Digest

MPC is expected to raise policy rate by 0.25% amid increased inflation pressure

The Monetary Policy Committee (MPC) is expected to raise its policy rate by 0.25 percent to 0.75 percent at the upcoming meeting amid increased inflationary pressure, while the steady recovery trend of the Thai economy will also prompt the MPC to possibly slow down the economic accelerator pedal gra... Read more

8 Aug 2022

Econ Digest

The BEV market: short-term belongs to players with readiness, in the long- term...who will be the winner?

Presently, competition in the domestic automobile market, particularly the BEV market, has changed significantly. Following Thailand’s attempts to open up investment to sustain as much of the domestic automotive industry as possible, including accelerated support to the BEV market from this year to ... Read more

26 Jul 2022

Econ Digest

FOMC meeting, July 26-27, 2022 …Another 0.75% rate hike likely amid steady increases in inflation while the US economy shows signs of cooling down

FOMC meeting, July 26-27, 2022 …Another 0.75% rate hike likely amid steady increases in inflation while the US economy shows signs of cooling down ... Read more

18 Jul 2022

Econ Digest

Challenges for Thai commercial banks in 2H22: Supervision of fragile debtors as interest rates are set to increase

Challenges for Thai commercial banks in 2H22: Supervision of fragile debtors as interest rates are set to increase ... Read more

15 Jul 2022

Econ Digest

Thai Chicken Exports in 2022…Opportunities in Global Food Crisis

Global fears of a food crisis have prompted many countries to stockpile more food, including chicken products. On June 1, Malaysia suspended the export of chicken products, which severely affected its main trading partner, Singapore, and led to Singapore speeding up the search for new sources o... Read more

14 Jul 2022

Econ Digest

“Thai rice” is at risk of a tighter supply amid lower production, causing rice prices to rise continually

“Thai rice” is at risk of a tighter supply amid lower production, causing rice prices to rise continually ... Read more

11 Jul 2022

Econ Digest

KR-ECI fell to a record low in June 2022, as households remain concerned about rising product prices after Thailand’s inflation hit a 14-year high.

KR-ECI fell to a record low in June 2022, as households remain concerned about rising product prices after Thailand’s inflation hit a 14-year high.... Read more

8 Jul 2022

Econ Digest

Cancellation of travel restrictions and full reopening to tourists effective July 1, 2022 – an important step to boost the rapid growth of Thailand’s inbound tourism market in 2H22

Cancellation of travel restrictions and full reopening to tourists effective July 1, 2022 – an important step to boost the rapid growth of Thailand’s inbound tourism market in 2H22... Read more

7 Jul 2022

Econ Digest

Thai Baht … In comparison with other Asian currencies

The Thai Baht and other Asian currencies have recently depreciated 5.0-8.5% (except for the JPY, which depreciated by 15.2%) to their lowest levels in years, amid a trend of Fed rate hikes outpacing Asian central banks. The Baht weakened to its weakest level against the dollar in nearly 6 and a half... Read more

6 Jul 2022

Econ Digest

Thai imports have been bolstered by the Yen’s depreciation, especially intermediate goods and goods, which benefit Thai consumers

Japan’s currency has weakened steadily, hitting a 24-year low of JPY136.24 per USD (as of June 22, 2022), a decline of roughly 17.1% from the figure reported in early 2022. The Yen has been the worst performing major currency among its peers. It also shows growing signs of softening during the remai... Read more

5 Jul 2022

Econ Digest

Sharp drop in Yen to more than 20-year low has little impact on Thailand’s overall exports to Japan

Sharp drop in Yen to more than 20-year low has little impact on Thailand’s overall exports to Japan... Read more

24 Jun 2022

Econ Digest

Subsiding of COVID-19... poses challenges to the food delivery business

Food delivery business in 2022 is expected to total around THB77-80 billion, or a growth of 1.7-5.0%,lower than the 46.4% growth in 2021 ... Read more

21 Jun 2022

Econ Digest

How important is a sustainability report to the business sector?

It is well known that investors around the world today are concerned with corporate environmental, social and governance or ESG practices while seeking monetary profit. Therefore, the business sector must focus on the disclosure of sustainability or ESG information to increase access to funding f... Read more

17 Jun 2022

Econ Digest

Sharp Fed rate hike has become the main factor weighing on the Thai Baht…Although Thai interest rates start to rise, Fed rate hikes accelerate

At the June 2022 FOMC meeting, the Federal Reserve (Fed) raised the benchmark rate by 75 basis points or 0.75% to a range of 1.50-1.75% as anticipated by the market. This led to a positive reaction from financial markets, particularly stock markets, at least in the short-term, while the US dollar we... Read more

15 Jun 2022

Econ Digest

Private sector accelerates debenture issuance to freeze costs amid an upward trend in interest rates

The pressure on financial costs in Thailand is increasing in line with the global market trend, after the results of the latest Monetary Policy Committee (MPC) meeting reflect the likelihood of a policy rate hike at the MPC meeting in August 2022. In spite of this, KResearch is of the view that the ... Read more

20 May 2022

Econ Digest

In an era where businesses have to weather the high cost of living

In an era where businesses have to weather the high cost of living ... Read more

18 May 2022

Econ Digest

Thai economy grew by 2.2% in 1Q2022 and is expected to grow more than the previous estimate of 2.5% for the full-year

Thai economy grew by 2.2% in 1Q2022 and is expected to grow more than the previous estimate of 2.5% for the full-year... Read more

17 May 2022

Econ Digest

Tight global supply pushes up edible vegetable oil prices...Average retail price of bottled palm oil is expected to be TH65-68 per bottle in 2022, a year-on-year increase of 35-41%

Tight global supply pushes up edible vegetable oil prices...Average retail price of bottled palm oil is expected to be TH65-68 per bottle in 2022, a year-on-year increase of 35-41%... Read more

10 May 2022

Econ Digest

Restoring marine resources, and moving towards sustainable development of fisheries

Overfishing is undermining the sustainability of marine resources. Data from the Food and Agriculture Organization of the United Nations (FAO) shows that the global marine catches were 92.5 million tons in 2019, an increase of 820% from 1950, of which 34.2% was overfished, partly due to the developm... Read more

6 May 2022

Econ Digest

The Thai Baht remains uncertain, despite short-term appreciation after the Fed did not signal acceleration of monetary policy tightening

At least two points are noteworthy about the outcome of this round of the Fed meeting, which seem to be a cautious signal from the Fed to avoid being interpreted as tightening monetary policy more strictly to curb inflation. This signal disappointed investors, and markets made adjustments by selling... Read more

5 May 2022

Econ Digest

Full opening on May 1, 2022, an important step for Thailand… introducing preferential benefits to support the tourism market

Thailand is one of the countries that have significantly eased their entry requirements on international visitors. Starting May 1, 2022, the Thai government will waive the RT-PCR test for fully vaccinated foreign travelers, reduce health insurance coverage for foreign visitors from USD20,000 to USD1... Read more

27 Apr 2022

Econ Digest

Auto title loans in 2022: Tapping into the low-end market… Expected to continue to grow by 15-20%

Auto title loans in 2022: Tapping into the low-end market… Expected to continue to grow by 15-20% ... Read more

26 Apr 2022

Econ Digest

7 types of plastic waste that must be 100% recycled

7 types of plastic waste that must be 100% recycled... Read more

25 Apr 2022

Econ Digest

Thai exports recorded steady growth at 19.5% in March 2022 with no significant impact seen from the Russia-Ukraine conflict

Thai exports recorded steady growth at 19.5% in March 2022 with no significant impact seen from the Russia-Ukraine conflict ... Read more

21 Apr 2022

Econ Digest

China’s 2022 economic performance rests with its zero-COVID policy

China’s 2022 economic performance rests with its zero-COVID policy ... Read more

20 Apr 2022

Econ Digest

Is an inverted yield curve a harbinger of recession?

In early April 2022, the U.S. bond market experienced an inverted yield curve. While an inverted yield curve is not always a harbinger of a recession, it is still one of the factors that reminds investors to carefully assess the direction of their investments amid the risks of a future recession due... Read more

18 Apr 2022

Econ Digest

Declines in the KR-ECI reflects lingering concerns among Thai households about steady rises in product prices

Declines in the KR-ECI reflects lingering concerns among Thai households about steady rises in product prices... Read more

8 Apr 2022

Econ Digest

During Songkran in an era of high living costs, Bangkok residents save on “eating-shopping-traveling” expenses

During Songkran in an era of high living costs, Bangkok residents save on “eating-shopping-traveling” expenses... Read more

5 Apr 2022

Econ Digest

The Russian-Ukraine war has worsened the economic situation and pushed up prices and costs. Low-income consumers and SMEs will have to adjust faster as they bear the brunt of the impact

The Russian-Ukraine war has worsened the economic situation and pushed up prices and costs. Low-income consumers and SMEs will have to adjust faster as they bear the brunt of the impact... Read more

1 Apr 2022

Econ Digest

Thai export opportunities in the Russia-Ukraine war

KResearch has revised downward its forecast for Thai exports in 2022 from 4.3% to 3.4%, based on challenges of the Russo-Ukrainian conflict. Thai exports in 2022 are expected to be mainly driven by the prices of production factors related to oil and agricultural products and essential goods, such as... Read more

30 Mar 2022

Econ Digest

When infected with COVID-19...how to exercise rights and claim insurance?

When infected with COVID-19...how to exercise rights and claim insurance? ... Read more

25 Mar 2022

Econ Digest

Why S&P Downgraded Credit Ratings of Four Thai Commercial Banks?

On March 21, 2022, the credit rating agency Standard & Poor’s (S&P) downgraded the credit ratings of four Thai commercial banks, namely Siam Commercial Bank (SCB), KASIKORNBANK (KBANK), Krungthai Bank (KTB) and TMBThanachart Bank (TTB). However, S&P maintained the credit ratings of Bangkok Bank (BBL... Read more

24 Mar 2022

Econ Digest

The Russian-Ukrainian war is expected to shrink Thailand’s auto exports by 6-11% in 2022

The Russian-Ukrainian war is expected to shrink Thailand’s auto exports by 6-11% in 2022... Read more

23 Mar 2022

Econ Digest

B2C e-commerce market expected to grow by 13.5% in 2022…taking market share from on-premise purchases, especially for food and personal care products

KResearch views that rising inflation and living costs, uncertainty about the COVID-19 outbreak, and impacts from the prolonged war in Ukraine will continue to affect the economy and consumers’ purchasing power. Although B2C e-commerce (for products only) may grow by around 13.5% to about THB565 bil... Read more

22 Mar 2022

Econ Digest

Cold-Chain Logistics….delivering cold foods to consumers, shows bright prospects...from online ordering of fresh food & fruits and vegetables

During the COVID-19 pandemic, the cold-chain logistics business, which originally focused on penetrating the B2B (Business to Business) market, showed substantial growth trend in the B2C (business to Customer) market, benefiting from the continued growth of the e-commerce industry that allows consum... Read more

16 Mar 2022

Econ Digest

Russia-Ukraine conflict drives up global wheat prices, affecting food costs and spending

Russia-Ukraine conflict drives up global wheat prices, affecting food costs and spending... Read more

11 Mar 2022

Econ Digest

When the world is melting. GLOBAL WARMING AND WARNING!

On February 28, 2022, the latest report of the Working Group II “Climate Change 2022: Impacts, Adaptation and Vulnerability” released by the Intergovernmental Panel on Climate Change (IPCC) states that global warming will affect about 3.3 -3.6 billion people and more than 40% of the world’s populati... Read more

9 Mar 2022

Econ Digest

Is it good to invest in NFT?

NFT or Non-Fungible Token is one of the unique, rare/limited and irreplaceable digital assets. An owner can hold ownership of an NFT to show their ownership and can benefit from NFTs such as music, photos, paintings, cartoons or other artworks, including unique items in games. Ownership will be reco... Read more

4 Mar 2022

Econ Digest

Life insurance business 2022: Counting on recovery in line with economic conditions…adjusting to new Financial Reporting Standards

The outlook for the life insurance business in 2021 turned slightly positive after two consecutive years of contraction, mainly due to a return to positive growth in the premium amount of new insurance policies, particularly single-premium life insurance, while annual renewal premiums did not grow. ... Read more

2 Mar 2022

Econ Digest

Russia-Ukraine conflict and its impact on the Thai Baht; Limited direct impact but high indirect impact and risk

Various issues happened amid the Russia-Ukraine crisis after February 28, 2022, most importantly, the first round of talks between the Russian-Ukrainian delegations for resolving the current conflict. However, this round of talks ended with no agreement, while the delegations from Russia and... Read more

1 Mar 2022

Econ Digest

Thai Oil Palm prices start to decline after peaking. Keep an eye on global energy prices and biodiesel formula adjustments

Thai Oil Palm prices start to decline after peaking. Keep an eye on global energy prices and biodiesel formula adjustments ... Read more

23 Feb 2022

Econ Digest

Metaverse in retail business…The value that investors should not overlook

Metaverse in retail business…The value that investors should not overlook ... Read more

17 Feb 2022

Econ Digest

Thai Baht hits a 7-month high on increased foreign capital inflows

Foreign investors have steadily resumed their investment in the Thai stock and bond markets since the beginning of 2022. Within one and a half months during 2021, foreign investors reverted their net selling position of THB48,577 million in Thai stocks to a net buying position of THB64,580 million. ... Read more

11 Feb 2022

Econ Digest

Steady increases in prices of goods in contrary to income caused the KR-ECI to fell to its record low in January 2022

Steady increases in prices of goods in contrary to income caused the KR-ECI to fell to its record low in January 2022... Read more

4 Feb 2022

Econ Digest

Pharmaceutical industry in 2022 expected to grow 3-5% despite improved COVID-19 situation

The spread of the Omicron variant of COVID-19 is likely to affect the recovery of the business sector and the purchasing power of households in contrast to the continuously increasing cost of living, including prices of meat, eggs and vegetable oil. The pharmaceutical industry is one of the key indu... Read more

25 Jan 2022

Econ Digest

Which measure best meet the needs of consumers in an era of high prices?

The spread of the Omicron variant strain tends to affect the recovery of the business sector and the purchasing power of households, in contrast to the rising cost of living for meat, eggs, vegetable oil, energy and utility bills such as electricity prices. KResearch survey results show that Bangkok... Read more

24 Jan 2022

Econ Digest

Thailand’s exports continued to grow strongly by 24.2% in December 2021, with full-year growth coming in at 17.1%. The recovery of the global economy is expected to boost Thai exports growth by3.5%-4.3% in 2022

Thailand’s exports continued to grow strongly by 24.2% in December 2021, with full-year growth coming in at 17.1%. The recovery of the global economy is expected to boost Thai exports growth by3.5%-4.3% in 2022... Read more

11 Jan 2022

Econ Digest

Thailand’s household debt increased in 3Q21 to enhance liquidity and cover expenses

The latest Bank of Thailand household loan data reflects signs of more prudent borrowing in 3Q21, in line with the economic situation still hit by the COVID-19 pandemic, despite Thai households taking on more debt. As of 3Q21, Thailand’s outstanding household debt stood at THB14.35 trillion, up by 4... Read more

10 Jan 2022

Econ Digest

Thai government plans to implement salt tax based on consumer health concerns…A challenge to business operators

Thai government plans to implement salt tax based on consumer health concerns…A challenge to business operators ... Read more

7 Jan 2022

Econ Digest

Free trade deal RCEP comes into force on January 1, 2022, to boost regional trade and investment

Free trade deal RCEP comes into force on January 1, 2022, to boost regional trade and investment ... Read more

5 Jan 2022

Econ Digest

Metaverse in Manufacturing Industries…How to Improve Efficiency in the Real World?

Recently , the concept of the ‘metaverse’ has been attracting more attention worldwide. Operators planning to utilize the metaverse in their businesses are primarily focused on seeking new forms of business opportunities in the consumer market, whether it is a new retail sales channel or a new form ... Read more

5 Jan 2022

Econ Digest

“Highlight selling points, create strong points, adapt to the environmental protection trend” adjustment opportunities for tourism operators

Changes in consumers as a result of global awareness and concern for environmental issues has necessitated adjustments in the travel industry to better meet consumer needs and environmental trends for tourists. In addition, the COVID-19 pandemic has also prompted tourists to pay more attention to ec... Read more

30 Dec 2021

Econ Digest

US strengthens ties with EU to resolve steel and aluminum tariff dispute

The agreement between the United States (US) and the European Union (EU) to resolve the steel and aluminum tariff dispute on October 31, 2021, reflects a turning point for the US to reshape its international relations. Under the agreement, tariffs imposed under Section 232 on steel and aluminum prod... Read more

27 Dec 2021

Econ Digest

Bangkok residents to celebrate the Year of the Tiger with an estimated spending of THB30.5 billion

Bangkok residents to celebrate the Year of the Tiger with an estimated spending of THB30.5 billion... Read more

24 Dec 2021

Econ Digest

The MPC holds policy rate steady at 0.5% to support economic growth amid increasing risks from COVID-19 Omicron variant

The MPC holds policy rate steady at 0.5% to support economic growth amid increasing risks from COVID-19 Omicron variant ... Read more

22 Dec 2021

Econ Digest

Thai exports surged 24.7% in November 2021…Next year’s exports expected to continue to grow by 3.5-4.3% amid risk factors to be monitored

Thai exports surged 24.7% in November 2021…Next year’s exports expected to continue to grow by 3.5-4.3% amid risk factors to be monitored... Read more

22 Dec 2021

Econ Digest

MPC Meeting on December 22, 2021: Policy rate likely to remain unchanged at 0.50% amid uncertainties of COVID-19 Omicron variant

MPC Meeting on December 22, 2021: Policy rate likely to remain unchanged at 0.50% amid uncertainties of COVID-19 Omicron variant ... Read more

20 Dec 2021

Econ Digest

The FOMC meeting on December 14-15, 2021, turned out as market expected…the Fed decided to accelerate its QE tapering program to end by March 2022 and signaled three rate hikes next year.

The FOMC meeting on December 14-15, 2021, turned out as market expected…the Fed decided to accelerate its QE tapering program to end by March 2022 and signaled three rate hikes next year.... Read more

15 Dec 2021

Econ Digest

The Fed is expected to signal faster monetary policy tightening at the FOMC meeting on December 14-15, 2021

The Fed is expected to signal faster monetary policy tightening at the FOMC meeting on December 14-15, 2021... Read more

7 Dec 2021

Econ Digest

The outlook of Thailand’s economy and financial sector under the COVID-19 Omicron variant

The outlook of Thailand’s economy and financial sector under the COVID-19 Omicron variant... Read more

24 Nov 2021

Econ Digest

Full service restaurant business in 2022, back to life thanks to relaxation of lockdown measures

Full service restaurant business in 2022, back to life thanks to relaxation of lockdown measures ... Read more

23 Nov 2021

Econ Digest

What if Thailand joins CPTPP following China, and the difference between CPTPP and RCEP (under the assumption that Thailand and China become members of both agreements)

What if Thailand joins CPTPP following China, and the difference between CPTPP and RCEP (under the assumption that Thailand and China become members of both agreements)... Read more

8 Nov 2021

Econ Digest

MPC Meeting on November 10, 2021: Policy rate likely to remain unchanged at 0.50% amid increasing positive economic factors

MPC Meeting on November 10, 2021: Policy rate likely to remain unchanged at 0.50% amid increasing positive economic factors... Read more

5 Nov 2021

Econ Digest

Fed announces its QE tapering plan as expected but remains in no rush on policy rate hikes

Fed announces its QE tapering plan as expected but remains in no rush on policy rate hikes... Read more

4 Nov 2021

Econ Digest

China’s economic growth slows to 4.9%YoY in the third quarter of 2021…Full-year growth projected at 7.5-8%YoY

In the third quarter of 2021, China’s economy faced a wide range of economic issues. Limited stimulus packages were introduced, resulting in a slowdown in the country’s economic growth to 4.9%YoY, following year-on-year growth of 18.3% and 7.9% in the first and second quarter respectively. ... Read more

2 Nov 2021

Econ Digest

Revealing the tricks! Luring...deluding...hacking information through mobile phone/online shopping

In the cyber world around us today, every time we go online or click on any link, it may not end up with us getting the information we want to access. If you fall into a scammer’s trap, the loss may not be limited to the money in your account; your personal information may be used to create fake acc... Read more

26 Oct 2021

Econ Digest

Relaxed Measures Allow an LTV Ratio of 100%... Measures to Cushion the Impact of Covid-19 Outbreak Affect the Recovery of the Real Estate Industry

Relaxed Measures Allow an LTV Ratio of 100%... Measures to Cushion the Impact of Covid-19 Outbreak Affect the Recovery of the Real Estate Industry ... Read more

18 Oct 2021

Econ Digest

Thailand’s Smart Factory Solutions Business… moving into the future

In 2021, the world economy is gradually recovering. The Smart Factory Solutions (SFS) market in Thailand rebounded to grow by 10.3%. This has been boosted by demand from large companies forced to make adjustments to lessen their dependence on manual labor, and the proactive investment of Chi... Read more

15 Oct 2021

Econ Digest

Cyber Threat! Shoppers should know.... Sellers beware

Advanced technology has changed the way transactions are conducted, from in-store transactions to online transactions. Scammers likewise continue to rip people off, moving from direct and sneaky deceptions such as picking pockets, scamming and money cheaters to remote fraud that is hard to catch. He... Read more

15 Oct 2021

Econ Digest

September 2021 KR-ECI increased, thanks to the relaxation of lockdown restrictions

The COVID-19 outbreak in September began to stabilize, resulting in the relaxation of some outbreak control measures. This led to an increase in the KR-ECI in September from 33.0 in August to 36.6, in line with an increase in the 3-month Expected KR- ECI to 38.4 from 35.5 in August, as households he... Read more

14 Oct 2021

Econ Digest

E-commerce market value expected to surge over 30% in 2021, purchasing power and competition remain tough challenges for operators

KResearch projects that the turnover of online platforms or B2C E-commerce (products only) will likely expand by 30%YoY in 2021 to approximately THB 300 billion. Supporting factors include the COVID-19 pandemic, which has altered consumer behaviors including the number of buyers and product diversit... Read more

12 Oct 2021

Econ Digest

Consumers are willing to pay for eco-friendly products and services

Consumers are willing to pay for eco-friendly products and services... Read more

5 Oct 2021

Econ Digest

Thailand’s residential property market remains weak in 2021

Since the beginning of 2021, most residential property developers have postponed the launch of their new projects due to unfavorable market conditions and a large accumulation of unsold residential units, forcing operators to adapt their business strategies to the market conditions. According to the... Read more

1 Oct 2021

Econ Digest

The Baht weakens in response to the Fed’s signals to start tapering QE in November 2021 and end it around mid-2022, while assessing the timing of rate hike

At its meeting on September 21-22, 2021, the Federal Reserve (Fed) held its policy rate steady at 0.00-0.25% and kept the QE scale unchanged. However, the Fed Chairman has signaled that the Fed is likely to begin scaling back its asset purchases via the QE measure in November 2021 and to end it by m... Read more

30 Sep 2021

Econ Digest

Strong recovery of Indian economy is expected to boost Thai exports to India in 2021 to surge 40%

India’s economy grew at a record rate of 20.1%YoY in the second quarter of 2021 despite facing severe Delta Variant COVID-19 outbreak. Aside from this, India was the fifth-largest FDI recipient in 2020. These data reflect that India is stepping up to play a role in world’s production, as it becomes ... Read more

30 Sep 2021

Econ Digest

Export sector…A key driver for Thai economy in 2021, Full-year growth projected at 12.4%

In August 2021, the COVID-19 outbreak became worse as the highly contagious Delta variant spread across several Asian countries, affecting economic activity and manufacturing sectors, and forcing a slowdown in export growth. This resulted in an 8.93% increase in Thailand’s exports in August, down fr... Read more

21 Sep 2021

Econ Digest

The Fed is expected to hold its policy rate steady at 0.0-0.25% and may not announce QE tapering during its meeting on September 21-22, 2021

The Fed is expected to maintain its policy rate within a range of 0.0-0.25%, and may not announce its QE tapering program at the upcoming Federal Open Market Committee meeting on September 21-22, 2021. In this case, there will be no change from what the market has already anticipated: that the Fed w... Read more

16 Sep 2021

Econ Digest

Mooncake market still sluggish and may contract 5.7%YoY in 2021

The atmosphere for spending on mooncakes may not recover this year. KResearch assesses that the 2021 turnover in the mooncake business may shrink 5.7% to approximately THB755 million, against the contraction of 15.8% reported for 2020, due mainly to the decline in sales volume. Mooncake makers that ... Read more

14 Sep 2021

Econ Digest

Home care services: Option during COVID-19

KResearch assesses that spending on home care services in Thailand will likely reach THB2.2-2.3 billion during 2021, representing a growth of 2.4%YoY. Although the market is being supported by an additional number of service providers, a more diverse range of services and the COVID-19 pandemic, whic... Read more

9 Sep 2021

Econ Digest

The rising number of COVID-19 cases is set to generate double the amount of infectious waste compared with pre-COVID-19 periods

The persistent COVID-19 pandemic in Thailand and the rising number of daily cases are set to generate an increased amount of infectious waste during the remainder of 2021. KResearch projects that the amount of infectious waste, mostly stemming from disease prevention and control, will reach roughly ... Read more

3 Sep 2021

Econ Digest

Export value of Thai mangosteens in 2021 is expected to grow 14.6-18.8%

The export value of Thai mangosteens during the first 7 months of 2021 grew by 21.8% from the same period last year. Although export volumes have declined due to a supply disruption caused by a shortage of labor to harvest produce as a result of the Covid-19 outbreak, the output to the market during... Read more

31 Aug 2021

Econ Digest

5 Thai crops that should be promoted for the processing of plant-based alternative protein products

Alternative proteins have become the food trend of the future as more health-conscious and environmentally-conscious consumers turn to meat substitutes. KResearch is of the view that Thailand has numerous crops that can be processed into plant-based protein foods of the future, namely green beans, s... Read more

26 Aug 2021

Econ Digest

Market for home medical and assistive living devices for the elderly…growing with the aging society

KResearch projects that the value of home medical and assistive living devices for the elderly in Thailand will be between THB8-9 billion in 2021, accounting for 8-10% of the total value of Thailand’s medical equipment and devices market. Most of the market value will come from the commercial secto... Read more

25 Aug 2021

Econ Digest

Export growth hit 11-year high in July 2021… Full-year growth projected at 12.4%

Thai exports maintained strong growth in July 2021 at 20.27%YoY, the highest in 11 years and above the market forecast of 19.7%YoY. Export growth during the first seven months of 2021 was 16.2%, in line with other countries in the region, ... Read more

17 Aug 2021

Econ Digest

KR-ECI Continues to Fall Below 2020 Lockdown Period Levels

As of July 2021, KR-ECI drops to 34.7, down from 35.1 during the nationwide lockdown in April 2020. The 3-month Expected KR-ECI slipped to 36.6 from 38.9 in June 2021, indicating that Thai households remain concerned about the economy and making ends meet, especially in terms of income and e... Read more

16 Aug 2021

Econ Digest

Prolonged COVID-19 causes private hospitals reliant on medical tourism to encounter difficulty

Thailand was a leader in the medical tourism market in Asia before COVID-19 emerged. The number of medical tourists, especially those coming for health check-ups, cosmetic surgery, dentistry, orthopedic surgery and cardiac surgery, was on a rising trend. Medical tourism generated medical revenue of ... Read more

11 Aug 2021

Econ Digest

U.S.-China Competition: Evolving from protectionist measures to legal tools in the race for global leadership in the new era

U.S.-China Competition: Evolving from protectionist measures to legal tools in the race for global leadership in the new era ... Read more

11 Aug 2021

Econ Digest

Understand What Makes a “Gen Z” First Jobber

Understand What Makes a “Gen Z” First Jobber ... Read more

3 Aug 2021

Econ Digest

The MPC likely to keep the policy rate steady at 0.5% at its August 4 meeting, to preserve policy space in case of further economic deterioration.

KResearch expects the Monetary Policy Committee (MPC) to keep the policy steady at 0.5% at its meeting on August 4, 2021 to support Thailand’s economic recovery. Due to the rising risk of the COVID-19 pandemic and the soaring number of infections, the government must extend and adopt stricter contai... Read more

2 Aug 2021

Econ Digest

Health tech: business opportunity amid health trend and aging society

KResearch views that spending on health tech in Thailand remains modest at around THB 300-400 million in 2021. However, in line with the shift to an aged society in Thailand and consumers trends that favor preventive health behaviors, the COVID-19 pandemic has quickly elevated the role of technology... Read more

29 Jul 2021

Econ Digest

Global economic recovery may boost Thailand’s exports to grow 11.5% in 2021

In June 2021, Thai exports hit their highest level in 11 years with robust growth of 43.82%YoY, above market expectations of 38.1% growth. While Thai exports in the first half of 2021 grew 15.53% YoY, the level was not high in comparison to the export growth of other regional countries, w... Read more

23 Jul 2021

Econ Digest

Snack business in 2021 faces eroding consumer purchasing power and soaring cost

KResearch projects that the market value of snack business will reach THB37.5 billion in 2021, representing a contraction of 4.0%YoY, against the 2.6% growth reported for 2020, due to the prolonged COVID-19 pandemic has caused consumers to be thrift and spend cautiously. As snacks are generally perc... Read more

21 Jul 2021

Econ Digest

Trade Protectionism Rises, US Imposes AD/CVD Duties on Thai Tires

Trade protectionism is on the rise. On June 24, 2021, the U.S. Department of Commerce, after a final hearing, announced the imposition of antidumping duty (AD) and counter-vailing duties (CVD) on passenger vehicle tires (HS4011.10) and light truck tires (HS4011.20.1005 and HS4011.20.5010) from South... Read more