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Econ Digest

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

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

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

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

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

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

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

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

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

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

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

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

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

19 Jul 2021

Econ Digest

COVID-19 outbreak drags down Thailand’s GDP growth forecast in 2021 to 1.0%

KResearch has revised the growth forecast for the Thai economy in 2021 down to 1.0%, from its previous forecast of 1.8%, because a more severe COVID-19 outbreak than previously estimated would lead to the need for stricter COVID-19 containment measures, with more of a negative impact on business sec... Read more

14 Jul 2021

Econ Digest

The Baht continues to weaken and could hit THB33.00 per USD before year-end 2021

The Baht has weakened sharply, as authorities have had to cope with the Delta variant amid heightened risks from the third wave of the COVID-19 pandemic that has proven to be difficult to control. The Baht hit a 15-month low at THB32.73 per USD during trading sessions on July 9, 2021, and risks pose... Read more

13 Jul 2021

Econ Digest

KR-ECI on the decline, reflecting that Thai households are concerned about the rising cost of living

The KR Household Economic Condition Index (KR-ECI) 2021 fell from 37.3 in May to 36.7 in June, while the 3-month Expected KR-ECI in June 2021 also dropped from 39.4 to 38.9 over the same period, suggesting that households were still concerned about the rising cost of living. Uncertainties about COVI... Read more

8 Jul 2021

Econ Digest

Export value for Thai durian hit record high as the demand from Chinese market is still strong

The export value of Thai durian reached a monthly record high of USD934.9 million in May 2021, with growth of 95.3%YoY, ranking in second place among Thailand’s key export agricultural products. Going forward, there will still be more opportunities to set new records. Thai durian has performed well ... Read more

1 Jul 2021

Econ Digest

China’s role in post-pandemic CLMV amid ongoing intense economic influence

China’s economic role in the CLMV has substantially increased over the past years, particularly in trade via a number of strategies, aimed at building its economic influence both physical connectivity and institutional connectivity, which has contributed to the acceleration of trade between CLMV and... Read more

30 Jun 2021

Econ Digest

One month of partial lockdown in six provinces may cause a net loss of at least THB40 billion

The government has announced partial lockdown measures, including the prohibition of construction work, primarily at large construction projects for at least 30 days in the maximum and strict controlled zones (dark red) of six provinces, namely Bangkok, Nakhon Pathom, Nonthaburi, Pathum Thani, Samut... Read more

29 Jun 2021

Econ Digest

ตลาดซื้อบ้าน ฟุบต่อปีที่ 3 “แผนกระตุ้นฯ-โควิด-วัคซีน” ตัวแปรการฟื้นตัว

คาดกิจกรรมการซื้อที่อยู่อาศัยในกรุงเทพฯและปริมณฑลปี 2564 หดตัวต่อเนื่องเป็นปีที่ 3 โดยมีตัวแปรการฟื้นตัวที่สำคัญคือสถานการณ์โควิด19 ความคืบหน้าในการฉีดวัคซีน และแผนกระตุ้นเศรษฐกิจ ... Read more

28 Jun 2021

Econ Digest

CLMV Countries may enjoy varying benefits from global economic recovery

The International Monetary Fund (IMF) has revised upward its 2021 growth forecast for the global economy to 6.0% from the prior estimate of 5.5% to reflect its optimism on solid recovery in post-pandemic 2021. The recovery will be led by large economies, particularly the US and China, which may in t... Read more

25 Jun 2021

Econ Digest

ส่งออก แรงขับเคลื่อนหลัก เศรษฐกิจไทยปี 64 เดือน พ.ค. ขยายตัวสูงสุดในรอบเกือบ 11 ปี คาดทั้งปีโต 9.0%

ส่งออกไทยเดือนพ.ค. 64 ขยายตัวสูงสุดในรอบเกือบ 11 ปีที่ 41.59% YoY และเมื่อหักสินค้าเกี่ยวเนื่องกับน้ำมัน ทองคำ และอาวุธ ยุทธปัจจัย ส่งออกไทยเดือนพ.ค. ขยายตัวที่ 45.87% YoY ส่งผลให้การส่งออกไทย 5 เดือนแรกปีนี้ขยายตัว 10.78% YoY และเมื่อหักสินค้าเกี่ยวเนื่องกับน้ำมัน ทองคำ และอาวุธ ยุทธปัจจัย การส่งออ... Read more

24 Jun 2021

Econ Digest

Nano-finance business in 2021 slowed down by COVID-19 pandemic, waiting for economic recovery

Nano-finance has continued to grow since its first launch in 2015 but slowed down in 2020 due to the COVID-19 outbreaks. The major credit providers have suspended new lending due to the costs of customer screening and debt collection, resulting in a reduction in outstanding loan balance to THB17,441... Read more

22 Jun 2021

Econ Digest

MPC is expected to hold interest rate unchanged at 0.5%

KResearch expects that the Monetary Policy Committee (MPC) will keep its policy rate on hold at 0.50% during the meeting on June 23, 2021, in order to support Thailand's economic recovery amid low inflationary pressures. The Thai economy remains fraught with risks from the COVID-19 outbreak with a c... Read more

18 Jun 2021

Econ Digest

COVID-19 pandemic reverses global supply chain: foreign investment flows to Thailand is expected to increase by USD1.1-1.4 billion

The global outbreak of COVID-19 and the intensifying trade and technology wars between the US and China have prompted multinational companies in various industries to recognize the vulnerability of the global supply chain and to diversify the concentration risk in China. ... Read more

16 Jun 2021

Econ Digest

The Fed is expected to hold its policy rate steady at 0.0-0.25% during its meeting on June 15-16, 2021

KResearch projects that the Federal Reserve (Fed) will maintain its policy rate within the range of 0.0-0.25% at its meeting on June 15-16, 2021. ... Read more

15 Jun 2021

Econ Digest

Chinese carmakers’ gradual investment in Thailand set to create opportunities to expand export markets for cars made in Thailand

KResearch has assessed that Thai car exports in 2021 should improve from the previous year, thanks to the economic recovery of major trading partners in Oceania and Asia. At the same time, an increasing number of Japanese car manufacturers are using Thailand as a production base for export markets, ... Read more

10 Jun 2021

Econ Digest

Auto chip shortage…Automakers adjust plans to slow down production of over 44,000 vehicles in Thailand

Since the end of 2020, the global automotive industry has continued to experience chip shortages, mainly stemming from the structural vulnerability of the automotive chip manufacturing industry. Multiple reasons for fluctuation in chip supply and demand have added to the shortage, including COVID-19... Read more

9 Jun 2021

Econ Digest

Time for adjustment! The national EV strategic plan could drive the Thai automotive industry to become a ZEV production base

The National Electric Vehicle Policy Committee has set a challenging new target to achieve 100% of Thailand’s total vehicle production capacity as zero-emission vehicles (ZEVs) within 2035, to establish Thailand as one of the world’s key ZEV production bases. KResearch expects that this move will su... Read more

2 Jun 2021

Econ Digest

Unlock hemp and expand opportunities for beverage industry

After the Thai government approved the commercial use of hemp, effective from March 29, 2021, downstream industries have welcomed the decision and accelerated the planning of utilization and development of value-added products utilizing hemp. In particular, the food and beverage market has begun to ... Read more

1 Jun 2021

Econ Digest

“New School Year” made parents worried,educational expenses during the 2021 may shrink by 6.6%

KResearch recently conducted a survey on views of parents towards the ongoing COVID-19 pandemic during the 2021 school year. The poll was made on a random sample of 600 persons in the Bangkok Metropolitan area. The survey suggests that 88.5% of the parents are concerned and have no confidence if the... Read more

31 May 2021

Econ Digest

Demand for liquidity in public and private sectors accelerates in 2021, but remains manageable

While the COVID-19 outbreak will continue to prolong and delay the economic recovery, factors affecting liquidity in Thailand’s financial system are increasing this year, both from the government’s need to increase spending to support the economy and from private funding through corporate bonds and ... Read more

28 May 2021

Econ Digest

Build a savings portfolio to beat inflation

Thailand’s inflation data began to rise in April 2021, causing many parties to pay more attention to this issue as it comes at a time when the economy has not recovered yet. The headline inflation (CPI) rose to 3.41% in April this year, in line with inflation trends of many countries, although the a... Read more

27 May 2021

Econ Digest

Sweetness remains, Thailand’s sugar tax hike on hold this October

Competition in the beverage industry has continued to intensify recently, as evidenced by the launch of new products and the entry of new operators, which have affected the overhead costs of business. In addition, the global uncertainty surrounding the COVID-19 situation and the new wave of COVID-19... Read more

24 May 2021

Econ Digest

Additional borrowing decree of THB700 billion to enhance flexibility for the government to revitalize economy

The Cabinet recently has resolved to approve an executive decree to borrow an additional THB700 billion on the top of the previous THB1 trillion loan. This additional borrowing decree will help enhance the government’s flexibility to revitalize the country’s economy. The actual use of the new loan w... Read more

21 May 2021

Econ Digest

Rising inflation in contrast to weak economy affects real returns from savings and investments

Like many countries around the world, Thailand is now facing accelerating inflation. Thailand’s inflation rose 3.41%YoY in April 2021, which accelerated from -0.08%YoY in March 2021. Although the rising inflation in April 2021 was caused by the low base from last year due to the impact of the first ... Read more

20 May 2021

Econ Digest

Thai economy shrinks for the fifth consecutive quarter; relief measures remain important to alleviate household expense burdens

The Thai economy in the first quarter of 2021 shrank 2.6%YoY, less than the market forecast of -3.3%, driven mainly by the global economic recovery and domestic stimulus packages.... Read more

19 May 2021

Econ Digest

The Fed may need to implement QE tapering ahead of schedule as US inflation surges above market forecast

US inflation surged above market forecasts in April 2021: headline inflation rose 4.2%YoY while core inflation reached 3.0%YoY. Such increases were driven by improving domestic demand following accelerated vaccination efforts and continuous issuance of stimulus packages. On the other hand, supplies ... Read more

18 May 2021

Econ Digest

Third COVID-19 outbreak boosts growth in mobile banking and e-wallet transactions

The COVID-19 outbreak has accelerated the growth of mobile banking and e-wallet transactions. A survey conducted by KResearch found that Thai consumers conduct funds transfers and payments for goods and services 19 times per week via mobile banking and e-wallet applications, up from 17 times per wee... Read more

14 May 2021

Econ Digest

President Biden’s first 100 days: US economy set for strong recovery that Attract World Attention

On April 29, 2021, President Biden's 100th day address to the US Congress also holds significance for solving the COVID-19 crisis to restore the US economy, fiscal policy and international policy,especially stance towards China.... Read more

11 May 2021

Econ Digest

The third wave of COVID-19: A variable that may cause Thailand’s car sales to shrink 1.5% in 2021

KResearch expects that the third wave of the COVID-19 outbreak will cause domestic car sales in the second quarter of 2021 to be 150,000-155,000 units... Read more

10 May 2021

Econ Digest

Agricultural product prices likely be pressured by supply glut and the impact of COVID-19 during the remainder of 2021

Agricultural product prices in the first four months of 2021 were mostly favorable, especially the prices of rubber, cassava, sugar cane and oil palm, reflecting through Agricultural Price Index that rose approximately 10.4%. Supportive factor was the demand both at home and abroad despite facing th... Read more

5 May 2021

Econ Digest

Two Waves of COVID-19 may slash Thailand’s 2021 Inbound Tourists to 2.5 hundred thousand-1.2 million

KResearch projects that the two waves of COVID-19 within three months will have caused Thailand's number of inbound tourists to drop to 35,000 in the first half of 2021. Other pressure factors include the postponement of the tourism re-opening plan, limited availability of COVID-19 vaccines in Thail... Read more

4 May 2021

Econ Digest

MPC meeting on May 5, 2021: Policy rate to be maintained at 0.5%

KResearch expects that the Monetary Policy Committee (MPC) will keep its policy rate steady at 0.50% during the meeting scheduled for May 5, 2021 to support economic recovery... Read more

28 Apr 2021

Econ Digest

Consolidated financial statements of 9 banks in 1Q21 show that income from core businesses has yet to recover

KResearch has compiled key financial data from the consolidated financial statements of 9 commercial banks and their subsidiaries for the first quarter of 2021. The results reveal that these commercial banks and their subsidiaries recorded a net profit of THB46.071 billion, or a growth of 47.4%QoQ c... Read more

27 Apr 2021

Econ Digest

Thai exports grew by 2.27% in 1Q21, supported by global economic recovery, and are expected to grow by 7.0% for the whole year

Thai exports grew by 2.27% in 1Q21, supported by global economic recovery, and are expected to grow by 7.0% for the whole year ... Read more

27 Apr 2021

Econ Digest

The Fed is expected to maintain policy rate of 0.0-0.25%at its meeting on April 27-28, 2021, and to maintain an accommodative monetary policy for the rest of the year.

KResearch projects that the Federal Reserve (Fed) will maintain its policy rate within the range of 0.0-0.25% at its meeting on April 27-28, 2021. While the US economy has shown signs of recovery following expedited vaccination efforts, with business activities able to return to normal amid the cons... Read more

26 Apr 2021

Econ Digest

Let’s plant hemp while waiting for cannabis to be unlocked

The Thai government has removed particular parts and extracts of cannabis and hemp from its list of illegal drugs (except for cannabis inflorescences and seeds), effective from December 15, 2020 onwards. This move has sparked widespread interest both from consumers and producers, and has brought up ... Read more

23 Apr 2021

Econ Digest

The share of Thailand’s xEV sales will account for more than half of total automobile sales in less than 10 years

Thailand's xEV vehicle registration in the first two months of 2021 was 9,164 units, or a growth of 42.6%YoY. KResearch expects that if the new outbreak of COVID-19 can be contained, in tandem with automobile manufacturers’ market promotion for xEVs being in the range of lower than THB1 million, the... Read more

23 Apr 2021

Econ Digest

Political turmoil may cause Myanmar’s economy to contract 8.5% in 2021

Amid positive signs seen in the global economic recovery, Myanmar is experiencing political turmoil at home. The country's image in the eye of Western nations is at peril after the US suspended the Trade and Investment Framework Agreement (TIFA) that it had entered into with Myanmar in 2013. This me... Read more

22 Apr 2021

Econ Digest

Chinese economy in 1Q21 grew 18.3%YoY, thanks to a low base in the previous year

China's economy in 1Q21 grew 18.3%YoY, this surge was primarily attributed to a low base in 1Q20. On a QoQ basis, which may better depict the present economic growth, China's economy grew by a mere 0.6% due to the fragility of private consumption, the uneven recovery of the manufacturing sector and ... Read more

21 Apr 2021

Econ Digest

Thailand’s 2021 GDP growth projected to slip to 1.8% due to the new wave of COVID-19

KResearch projects that the Thai economy will grow at slow rate of only 1.8% in 2021, against prior estimate of 2.6%, because the current COVID-19 pandemic in the country is much worse than the previous one. The increased concern over the domestic COVID-19 situation has prompted consumers to adjust ... Read more

20 Apr 2021

Econ Digest

Third Wave of COVID-19... Expected to Cause Loss of THB130 billion in Thailand’s Domestic Tourism Revenue

The latest figures from the Ministry of Tourism and Sports show that domestic tourism in Thailand surged by more than 30% in February 2021 compared to January 2021, when the country was hit hard by the second wave of COVID-19. Thailand’s domestic tourism market was again hit hard by the third outbre... Read more

19 Apr 2021

Econ Digest

COVID-19 vaccines will determine Thailand’s future

Thailand has reported a record daily rise in confirmed COVID-19 cases for several consecutive days after entering a new wave of the pandemic. On April 16, 2021, Thailand’s COVID-19 reproduction rate set a record high at 2.28%, which was higher than the world’s average rate at 1.11% and was also high... Read more

16 Apr 2021

Econ Digest

Third wave of epidemic affects confidence in household economic conditions

The KR-ECI rebounded to 40.4 in March 2021 from 39.5 in February 2021 due to the easing of outbreak control measures prompted by the improving COVID-19 situation, with the cancellation of all red zones and with all restaurants and entertainment venues being allowed to operate during specified shorte... Read more

12 Apr 2021

Econ Digest

Hit by COVID-19,Vietnam’s economy in 1Q21 grew below expectations

Vietnam's economy in 1Q21 grew 4.48 percent YoY, below expectations, owing to the impact of COVID-19 outbreak in early 2021. As a result, domestic consumption and economic activity have only seen limited recovery. Likewise, foreign direct investment (FDI) has also experienced a slowdown, particular... Read more

8 Apr 2021

Econ Digest

Songkran 2021: Bangkok residents are more careful with spending, gravitating towards celebrating at home

KResearch projects that Bangkok residents will spend an average of THB5,700 per person during Songkran in 2021 (based on a 6-day average), resulting in a total spending of THB24 billion, at a 4.0% contraction compared to Songkran in 2019 (Songkran in 2020 was postponed). Consumers remain concerned a... Read more

5 Apr 2021

Econ Digest

Persistently High Household Debt is expected in 2021 at 89-91% of GDP

According to the latest report on loans to household in 4Q20, household debt exceeded THB14 trillion as of the 2020 year-end, which is the highest ever recorded in 18 years. This figure amounts to 89.3 percent of 2020 GDP. In terms of growth, outstanding household debt, however, grew only 3.9 percen... Read more

1 Apr 2021

Econ Digest

Technology in restaurant business: The helper that goes beyond business fundamentals

The application of technologies in restaurant businesses: only paying attention to business fundamentals is not enough to cope with the rapidly changing business environment.... Read more

30 Mar 2021

Econ Digest

Do you know which Thai import and export commodities need to pass through the Suez Canal?

The Suez Canal is a fast channel for ocean cargo transportation between Asia and Europe which can save fuel costs and shorten transit time between the two regions. The incident in which the Ever Given, a huge cargo ship, ran aground on the Suez Canal causing a channel blockage will have a serious i... Read more

25 Mar 2021

Econ Digest

Lira depreciation crisis... stems from complicated issues

Lira depreciation crisis... stems from complicated issues... Read more

25 Mar 2021

Econ Digest

Thai economy has passed its most difficult time in 2021...although has not yet fully recovered, while businesses may face rising costs

Thai economy has passed its most difficult time in 2021...although has not yet fully recovered, while businesses may face rising costs ... Read more

23 Mar 2021

Econ Digest

MPC Meeting on March 24, 2021: The MPC is expected to hold policy rate at 0.5% and focus on measures that effective address the issues rather than a policy rate cut

KResearch assesses that the Monetary Policy Committee (MPC) will likely keep its policy rate steady at 0.50% during the meeting scheduled for March 24, 2021 ... Read more

16 Mar 2021

Econ Digest

The Fed is expected to maintain policy rate at 0.0-0.25% during its meeting on March 16-17, 2021, aimed at supporting economic recovery

KResearch assesses that the US Federal Reserve (Fed) will likely maintain its policy rate at 0.0-0.25% during the upcoming FOMC meeting that is slated for March 16-17, 2021. Although the US economy exhibits signs of recovery, it may take a while to fully bounce back, thus prompting the Fed to keep i... Read more

10 Mar 2021

Econ Digest

Recovery in Global Automotive Market and 5G Booming: Supporting the Growth of Thai Chip Packaging Business

The COVID-19 pandemic over the past year has brought changes to the business sector and consumers, and prompted them to increasingly use digital technology in their businesses and daily life. At the same time, the transition to 5G technology and smart electrical appliances has been accelerated, thus... Read more

2 Mar 2021

Econ Digest

The "Dawei Port" and its impact on Thailand

Soon after Thai private companies were stripped of their concessions for the Dawei Deep Sea Port Project, the Myanmar military seized power over their civilian government, resulting in changes in the political landscape in Myanmar and creating a new business contender. What will be the impact to Tha... Read more

24 Feb 2021

Econ Digest

Thai exports in January 2021 grew in line with the global economy, 2021 Thai exports expected to grow at 3.0%

Thailand's outward trade posted steady growth over-month in January 2021 as the global economy began to recover. Excluding gold, Thai exports increased 6.3%, suggesting stronger demand for Thai products abroad, in particular automotive accessories, which surged 18.8%YoY. Shipments of work-from-home ... Read more

19 Feb 2021

Econ Digest

Thai stock market rises but volatile…Foreign fund flows are key variables

The stock market’s rise in response to volatility along with foreign investors holding net selling positions is not unique to the Thai stock market, as several Asian stock markets including Malaysia, the Philippines, South Korea, Taiwan and Vietnam are also under pressure from foreign sell-offs. ... Read more

16 Feb 2021

Econ Digest

Thailand's policy interest rate lowered to near 0%, will QE be implemented in Thailand?

Quantitative easing (QE) is an unconventional form of monetary policy tool which is typically used by central banks of many countries and regions, including the United States, Europe, the UK and Japan, in helping address their economic woes after having to cut their policy interest rates to near 0%.... Read more

11 Feb 2021

Econ Digest

Bitcoin…An option for portfolio diversification?

Bitcoin…An option for portfolio diversification?... Read more