18 Sep 2020
Econ Digest
The Prime Minister’s Office has issued a proclamation of Prohibition on Sales of Alcoholic Beverages by Electronic Means B.E. 2563 on August 7, 2020, the main contents of which are: 1) It is prohibited for any person to sell alcoholic beverages or provide services related to alcoholic beverages dire... Read more
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17 Sep 2020
The KR Household Economic Condition Index (KR-ECI) in August 2020 and the 3-month Expected KR-ECI stood at 36.4 and 38.4 respectively, increased from the survey in July 2020, suggesting that the perception of households towards living conditions improved in line with the relaxation of lockdown measu... Read more
15 Sep 2020
KResearch expects that the Federal Reserve (Fed) will maintain its policy rate at 0.0-0.25% at its meeting during September 15-16, 2020, ... Read more
11 Sep 2020
The Chinese e-commerce market is the largest in the world with a value of around USD1.5 trillion in 2019, accounting for approximately 55% of the global e-commerce market value, and larger than the value of the US e-commerce market by two times. As the economy grows and purchasing power rises, Chine... Read more
9 Sep 2020
The Federal Reserve (Fed) Chairman Jerome Powell announced a major adjustment to monetary policy at the Economic Policy Symposium held in Jackson Hole on August 27, 2020. The Federal Open Market Committee (FOMC) has unanimously approved a shift in Longer-Run Goals and Monetary Policy Strategy, by ad... Read more
8 Sep 2020
The influence of the Sin Lagu and Higos storms during July and August caused continuous rain, flash flooding and floodwaters in many areas and resulted in damages in many provinces. KResearch views that the flooding in many of the northern and northeastern provinces of Thailand may not significantly... Read more
3 Sep 2020
The COVID-19 pandemic has affected the global automobile supply chain since the beginning of 2020, leading global automakers and parts manufacturers, especially Japanese automakers, to adopt new business models in order to reduce risks. Production has shifted from lean production that originally foc... Read more
1 Sep 2020
28 Aug 2020
KASIKORN RESEARCH CENTER (KResearch) views that the Thai economy may have seen its trough in the second quarter on a QoQ basis. GDP for 2020 is projected to see a 10-percent contraction. Meanwhile, the Thai economy is likely to show a U-shaped recovery compared to the same period of last year. The f... Read more
27 Aug 2020
In response to the food delivery business in Thailand, a new type of restaurant called Cloud Kitchen is undergoing a growth trend as food delivery becomes popular with consumers. This has been taking place especially during the spread of the COVID-19 pandemic, prompting an approximately 1.5-fold inc... Read more
26 Aug 2020
The “Everything But Arms” (EBA) preferential trade arrangement of the European Union (EU) has played a significant role in changing Cambodia’s trade structure, especially after the year 2011 when the EU relaxed the rules of origin for exports from Cambodia. Thanks to this arrangement, exportation fr... Read more
25 Aug 2020
Thailand’s exports during the first seven months of 2020 contracted 7.7% YoY, while the export value in July alone stood at USD18,819 million, shrinking 11.4% YoY. Excluding oil, gold and arms shipments, Thai exports, however, contracted 13.0% YoY. Gold exports reverted to growth in July in line wit... Read more
20 Aug 2020
Thailand will become a fully aged society [1] in 2024, becoming a super-aged society [2]within the next 12 years or in 2032. There will be a marketplace of products and services designed to make life easy and safe, specifically for those of the aging population with purchasing power or savings. The ... Read more
19 Aug 2020
As the new generation has shifted to a boom in consumption of alternative products in which the carbon dioxide emissions of production processes are reduced in the long term, such as biodegradable plastics and meat substitutes from plants/laboratories, etc., this business model has begun to attract ... Read more
18 Aug 2020
The Thai economy shrank by 12.2%YoY in 2Q20, which is better than the 13.0% to 17.0%YoY contraction projected by the market, thanks to the expansion of government spending and investment under various economic stimulus measures, especially the THB5,000 relief fund per head for 3 consecutive... Read more
14 Aug 2020
The crisis of the COVID-19 pandemic has continuously driven the growth of the number of users of social media applications, which are becoming the main channel for interaction between consumers while maintaining social distancing, and which result in a large amount of consumer information rapidly fl... Read more
13 Aug 2020
At the recent 43rd Session of Codex Alimentarius Commission meeting, the issue of improving food safety management in the food production chain were discussed, for which operators including upstream producers, processing plants, retail stores and restaurants must prepare, as CODEX is preparing to an... Read more
11 Aug 2020
The KR Household Economic Condition Index (KR-ECI) stood at 35.3 in July 2020, declining from 36.0 in June, because households were more concerned about debt burden, expenses and domestic prices of goods and services. Although the Bank of Thailand (BOT) has introduced the second phase of debt relief... Read more
6 Aug 2020
Due to the outbreak of the COVID-19 epidemic in Thailand, the government has imposed stringent measures to temporarily restrict the commercial sector from providing services, severely affecting the restaurant industry, only retaining takeaway channels with food being delivered to residences. As a re... Read more
4 Aug 2020
KResearch estimates that at the Monetary Policy Committee (MPC) Meeting on 5 August, the Committee will put the policy rate on hold at 0.50% to gauge the domestic economic conditions, especially for 2Q20 GDP which is expected to be the largest contraction of the year. If the economic contraction is... Read more
31 Jul 2020
Gluten-free foods are foods that do not contain the gluten protein found in wheat, barley and oats. Gluten ingestion affects the immune system of people who are allergic to this type of protein, known as a gluten allergy or celiac disease, causing abnormalities in the digestion system and in food ab... Read more
30 Jul 2020
Thailand is a major exporter of primary agricultural products in the world, but given the fluctuation of the prices of agricultural products while the global economy adapts to the new normal, the development of added value for agricultural products is an urgent task. The processing of agricultural p... Read more
29 Jul 2020
Thailand’s 2020 Environmental Performance Index (EPI) has risen to 78th in the world, up from 121st in 2018, which is better than the global average and better than similarly ranked countries such as China and the Philippines. However, with the current problems of PM 2.5 particulates, water and drou... Read more
27 Jul 2020
KResearch expects that the Fed will maintain its policy rate at 0.0-0.25 percent during the Monetary Policy Committee Meeting on July 28-29, 2020, as the measures previously implemented by Fed should be sufficient to support a US economy that shows weak tendencies and will take longer to recover. ... Read more
25 Jul 2020
The value of Thai exports in June 2020 stood at USD 16,444 million, shrinking 23.2 percent YoY. As a result, Thai exports contracted by 7.1 percent YoY during the first half of 2020 due to the severe impact of the COVID-19 pandemic and the enforcement of lockdown measures abroad, which resulted in w... Read more
24 Jul 2020
Digital lending is a loan service carried out through online platforms such as applications and websites, and which uses alternative data other than information from bank statements or income for credit approval while using AI technology or Big Data Analytics to speed up the credit approval process.... Read more
21 Jul 2020
The recent revocation of Hong Kong's special status by the United States on July 15, 2020, serves to reignite its ongoing trade feud with China, ahead of the 2020 United States presidential election. KResearch views that the United States has persistently exploited China's sensitive issues, utilizin... Read more
20 Jul 2020
The Chinese economy reverted to a growth of 3.2 percent YoY in 2Q20, versus the 6.8 percent YoY contraction reported for 1Q20, thanks to the government's effective measures in combating the coronavirus (COVID-19) pandemic, thus allowing economic activity in the country to return to normalcy. Its ind... Read more
17 Jul 2020
It has been almost two months since tensions between China and the US in regarding to China’s national security law for Hong Kong surfaced, provoking new global geopolitical risks. Recently, President Donald Trump signed an executive order ending preferential treatment for Hong Kong that had existed... Read more
16 Jul 2020
China’s digital currency development scheme is often viewed as a tool that can be used by Chinese authorities to reduce the influence of the US dollar (USD), while the COVID-19 pandemic has turned contactless payment systems into a factor that is accelerating the adaption of related parties, promoti... Read more
15 Jul 2020
The Ministry of Commerce held a meeting in June 2020 to revise the Announcement of the Ministry of Commerce on the Importing of Rice into the Kingdom of Thailand under the ASEAN Free Trade Agreement B.E. 2553 (2010), aiming to ensure that the import of rice into Thailand properly complies with the A... Read more
14 Jul 2020
KResearch conducted a survey on the living conditions of Thai households in June 2020, at which time the the COVID-19 outbreak in Thailand was continuously improving with no new domestic infection cases reported for months in a row, while the government had relaxed some preventive measures at differ... Read more
13 Jul 2020
The COVID-19 pandemic has not only disrupted the production of auto tires in the U.S., but has also led the affected United Steelworkers union to file anti-dumping petitions against imported tires from Thailand, South Korea, Vietnam and Taiwan, due to a significant increase in the importation of aut... Read more
9 Jul 2020
Although Thailand’s outstanding household debt fell in 1Q20 compared to the previous quarter, the household debt level remains high (80.1% of GDP), as households continue to take on large-sum debts, including loans for house purchases and auto purchases, in line with operators’ marketing campaigns t... Read more