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Econ Digest

11 Jul 2023

Econ Digest

KResearch maintains Thailand’s 2023 GDP growth forecast at 3.7% and sees the new government’s formation and China’s economic recovery as uncertain factors for the Thai economy in the second half of 2023

KResearch maintains Thailand’s 2023 GDP growth forecast at 3.7% and sees the new government’s formation and China’s economic recovery as uncertain factors for the Thai economy in the second half of 2023... Read more

17 Apr 2023

Econ Digest

Open the horizon of fiscal measures to stimulate the economy via funds transfer

Open the horizon of fiscal measures to stimulate the economy via funds transfer ... Read more

12 Apr 2023

Econ Digest

PM2.5 crisis could get worse if not addressed quickly

PM2.5 crisis could get worse if not addressed quickly... Read more

11 Apr 2023

Econ Digest

Despite surging car bookings at 2023 Bangkok International Motor Show, annual car sales still need to be monitored

Despite surging car bookings at 2023 Bangkok International Motor Show, annual car sales still need to be monitored ... Read more

11 Apr 2023

Econ Digest

KR-ECI fell in March 2023 as Thai households became more concerned about their debt service burden

KR-ECI fell in March 2023 as Thai households became more concerned about their debt service burden ... Read more

3 Apr 2023

Econ Digest

Thai rice and cassava prices projected to increase during 2023, supported by demand from China’s reopening

Thai rice and cassava prices projected to increase during 2023, supported by demand from China’s reopening... Read more

28 Mar 2023

Econ Digest

Amid reduced inflationary pressure, the MPC is expected to raise its policy rate by 0.25% to 1.75% at its meeting on March 29, 2023, possibly the last rate hike in this cycle

Amid reduced inflationary pressure, the MPC is expected to raise its policy rate by 0.25% to 1.75% at its meeting on March 29, 2023, possibly the last rate hike in this cycle ... Read more

17 Mar 2023

Econ Digest

Housing market in 2023…Respondents intend to purchase homes, but will change their plans in line with economic conditions

Housing market in 2023…Respondents intend to purchase homes, but will change their plans in line with economic conditions... Read more

15 Mar 2023

Econ Digest

China’s “Two Sessions” meeting ended with focus on stabilizing growth and achieving technological self-reliance

จีนปิดฉากประชุม 2 สภา ปี 66 มุ่งเน้นการเติบโตอย่างมีเสถียรภาพและพึ่งพาตนเองในด้านเทคโนโลยี... Read more

15 Mar 2023

Econ Digest

Are measures to cope with US bank failures called bank bailouts?

Are measures to cope with US bank failures called bank bailouts?... Read more

14 Mar 2023

Econ Digest

How much will the US bank collapse affect Thailand?

How much will the US bank collapse affect Thailand? ... Read more

3 Mar 2023

Econ Digest

Thai exports in January 2023 remained under pressure from the global economic slowdown, contracting for the fourth consecutive month, down by 4.5%YoY

Thai exports in January 2023 remained under pressure from the global economic slowdown, contracting for the fourth consecutive month, down by 4.5%YoY ... Read more

21 Feb 2023

Econ Digest

Thailand’s GDP expected to show continued growth in 2023 despite the fact the Thai economy grew less than expected in 4Q2022

Thailand’s GDP expected to show continued growth in 2023 despite the fact the Thai economy grew less than expected in 4Q2022... Read more

14 Feb 2023

Econ Digest

Thailand’s economic recovery trend boosted the KR-ECI up in January 2023, with Thai households’ perception of income and employment improving

Thailand’s economic recovery trend boosted the KR-ECI up in January 2023, with Thai households’ perception of income and employment improving... Read more

9 Feb 2023

Econ Digest

Keep an eye on…AI Chatbot technology, a new type of business helper.

Keep an eye on…AI Chatbot technology, a new type of business helper.... Read more

2 Feb 2023

Econ Digest

The Fed decided to raise its policy rate by only 0.25% as expected at the FOMC meeting on January 31 - February 1, 2023

The Fed decided to raise its policy rate by only 0.25% as expected at the FOMC meeting on January 31 - February 1, 2023... Read more

1 Feb 2023

Econ Digest

Virtual bank, providing financial service through technology to meet more customer needs

Virtual bank, providing financial service through technology to meet more customer needs ... Read more

30 Jan 2023

Econ Digest

Alternatives for the business sector to address sustainability issues

Alternatives for the business sector to address sustainability issues... Read more

27 Jan 2023

Econ Digest

First FOMC Meeting in 2023: Fed is expected to raise its policy rates by 0.25 percentage points after weakening inflation

First FOMC Meeting in 2023: Fed is expected to raise its policy rates by 0.25 percentage points after weakening inflation... Read more

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

20 Jan 2023

Econ Digest

Earlier-than-expected arrival of Chinese tourists to drive foreign tourist arrivals to Thailand to 25.5 million in 2023

Earlier-than-expected arrival of Chinese tourists to drive foreign tourist arrivals to Thailand to 25.5 million in 2023... 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

17 Jan 2023

Econ Digest

EV charging points…urgent need to support the number of PHEVs and BEVs that may reach 300,000 by 2025

EV charging points…urgent need to support the number of PHEVs and BEVs that may reach 300,000 by 2025... Read more

16 Jan 2023

Econ Digest

Thailand’s 2023 GDP growth projected to increase to 3.7% due to China’s early reopening

Thailand’s 2023 GDP growth projected to increase to 3.7% due to China’s early reopening... 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

10 Jan 2023

Econ Digest

BEV market...more compelling options, sales in 2023 are expected to double from 2022

BEV market...more compelling options, sales in 2023 are expected to double from 2022... 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

3 Jan 2023

Econ Digest

Renewal of measures to reduce fees for residential ownership transfer and mortgage registration … supporting the residential market

Renewal of measures to reduce fees for residential ownership transfer and mortgage registration … supporting the residential market... 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

27 Dec 2022

Econ Digest

Bangkok residents’ spending for New Year 2023 celebrations projected to reach THB30.9 billion

Bangkok residents’ spending for New Year 2023 celebrations projected to reach THB30.9 billion... 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

Change in Thailand’s banking business landscape in 2023…Thai banking businesses in 2023 may cautiously recover as the economy moves

Change in Thailand’s banking business landscape in 2023…Thai banking businesses in 2023 may cautiously recover as the economy moves ... 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

19 Dec 2022

Econ Digest

Sales of eco-friendly plastics tend to slow in 2023.Thailand may not fully benefit from the trend of reducing global warming

Sales of eco-friendly plastics tend to slow in 2023.Thailand may not fully benefit from the trend of reducing global warming ... Read more

19 Dec 2022

Econ Digest

KResearch has revised its 2023 GDP growth projection to 3.2% due to the global recession

KResearch has revised its 2023 GDP growth projection to 3.2% due to the global recession... 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

15 Dec 2022

Econ Digest

The FOMC meeting on December 13-14, 2022: The Fed slows rate hike to 0.50% as expected

The FOMC meeting on December 13-14, 2022: The Fed slows rate hike to 0.50% as expected ... Read more

14 Dec 2022

Econ Digest

KR-ECI in November 2022 improves for the first time in 14 months, but remains below pre-COVID-19 level, with Thai households less concerned about the cost of living like product prices and expenses

KR-ECI in November 2022 improves for the first time in 14 months, but remains below pre-COVID-19 level, with Thai households less concerned about the cost of living like product prices and expenses... 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

8 Dec 2022

Econ Digest

Did the economic recovery really boost investment in risk assets in 2022?

Did the economic recovery really boost investment in risk assets in 2022?... Read more

7 Dec 2022

Econ Digest

Raise the contribution rate to the Financial Institutions Development Fund (FIDF) in 2023...to help pay off debts over 30 years

Raise the contribution rate to the Financial Institutions Development Fund (FIDF) in 2023...to help pay off debts over 30 years ... 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

The MPC has raised its policy rate by 0.25%, which is expected to peak at 2.00% in 2023

The MPC has raised its policy rate by 0.25%, which is expected to peak at 2.00% 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

25 Nov 2022

Econ Digest

Active domestic tourism at year-end, number of domestic tourist trips is projected to reach 150.8 million in 2022, generating revenue of about THB6.3 billion

Active domestic tourism at year-end, number of domestic tourist trips is projected to reach 150.8 million in 2022, generating revenue of about THB6.3 billion... 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

23 Nov 2022

Econ Digest

Coffee prices soar to 10-year high…leading to significant increase in Thailand’s coffee imports in 2022

Coffee prices in the global market have been rising since the end of 2021. Brazil and Vietnam – the world’s major coffee suppliers – have faced severe climate change, which has caused a reduction in their coffee bean production. Particularly, the coffee output of Brazil - the world’s largest Arabica... Read more

22 Nov 2022

Econ Digest

Thai GDP grew higher-than-expected in 3Q2022 due to the reopening of the country and is expected to exceed the previous estimate of 2.9% for the full-year

Thai GDP grew higher-than-expected in 3Q2022 due to the reopening of the country and is expected to exceed the previous estimate of 2.9% for the full-year... 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

The Baht resumed strengthening…but watch out for various volatile factors

The Baht resumed strengthening…but watch out for various volatile factors ... 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

9 Nov 2022

Econ Digest

Soaring price of Thailand’s imported soybeans during 2022-2023 puts pressure on soybean use

Soaring price of Thailand’s imported soybeans during 2022-2023 puts pressure on soybean use ... 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

7 Nov 2022

Econ Digest

Revenue of restaurant business is expected to show growth in 2022-2023 despite the challenge of operating costs and maintaining profitability

Revenue of restaurant business is expected to show growth in 2022-2023 despite the challenge of operating costs and maintaining profitability... Read more

4 Nov 2022

Econ Digest

The FOMC meeting on November 1-2, 2022: The Fed raised its policy rates by 0.75%...What factors will affect the next rate hike?

The FOMC meeting on November 1-2, 2022: The Fed raised its policy rates by 0.75%...What factors will affect the next rate hike?... Read more

3 Nov 2022

Econ Digest

Mega projects boost the value of public construction to grow in 2023

Mega projects boost the value of public construction to grow in 2023... Read more

2 Nov 2022

Econ Digest

198 countries come together to solve environmental problems towards net-zero goals

198 countries come together to solve environmental problems towards net-zero goals... Read more

1 Nov 2022

Econ Digest

FOMC meeting on November 1-2, 2022, the Fed is expected to raise its policy rate by another 0.75% amid high inflationary pressures

FOMC meeting on November 1-2, 2022, the Fed is expected to raise its policy rate by another 0.75% amid high inflationary pressures ... Read more

31 Oct 2022

Econ Digest

Thai exports continued to expand by 7.8% in September 2022, driven by the expansion of industrial product exports and the easing of the semiconductor shortage

Thai exports continued to expand by 7.8% in September 2022, driven by the expansion of industrial product exports and the easing of the semiconductor shortage... Read more

28 Oct 2022

Econ Digest

Tourism in recovery…Which segments of hotel and accommodation will recover first?

Tourism in recovery…Which segments of hotel and accommodation will recover first?... Read more

27 Oct 2022

Econ Digest

China’s economy grew by 3.9% in 3Q22…Keeping an eye on recovery amid various pressuring factors

China’s economy grew by 3.9% in 3Q22…Keeping an eye on recovery amid various pressuring factors ... Read more

26 Oct 2022

Econ Digest

Commercial banking business grew in 3Q2022 due to the gradual economic recovery after the easing of lockdowns

Commercial banking business grew in 3Q2022 due to the gradual economic recovery after the easing of lockdowns ... 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

The economic recovery after easing lockdowns supports banking business growth

The economic recovery after easing lockdowns supports banking business growth ... 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

18 Oct 2022

Econ Digest

KR-ECI stabilized in September 2022 due to stable commodity prices…Flooding raises concerns about income and employment

KR-ECI stabilized in September 2022 due to stable commodity prices…Flooding raises concerns about income and employment ... Read more

17 Oct 2022

Econ Digest

Households slow down, incurring large debts in 2Q22…Household debt to GDP dropped to 88.2%

Households slow down, incurring large debts in 2Q22…Household debt to GDP dropped to 88.2%... Read more

12 Oct 2022

Econ Digest

Floods in this rainy season affect in-season rice…damage estimated at approximately THB3 billion

Floods in this rainy season affect in-season rice…damage estimated at approximately THB3 billion... Read more

11 Oct 2022

Econ Digest

Carbon credit market in Thailand…Opportunities for business sector

Carbon credit market in Thailand…Opportunities for business sector... Read more

7 Oct 2022

Econ Digest

Cryptocurrency market is highly volatile…What are the 5 key factors for investing in the cryptocurrency market?

Cryptocurrency market is highly volatile…What are the 5 key factors for investing in the cryptocurrency market? ... Read more

6 Oct 2022

Econ Digest

In a changing global trade environment, Thai industries must accelerate the development of advantages

In a changing global trade environment, Thai industries must accelerate the development of advantages ... Read more

5 Oct 2022

Econ Digest

Electricity price remains on the rise…Businesses are pressed to adapt to rising costs

Electricity price remains on the rise…Businesses are pressed to adapt to rising costs ... Read more

4 Oct 2022

Econ Digest

A draft royal decree on hire purchase business to expand consumer protection

A draft royal decree on hire purchase business to expand consumer protection ... Read more

3 Oct 2022

Econ Digest

The Baht weakens on risk of global recession. How does it affect the Thai business sector?

The Baht weakens on risk of global recession. How does it affect the Thai business sector?... Read more