18 Nov 2019
Thai Economy
The Thai economic performance remained lackluster in 3Q19 due to a number of factors. These include the anemic global economy, partly as a result of the prolonged trade war, while the strong Baht continued to undermine the pricing competitiveness of Thai exports amid limited growth in public and private investment. However, household spending continued to support the Thai economy. Looking into 4Q19, we at KResearch expect that the Thai economy will exhibit almost the same picture as in 3Q19, though it will likely be driven by additional economic stimuli introduced by the government, with the aim of sustaining household spending, and steady recovery in the number of international tourist arrivals overall. As a result, 4Q19 GDP will likely improve over that seen in 3Q19, but this may not be sufficient to support 2019 economy to grow on a par with our prior estimate of 2.8 percent. We are of the view that 2019 GDP growth may lean towards the lower end of our projection band at not less than 2.5 percent.... Read more
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20 Aug 2019
Thai GDP growth in 2019 may slide below initial projections of 3.1%, while external risk factors may prompt the government to implement more stimulus to boost growth (Business Brief No.3814)... Read more
15 Jan 2019
Greater Bangkok was last hit by the high level of hazardous dust particles at the end of 2017 through to the beginning of 2018. Air pollution blanketed capital again in January 2019, with the prospect of prolonged unhealthy air quality levels . This problem and the impacts of global warming or climate change are important issues that warrant close monitoring. Although it is relatively difficult to assess their impacts on the Thai economy, we at KResearch have attempted to do so, based on a number of assumptions,... Read more
15 Nov 2018
A number of infrastructure projects have exhibited satisfactory progress after the government’s announcement of an action plan to expedite large infrastructure investments in 2016-2018 with an important impetus being the Eastern Economic Corridor (EEC) program with THB trillions of investment. Completed construction include the Laem Chabang Port A project and the civil work under the Red Line Mass Transit System while ongoing projects are, for example, seven routes under the Double-Track Rail Project Phase 1, part of Contract No. 1 of the Thai-Chinese High-Speed Train Project (Bangkok-Nakhon Ratchasima), three Mass Transit Rail Projects in Bangkok, namely the Red, Pink and Yellow Lines. ... Read more