5 Mar 2024
International Economy
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29 Nov 2022
Regarding the 33rd Asia-Pacific Economic Cooperation (APEC) summit hosted by Thailand, the French leader was officially invited as a special guest of the Thai government to attend the forum. During his visit to Thailand, marking the first such visit in 16 years, French President Emmanuel Macron and the Prime Minister of Thailand held discussions and reaffirmed their support for bilateral relations, economic partnership and efforts to advance the EU-Thailand Free Trade Agreement (FTA). The roadmap for Thai-French relations is considered a key step for further development of relations between the European Union (EU) and ASEAN, accordingly. KResearch holds views on fostering cooperation with France in the following issues:... Read more
3 Feb 2021
More dynamic relationships between Myanmar and Western powers were imperative in the development of Myanmar’s economy over the past decade. As a result, it has reported relatively impressive economic growth on the back of increased foreign investment, thus helping bolster its exports and allowing Myanmar to make a transition from an agricultural society to an industrial one. Additionally, there has been massive employment generation and a significant increase in consumer purchasing power in Myanmar. ... Read more
22 Dec 2020
In the latest currency manipulation report published by the US Department of the Treasury in December 2020, Vietnam was designated as a currency manipulator because it fulfilled three benchmarks set by the US. These include an intervention in the currency-exchange market as evidenced by Vietnam’s net foreign currency purchases, which were equivalent to 5.1 percent of GDP (exceeding the benchmark set at 2.0 percent of GDP). Vietnam also fulfilled the other two benchmarks: A bilateral trade surplus with the US of more than USD20 billion and a current account surplus at 2 percent of GDP. ... Read more
7 May 2020
A majority of ASEAN member states overall may experience fragile supply chains as a result of their dependency on imports of intermediate products from sources that are highly competitive in terms of costs, namely China, plus technologies from countries that own advanced technologies, such as South Korea and Japan. Such dependency also suggests that there are risks that may contribute to a stagnation of supply chains. Despite moderate complexity involved in the manufacturing of intermediate products, ASEAN member states have been able to produce such products by themselves. In so doing, ASEAN, however, have to import intermediate products from owners of advanced technologies, suggesting their limited attempts to diversify risks in supply chains as a result of their dependency on regional manufacturers of intermediate products. ... Read more
9 Oct 2019
Vietnam’s automotive industry is set to grow substantially over the next 5-7 years and this will likely attract additional investments in its car production. Although Vietnam is far behind other ASEAN member states in many aspects, in particular its car production, KResearch views that its car production capacity will likely increase ahead amid a transition towards electric vehicles if Vietnam accelerates improvements in various aspects. These include economic development, implementation of appropriate policies to support the automotive and auto-parts industry, strengthening lending system of financial institutions, offering all segments of the society greater access to finance and building confidence of prospective buyers towards Vietnamese-made cars. ... Read more
28 Jun 2019
All eyes are on the G20 Summit, in particular a talk between the US and China, the world’s superpowers, to end the trade war that will last for a year in July 2019. Looking back, it is believed that the US and China knew that they would not benefit from the persistent trade war. A clear consequence of their trade dispute is now seen in rising prices of their imported products and this has hurt their consumers and manufacturers. The stances of the US and Chinese leaders in ending the trade war are based on political benefits and their popularity at home.... Read more
26 Jun 2019
The ASEAN Summit 2019 ended with members agreeing to conclude the talks for the Regional Comprehensive Economic Partnership (RCEP) framework by 2019. Thailand should take this opportunity as the ASEAN Chair to act as the facilitator to bridge the differences among members to push for the success of the RCEP trade liberalization. RCEP members include ten ASEAN countries and the other six negotiating partners (Plus 6) including China, Japan, South Korea, India, Australia and New Zealand). ... Read more
4 Jun 2018
The economic policies recently announced by newly-elected Malaysian Prime Minister Mahathir Mohamad mark a major shift from those under the ousted Barisan Nasional government, especially the country’s policies on large-scale infrastructure investments. On May 28, 2018, Prime Minister Mahathir announced the scrapping of a planned high-speed rail project to connect Kuala Lumpur, Malaysia and Singapore worth over USD28 billion.... Read more
26 Dec 2017
Thai exports to ASEAN-5 (Malaysia, Singapore, Indonesia, the Philippines and Brunei) account for 59.3 percent of our total exports to the entire AS... Read more
6 Mar 2017
Growth is evident in Thailand's shipments to Vietnam for 2016; the 5.9-percent YoY increase we achieved represents the fourth consecutive year of p... Read more
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