Thailand relaxed more virus related social curbs on September 1st, in dozens of cities including Bangkok, in a move that may indicate that the country’s economy, hit hard by COVID-19 will soon revive, lead by the export sector and sound financial fundamentals. During the past couple weeks, new infection cases have been down from roughly […]
A resurgence of coronavirus infections in Thailand will hamper the country’s economic recovery and raise asset risks for banks in the country. Yet government measures to support borrowers will limit the deterioration of banks’ asset quality, and banks have sufficient buffers to absorb expected credit losses. Thailand’s economic recovery will lag that of its ASEAN […]
In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the […]
The Thai baht has been hit by a sharp decline in tourism numbers due to the COVID pandemic, making the country’s currency the worst-hit in the region this year, according to Mizuho Bank. In a note on July 23, the Japanese bank pointed to “uncharacteristic under-performance of the Thai Baht, rendering it the worst performer […]
The Delta variant has ripped through Southeast Asia in recent weeks, undoing many countries’ progress against the Covid-19 pandemic. Indonesia has been hit especially hard. The spiraling crisis in Indonesia—and worsening situations in Cambodia, Myanmar, Thailand, and Vietnam, which are all experiencing their highest rate of case growth since the start of the pandemic—is a […]
BANGKOK (NNT) – The Commerce Ministry reported on Thursday (24 June) that Thai exports recorded their fastest expansion in 11 years during May, driven by strong global demand and economic recovery in trading partners, as the government continues aggressive promotion efforts. Commerce Minister Jurin Laksanavisit said exports jumped by 45.9% in May, after a 25.7% […]
BANGKOK (NNT) – The Budget Bureau notes that the Thai government plans to increase its investment budget by 90 billion baht in the fiscal year 2022, in compliance with a law related to state financial and fiscal discipline. Budget Bureau Director Dechapiwat Na Songkhla said, of the 90 billion baht the government plans to add […]
Population aging in China (A1 stable) and other emerging markets in Asia will hurt economic growth, competitiveness and fiscal revenue, unless productivity gains accelerate, according to a new report by Moody’s Investors Service. And although China’s new policy allowing couples to have up to three children could support fertility, it is unlikely to dramatically change […]