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THAILAND

Political uncertainty hurts GDP view

Business, Pathom Sangwongwanich, Published on 25/04/2019

» Domestic political uncertainty warrants a downside risk for Thailand's GDP growth outlook this year because a delay in forming the new government could curtail public investment projects and dent private investment incentives, says the World Bank.

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THAILAND

Households seek more credit

Business, Pathom Sangwongwanich, Published on 11/07/2016

» Personal loans expanded again in May, indicating that households are still struggling and seeking fresh borrowing.

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THAILAND

World Bank keeps Thai growth forecast at 2.5%

Business, Pathom Sangwongwanich, Published on 29/06/2016

» The World Bank has maintained Thailand's economic growth forecast this year at 2.5% due to impetus from fiscal stimulus and increasing tourism revenue.

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THAILAND

BoT gloomy on growth

Business, Pathom Sangwongwanich, Published on 09/03/2016

» The Bank of Thailand is to revise its forecast for this year's economic growth due to heightening downside risks but further monetary easing is not appropriate in addressing short-term shocks, says governor Veerathai Santiprabhob.

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THAILAND

Q2 growth of less than 3% foreseen

Business, Pathom Sangwongwanich, Published on 11/08/2015

» Second-quarter figures are expected to show the economy expanded at a weaker pace than in the first quarter, at less than 3% year-on-year.

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THAILAND

Property tax back on agenda

Business, Pathom Sangwongwanich, Published on 04/06/2015

» The much-touted land and buildings tax is expected to be at the top of the cabinet's agenda over the next two months after a delay since March based on public concerns about burdensome taxation.

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THAILAND

Moody's sounds warning

Business, Pathom Sangwongwanich, Published on 11/06/2015

» Concerns are mounting over Thailand's individual and SME borrowers, as their debt leverage ratio and asset quality are seen to be increasingly vulnerable to the sluggish economic growth conditions, says Moody's Investors Service.

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THAILAND

Superboard poised for battle

Business, Pathom Sangwongwanich, Published on 05/07/2014

» A state enterprise superboard set up by the junta will be ready to make its first policy-setting moves by the middle of next week, says Prasarn Trairatvorakul, a superboard member and the Bank of Thailand governor.

THAILAND

Economic loss 'less than from floods'

Business, Pathom Sangwongwanich, Published on 09/01/2014

» Even though the potential impact on the economy from the planned Bangkok shutdown remains uncertain, the scale of the loss is expected to be less than that from the 2011 floods, economists say.

THAILAND

Political vacuum 'damaging'

Business, Pathom Sangwongwanich, Published on 11/01/2014

» The Bangkok shutdown by anti-government protesters and the absence of a functional government could shave one percentage point off Thailand's economic growth, says an academic.