Showing 1 - 9 of 9
Reviving Thailand's automotive industry: beyond across-the-board tax incentives
Business, TMB Analytics, Published on 07/04/2017
» Given its ambition to be the Detroit of Asia, Thailand has long sought to assert its comparative advantage in the regional automotive industry. The first-car buyer programme in 2012-13 was one example of a major catalyst that induced a heady state of exuberance, albeit temporary, in the industry. Lured by tax rebates of up to 100,000 baht, about 1.25 million people signed up. Car sales reached a record 1.44 million units in 2013, compared with average yearly sales of around 800,000.
New types of collateral ease financial constraints on small business
Business, TMB Analytics, Published on 06/01/2017
» Small and medium-sized enterprises (SMEs) have long been the backbone of Thailand's economy. According to official data from 2015, the country had 2.7 million SMEs valued at about 5.5 trillion baht or 40% of GDP, creating 10.7 million jobs or 80% of all employment.
Faster and cheaper international money transfers through blockchain
Business, TMB Analytics, Published on 04/11/2016
» Let's face it: making international money transfers is a hassle. Whether you are paying suppliers abroad or wiring funds for your children's tuition, most of you feel frustrated about how long it takes for the money to get to the recipients.
Data analytics: how banks can improve the customer journey beyond the basics
Business, TMB Analytics, Published on 07/10/2016
» How often are you pestered by telemarketing callers trying to sell you credit cards or personal loans? When you visit the bank, how often do tellers offer you insurance or mutual funds that you don't need? If you view such encounters as a nuisance, we feel you.
Social credit: How Fintech uses Facebook to give you a loan
Business, TMB Analytics, Published on 05/08/2016
» In the digital age, who you know and what you post or share on Facebook, Instagram and the like could help you obtain a loan, even if you have no secure job or no credit history. Thanks to the popularity of social networks, big data and advanced computing techniques can be used to infer "social credit" scores, which identify borrowers with the ability and willingness to pay.
Rethinking how to save for retirement
Business, TMB Analytics, Published on 01/04/2016
» Thai society is ageing. Currently, around one person in five is older than 60 years. By 2040, the ratio will be one in three. This presents several concerns: a smaller labour force, lower economic growth, a lower savings rate and higher medical expenses.
It takes time before sentiment can create an impact
Business, TMB Analytics, Published on 04/03/2016
» The government has been aggressively driving the Thai economy, notably through public investment, which rose 30% last year compared with 2014. How big was that? Well, the average growth rate for public investment between 2010 and 2014 was -1.8%.
Don't let inventory upset your GDP forecast
Business, TMB Analytics, Published on 05/02/2016
» In our previous article, we argued economists and analysts alike should pay more attention to an unassuming component of GDP -- inventory. We showed that despite its tiny size, merely 1.6% of GDP, inventory can have a profound effect on both seasonality and swings, hence on all GDP forecasting exercises.
What will make 2016 the 'Year of Investment'?
Business, TMB Analytics, Published on 04/12/2015
» No one can predict the future with absolute certainty, but one thing all economists agree on about the Thai economy is 2016 will be the "Year of Investment".