Lenders in Thailand are expected to adopt a cautious position in the coming months, keeping a close watch on household debt levels and monitoring the local economy’s return to growth following a contraction earlier this year.
Thailand
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Economic update | Fuel for Thailand’s future
22 Oct 2013
Energy consumption in Thailand is set to jump by 75% over the coming two decades as the economy expands and a more affluent society takes to the roads in increasing numbers, according to a new report. However, this new growth and mobility will come at a cost, with dependence on oil imports set to rise and increasing susceptibility to external price shocks.
Economic update | Reducing Thailand’s rice mountain
25 Sep 2013
The government in Thailand is hailing a recent agreement with China as a significant step towards reducing its extensive rice stockpile. However, critics of the programme, which offers growers a minimum price for their crops, say that the deal with Beijing will put only a dent in Thailand’s so-called rice mountain.
The government in Thailand has strongly reiterated its commitment to an ambitious Bt2trn-plus ($60bn) transport system investment plan. The massive programme of spending would focus on rail, urban rapid transit and ports, and the government asserts that it would strongly enhance Thailand’s competitiveness in trade and investment, helping the country make up lost ground.
With one of the world’s strongest tourist industries, Thailand is now working to build on its international reputation, developing high-earning segments and broadening its market reach.
The Thai government has unveiled a new package of measures aimed at promoting economic activity and maintaining growth at up to 5%, though opinions are mixed whether the stimulus programme will be able to meet its targets, or even whether it is warranted in the current economic climate.