Macroeconomic recovery in Thailand gained momentum in 2017, with GDP growth hitting a five-year high on the back of positive performance in exports, tourism and financial services, as well as a moderate uptick in private consumption. Although non-performing loans (NPLs) remain a concern for the banking sector, lending growth accelerated in 2017....
Located at the heart of South-east Asia, the Kingdom of Thailand covers a total area of approximately 513,120 sq km, making it the 52nd-largest nation in the world by area. It is bound geographically by the nations of Cambodia to the east, Laos to the northeast, Malaysia to the south and Myanmar to the west. Its major natural boundaries...
How can Japan capitalise on strong bilateral ties with Thailand to create business opportunities?
Under the auspices of Thailand 4.0, which targets economic growth through technology and innovation, the banking industry is slated to undergo major changes. Although banking is not one of Thailand 4.0’s strategic industries, the sector is still expected to benefit from increased deployment of financial technology (fintech).
Household consumption in Thailand has been constrained by an ageing population and rising consumer debt, and a string of failed stimulus packages launched in the early 2010s led to a sharp increase in the number of distressed and non-performing loans (NPLs) in the consumer segment, exacerbating already challenging circumstances. However, the tide is...
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