Rising domestic consumption and dwindling hydrocarbons reserves will increase pressure on Thailand’s downstream energy and petrochemical firms to secure feedstock, though lower international oil and gas prices have helped reduce production costs for now.
A gradual increase in economic activity and demand for credit should support both loans and earnings in the Thai banking sector, although a shift away from consumer lending is likely to continue and low interest rates may prompt banks to tap into other revenue streams.
As the government sharpens it focus on ICT, a digital drive is taking shape in Thailand, underpinned by plans that include incentives for investors and improved communications infrastructure.
An increase in overseas patient numbers should lift earnings in Thailand’s health tourism sector this year, with double-digit growth forecast as service providers move to boost their profile and service offerings.
A slowing of domestic and overseas demand, combined with uncertainty over Thailand’s political direction, cooled the economy in 2014, with most forecasts for this year indicating growth will remain subdued.
The world’s largest rubber producer has seen earnings and output plunge this year, with Thailand’s government stepping in to fund subsidy and buying programmes to support its rubber growers against a weak economic backdrop.
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