The baht was one of the best-performing currencies in South-east Asia in 2017, making significant gains against the US dollar as macroeconomic recovery continued and foreign investment surged. A strong baht is a double-edged sword for trade and investment stakeholders, however, as some predict that Thai exporters will be negatively impacted in...
Following the death of His Majesty King Bhumibol Adulyadej in October 2016, a major chapter in the history of the kingdom closed and another opened. With His Majesty King Maha Vajiralongkorn Bodindradebayavarangkun now on the throne, the way ahead promises to be one of further development, with an active monarch as head of state. Meanwhile,...
Since coming to power after the military coup of May 2014 Prime Minister Prayut Chan-o-cha has repeatedly reaffirmed the government’s intention to lead Thailand back towards democratic rule. The general elections are now expected to take place in May 2019. While the election date has been postponed before, the convergence of key factors may...
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...
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....
As the first emerging economy expected to become an “aged society”, with more than 14% of the population projected to be over 65 years old in 2022, Thailand is confronting a demographic challenge to its economic development. Faced with rising public health costs and a shrinking workforce, as well as a limited pool of skilled labour, the government...
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