Thailand’s Rising Household Debt and Growing Risk of Bad Loans
Thailand's household debt is increasing, particularly in auto loans and debts from savings cooperatives. Non-performing loans from auto loans have risen, and financial literacy and access to financial services have decreased. In the first quarter of 2023, household debt reached 15.9 trillion baht, equivalent to 90.6% of the GDP.
Thailand Dealing with Growing Global Headwinds
Thailand's economic recovery may be hindered by a global slowdown and the government's stimulus policies could lead to higher government debt, according to Fitch Ratings.
Consumer Confidence rebounds in August following new government nomination
Consumer confidence in Thailand improved in August due to the formation of a new government.The consumer confidence index rose to 56.9, rebounding from a...
Global growth is expected to decline to under 3% in 2023 (IMF)
The Chief of the International Monetary Fund (IMF) has stated that global growth is expected to decline to under 3% by the year 2023. The...
Political parties must navigate a challenging balancing act when it comes to the labor market
Political parties must navigate a challenging balancing act when it comes to the labor market. On the one hand, they want to create policies...
Moody’s downgrades BCAs of Kasikornbank and Siam Commercial Bank
Moody’s affirms deposit ratings of Bangkok Bank, Kasikornbank and Siam Commercial Bank, issuer ratings of SCB X; downgrades BCAs of Kasikornbank and Siam Commercial...
FTSE SET Index Series June 2022 Semi-annual Review
Bangkok, Hong Kong – FTSE Russell jointly with The Stock Exchange of Thailand (SET) today announces the result of June 2022 semi-annual review for...
Reshoring China Production to Thailand: Key Sectors that Benefit
As the second-largest economy in ASEAN behind Indonesia, Thailand presents ample investment opportunities for foreign businesses. The country has experienced growing domestic consumption over...
