EIC or Economic Intelligence Center, a unit of Siam Commercial Bank Public Company Limited, is established to provide business executives with valuable insights for effective decision making.
Analyzing the global semiconductor industry and potential strategies for Thailand
Thailand has the potential to become a significant player in the semiconductor industry through the relocation of production facilities and increased investments, but Thai companies must embrace change and strengthen their capabilities to adapt to evolving demands.
Thai exports in September maintained a two consecutive months growth
Thai exports showed continued improvement in September, marking two consecutive months of growth. Going forward, Thai trade conditions are expected to continue improving, with the anticipation of export growth in 2024.
SCB EIC predicts exports expansion by 2024 following rebound in August
The forecast for Thai exports in 2023 was revised to a decline of 1.5%, but a 3.5% expansion is expected in 2024. However, various factors may continue to hinder Thai exports, such as tightened monetary policies in advanced countries and drought conditions.
Pet Humanization seen as a major trend in Thailand
In Thailand, data from Euromonitor indicates that in 2019, approximately 34% of Thai households have dogs and cats, and this will increase to 37% of the total number of Thai households in the country in 2022
Domestic demand and tourism key drivers for CLMV economic recovery
SCB EIC expects stronger CLMV economic growth in 2023, despite a global economic slowdown, yet remains below its pre-pandemic potential
Domestic demand and tourism will be key drivers for CLMV economic recovery in 2023.