Thailand Announces UN HRC Candidature for 2025-2027

Deputy Prime Minister and Minister of Foreign Affairs Parnpree Bahiddha-Nukara launched Thailand’s candidature for the UN Human Rights Council (HRC) for the 2025-2027 term

Can Indonesia’s Sovereign Wealth Fund Attract Foreign Investors?

The government hopes the INA will attract investments in infrastructure, the digital economy, logistics, the financial sector, tourism, and supply chains, among others.

ADB predicts 4.6% growth in Southeast Asia but warns of increasing risks

The growth forecast for Thailand has been revised upward from 3.3% to 3.5% for the year 2023, and it is expected to remain at 3.7% for the year 2024.

Consumer Confidence rebounds in August following new government nomination

The consumer confidence index rose to 56.9, rebounding from a decline in the previous month. However, concerns remain about the slow economic recovery, high living costs, and rising interest rates.

Thailand Dealing with Growing Global Headwinds

Thailand’s economic recovery may be hindered by a global slowdown, and the government’s economic stimulus policies could lead to higher government debt, according to Fitch Ratings analysts.

Thailand’s Rising Household Debt and Growing Risk of Bad Loans

In the first quarter of 2023, household debt reached 15.9 trillion baht, a 3.6% increase from the previous quarter, or 90.6% of the GDP. Real estate purchases and personal loans were identified as the main contributors to this growth.

Thailand’s Growth Revised Down Amid Disappointing Recovery

Tight credit conditions, elevated household debt, and higher interest rates will weigh on domestic activity and consumption in Thailand, hindering economic growth.

Q2 GDP growth lower than expected at 1.8%.

The Thai economy grew slower than expected in the second quarter, with weaker exports offset by strength in tourism.