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.
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’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.
