Connect with us

Economics

Analysts optimistic about Thailand’s economy, despite political unrest

Avatar

Published

on

Market watchers have said they are largely optimistic about Thailand’s economy, despite the recent political unrest in the country.

Loading...

They believe its growth fundamentals are still in place, supported by the strong growth in its exports recently.

Observers also said the unrest may also present a good opportunity for foreign investors, as the government has been making business conditions more attractive.

It's been more than a week of protests in Bangkok by the “Red Shirts” group.

But Thailand is still getting the green light from analysts for foreign investments.

That is because they believe the country’s growth fundamentals are still in place. And the unrest may, ironically, offer opportunities to buy into Thailand’s growth.

Leon Perera, group managing director, Spire Research and Consulting, said: “This is a good time in terms of foreign direct investment, buying shares directly in those who are setting up companies, because I think during this period of time, the Thai Board of Investment would probably be more prepared to offer generous incentives in order to welcome investors, so as to demonstrate that it is still able to bring in foreign investors, in spite of the political issues.

via Analysts optimistic about Thailand’s economy, despite political unrest – channelnewsasia.com.

Comments

Investment

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI

The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.

Pr News and BOI

Published

on

The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

Loading...
(more…)

Continue Reading

Economics

Finance Ministry Reduces 2021 Growth Forecast to 2.3%

Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the ministry slashed its forecast for the number of foreign tourists to only 2 million this year from 5 million it had predicted three months ago.

National News Bureau of Thailand

Published

on

Export growth better-than-expected in December 2020. However, amid the second wave of COVID-19 infections, exports could fall below previously forecasted levels in 2021.

BANGKOK (NNT) – The Finance Ministry has reduced its 2021 economic growth forecast for a second time to 2.3% from 2.8% growth, after a third wave of coronavirus infections struck Thailand this month.

Loading...
(more…)

Continue Reading

Economics

Developing Asia growth set to rebound to 7.3% in 2021 (ADB)

Thailand slow vaccination progress coupled with a surge of infections has prompted Kasikorn Research Centre to lower its growth projection for the Thai economy this year from 2.6 percent to 1.8 percent. However, ADB’s forecast for Thailand growth in 2021 remains set at 3% (and 4.5% in 2022).

Olivier Languepin and Asian Development Bank

Published

on

MANILA, PHILIPPINES (28 April 2021) — Economic growth in developing Asia is set to rebound to 7.3% this year, supported by a healthy global recovery and early progress on coronavirus disease (COVID-19) vaccines, according to a new report from the Asian Development Bank (ADB).

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,066 other subscribers

Latest

Trending