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Asia will need $26 trillion in infrastructure investments through 2030

Milken Institute report, ‘New Models for Financing Infrastructure in Asia’ explore specific recommendations about infrastructure financing models for investment in ASEAN infrastructure.

Boris Sullivan

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The Milken Institute convened a Financial Innovations Lab® in Singapore in September 2016, bringing together leaders from private equity funds, commercial banks, development finance institutions, and corporations, as well as institutional investors, with the goal of producing specific recommendations about infrastructure financing models for investment in ASEAN infrastructure.

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Economics

BoT says Thailand’s economy to shrink by 5.3 per cent in 2020

The Covid-19 crisis could throw Thailand into a deep recession next year according to the central bank’s latest data release.

Olivier Languepin

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Due to the coronavirus (COVID-19) outbreak, the Thai economy would contract significantly in 2020 and headline inflation would become negative, said the Bank of Thailand in a Press Release.

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Economics

Thailand’s Poverty on the Rise Amid Slowing Economic Growth

Between 2015 and 2018, the poverty rate in Thailand increased from 7.2 percent to 9.8 percent, and the absolute number of people living in poverty rose from 4.85 million to more than 6.7 million.

World Bank

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Thailand has successfully reduced poverty over the past three decades from over 65 percent in 1988 to under 10 percent in 2018. However, the growth of household incomes and consumption growth both have stalled nationwide in recent years.

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Economics

Private sector cut GDP expectations after COVID-19 impact

Thailand’s Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has reduced this year’s national GDP projection from 2-2.5 percent to only 1.5-2 percent.

National News Bureau of Thailand

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 The global spread of the COVID-19 disease is perceived by the private sector to be a significant setback for both the Thai and global economies.

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