Economics

Thai inflation climbed to 1.24% in March 2019

Core inflation stood at 0.58%YOY, stable from 0.60%YOY in the previous month following stagnated prepared food, housing rent and medical and personal care price index.

Published

4 weeks ago

July 26, 2019

Economic Intelligence Center Siam Commercial Bank

Headline inflation surged to 1.24%YOY in March, up from 0.73%YOY in the previous month. Raw food and energy prices are the main drivers for inflation growth.

Raw food price index increased by 3.75%YOY following rising rice flour and cereal products, meat and fruit and vegetable price. Lowered agricultural supply from drought caused fruit and vegetable prices to increase, the first increment in 10 months.

Meanwhile, energy price index rebounded with growth of 2.07%YOY from heightened global crude price, after dropping for 3 consecutive months (in March, Brent crude oil price averaged at 66.41 USD per barrel compared to 64.13 USD per barrel in February).

Core inflation stood at 0.58%YOY, stable from 0.60%YOY in the previous month following stagnated prepared food, housing rent and medical and personal care price index.

Headline inflation decelerated slightly to 0.74%YOY in quarter 1 from 0.84%YOY in quarter 4, 2018

Energy price index declined by -0.78%YOY following a decease in global crude price in Q1-2019. On the contrary, raw food price index accelerated to 2.51%YOY in line with rice, meat and fruit and vegetable prices. Meanwhile, core inflation averaged at 0.62%YOY in the first quarter of 2019, slightly declining from 0.71%YOY during the last quarter of 2018.

Source link

Banking

Thailand’s four challenges : Debt, inequality, plastics and climate change

Thais tended to get into debt faster, for longer and for higher amounts. Indebtedness starts as soon as they begin to work at age 25 and can increase until 56 years old.

Published

2 weeks ago

August 8, 2019

Headline Editor

Bank of Thailand Governor Veerathai Santiprabhob, in his speech entitled “Formulating for the Future of Corporate Governance”, delivered at the Finance and Beyond National Director Conference 2019 in Bangkok (July 24th), said Thailand faces four challenges that require good governance in businesses to address.

(more…)

Economics

Exports contracted by -2.1%YOY in June, or -8.7% without Gold

With the exception of military arms and weapons reshipment to the USA in February, Thai exports value has shrunk continuously for the past 8 months, and the first half of 2019 showing a decline of -4.4%YOY.

Published

2 weeks ago

August 4, 2019

Economic Intelligence Center Siam Commercial Bank

The value of Thai exports in June 2019 fell by -2.1%YOY. With the exclusion of gold, exports dropped further by -8.7% YOY (Gold export in June grew by 317.4%YOY).

(more…)

Economics

Thai exports could drop 0.6% in 2019

The University of the Thai Chamber of Commerce predicts that Thai exports in 2019 will drop 0.6% year on year, the first contraction in four years.

Published

3 weeks ago

July 31, 2019

Headline Editor

Dr. Aat Pisanwanich, Director of Center for International Trade Studies (CITS) of UTCC, said that total Thai exports this year are expected to reach USD251.338 billion, 0.64% less than last year and the first contraction in four years.

(more…)