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Thailand’s inflation rate has fallen for the first time in 25 months, due to lower energy and food prices.

Thailand’s inflation rate decreased for the first time in 25 months, primarily due to lower energy and food prices. The consumer price index fell by 0.31% in October compared to the previous year, below expectations. Despite the decrease in inflation, the Ministry still expects headline inflation to range between 1.0% to 1.7% for the year.

The consumer price index (CPI) decreased by 0.31% in October compared to the previous year, but the core CPI, which excludes volatile items, increased by 0.66%.

The core CPI, which excludes volatile items, increased by 0.66% in October.

Headline inflation has been below the central bank’s target for six consecutive months. The ministry predicts headline inflation to be between 1.0% and 1.7% for this year. The Bank of Thailand recently raised interest rates, expecting growth and …

The Thai stock market has hit a 10-year low, prompting investment advisors to advise caution when adjusting portfolios.

Key TakeawaysThe Thai stock market has experienced a significant decline, reaching its lowest point in 10 years, partly due to concerns over international situations and bond yields.The increase in US bond yields, coupled with the Thai government’s digital wallet policy, has led to an oversupply of bonds and impacted the Thai stock market.Investors should remain cautious in the coming year, as the potential economic decline in the US and Europe may lead to an economic recession, while the return and recovery of China’s economy pose additional risks.

The market dropped below 1,400 points, close to the level recorded in 2013. The price-to-earnings ratio is considered moderate and tradable. The decline is attributed to concerns over the international situation and bond yields.

The Thai government’s digital wallet policy and increased borrowing have…

The Ministry of Finance in Thailand has revised its economic growth forecast for 2023 to 2.7%, down from 3.5%, due to weaker exports and lower government consumption.

Key TakeawaysThe Ministry of Finance has lowered Thailand's economic growth forecast for 2023 to 2.7% due to weaker exports and lower government consumption.The Thai economy continues to depend on tourism and domestic consumption as exports remain weak.The ministry predicts a 1.8% contraction in exports this year, but expects a rebound with a 4.4% growth in exports in 2024.

However, they anticipate a higher growth rate of 3.2% for 2024, which does not yet include the impact of the government's planned 'digital wallet' handout scheme.

The Thai economy currently relies on tourism and domestic consumption as exports remain weak. Exports are projected to contract by 1.8% this year but are expected to rise by 4.4% in 2024.

The ministry also lowered the expected number of foreign tourists for this y…

According to SCB EIC’s analysis, the current Israeli-Palestinian conflict is not expected to have a significant impact on the Thai economy in terms of tourism and merchandise exports.

Key Takeaways The global economy is experiencing a slowdown, led by a contraction in the service sector and a slower expansion in the manufacturing sector, with the US economy showing clear signs of slowing down in the fourth quarter. The global inflation rate is expected to accelerate in the coming years, with central banks in the US, Europe, and the UK keeping interest rates high until mid-2024 before gradually reducing them in the latter half of the year. Thailand’s economy is expected to recover through private consumption and the service sector, driven by an increase in international tourists from ASEAN, East Asia, and Europe, as well as a resurgence in Thai domestic tourism, while exports are also expected to rebound in the fourth quarter.

The global economy is currently experi…

Chinese tourists are slow to return to Southeast Asian countries, despite efforts to attract them with visa-free travel.

Key Points Despite efforts to attract Chinese tourists, Southeast Asian nations are still experiencing a slow return of Chinese visitors, impacting their tourism-dependent economies. Chinese tourists who do visit are spending less and haggling for bigger discounts, affecting the earnings of hospitality businesses in the region. Companies in Southeast Asia are reassessing their expansion plans due to the lack of Chinese travelers, with some turning to India as an alternative market.

This is causing a decline in tourism-dependent economies and forcing businesses to reconsider their expansion plans. The number of Chinese visitors to countries like Thailand, Cambodia, and Vietnam has significantly decreased since before COVID-19.

Chinese tourists who do visit are more budget-conscious and are haggling for bigger discounts. The slow recovery i…