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เศรษฐกิจ

ดูทั้งหมด

20 Jul 2021

International Economy

U.S. and China’s legal tools... the prelude to global leadership competition in the new era (Current Issue No.3246)

Since China joined the World Trade Organization (WTO) in 2001, its economy has continuously seen accelerated growth. China’s GDP reached USD 14.72 trillion in 2020, resulting in the narrowing of the economic gap between China and the United States. Meanwhile, China’s bargaining power has significantly increased, generating anxiety on the U.S. side. The approach to China during the Biden presidency has shifted from traditional retaliatory “trade war” measures issued on occasion to a long-term strategic approach as stipulated in the U.S. legal system. The United States has passed a key bill to combat Chinese competitiveness. The objectives can be divided, as follows: ...Read more

16 Jul 2021

International Economy

China’s Target to Become a Carbon-free Country Set to Benefit Thai Exports that Meet Clean Energy Needs (Current Issue No.3245)

In the latest 14th plan for national and economic development, China has set a target to become a carbon -free nation by 2060 or over the next four decades. KResearch, however, is of the view that it will take China some time to achieve that target as its carbon emissions are growing unabated post-COVID pandemic. Presently, Chinese industries that are responsible for greenhouse gas (GHG) emissions, such as coal, iron and steel, cement, thermal energy, chemicals and automobiles, have been under the government’s stringent control. Thai exports related to energy and minerals to China amount to only 2 percent or USD693 million of Thailand’s total shipments during 2020....Read more

15 Jul 2021

Thai Economy

Intensified Impact of COVID-19 Leads KResearch to revise downward Thailand’s 2021 Economic Growth Forecast to 1.0% (Business Brief No.3937)

We, at KResearch, have decided to revise downward our 2021 growth forecast for the Thai economy to 1.0 percent, from a prior estimate of 1.8 percent, because the impact of COVID-19 on the economy has become more severe than previously assessed. Due to limitations of the Thai public health system, more stringent COVID-19 containment measures have been implemented. Such measures have further affected the business sector and employment and in turn the purchasing power and confidence of consumers. Meanwhile, the government’s relief measures, which are expected to help alleviate consumers’ financial burdens, have failed to offset the impact of COVID-19 on the overall economy. ...Read more

แนวโน้มธุรกิจ

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15 Jul 2021

Turnover in 2021 Snack Business Projected to Shrink 4.0% amid Eroding Consumer Purchasing Power (Current Issue No.3242)

KResearch is of the view that the prolonged COVID-19 pandemic, which recently prompted the government to reimpose lockdowns and curfews in high-risk zones, has caused consumers to embrace frugality or thrift. As snacks are generally perceived as non-essential products, their consumption rate is set to grow at a meager pace. In 2021, growth in the snack business will likely be pressured by the projected increases in raw material costs during 2H21, which amount to a sizable share of the total processing costs, especially cereals, vegetable oils, and sugar. ...Read more

14 Jul 2021

Services

Growth potential for health tech in Thailand amid rising demand for health services (Current Issue No.3243)

In KResearch’s view, spending on health tech in Thailand remains modest, at around THB 300-400 million in 2021. However, the COVID-19 pandemic has quickly elevated the role of technology in health services as it helps to reduce risk and provides greater convenience to patients. Moreover, Thailand’s shift to an aged society and consumers trend that favors preventive health behaviors will likely allow the health tech market to perform relatively well in the forthcoming period....Read more

9 Jul 2021

Industry

Turnover in 2021 Snack Business Projected to Shrink 4.0% amid Eroding Consumer Purchasing Power (Current Issue No.3242)

KResearch is of the view that the prolonged COVID-19 pandemic, which recently prompted the government to reimpose lockdowns and curfews in high-risk zones, has caused consumers to embrace frugality or thrift. As snacks are generally perceived as non-essential products, their consumption rate is set to grow at a meager pace. In 2021, ...Read more

ตลาดการเงินและสถาบันการเงิน

ดูทั้งหมด

16 Jul 2021

Financial Institutions

Bank Operating Performance 2Q21 Lower net profit compared to previous quarter; increased provisioning in anticipation of prolonged COVID-19 crisis (Business Brief No.3939)

KResearch expects that the overall performance of Thai commercial banks in 2Q21 may see an increase in net profit over-year since the economy was hit by the first wave of COVID-19 in 2Q20. However, net profit in 2Q21 may dip to a mere THB 34.8 billion, against the THB38.7 billion that was registered in 1Q21. The drop can be attributed to the third wave of the pandemic, which has put renewed pressure on the economy as a whole, and consequently affected the income of commercial banks’ core businesses. Thus, banks must set aside higher loan loss provision....Read more

16 Jul 2021

Financial Markets

The Baht hit a 15-month low, while the SET rose despite pressure from COVID-19

The Baht hit a 15-month low of THB32.80/USD towards the end of the week. The Baht traded within a narrow range earlier in the week, while the US dollar fell on a signal by the Fed Chairman that the Fed would not tighten its monetary policy in the immediate future despite a surge in inflation. However, the Baht fell later in the week on concerns about the domestic COVID-19 situation and vaccine rollout problem. Additionally, the greenback was supported by a stronger-than-expected US weekly jobless claims report....Read more

9 Jul 2021

Financial Institutions

Thai Baht continues to weaken… 2H21 trend hinge mainly on COVID-19 risks and Fed’s signal of monetary policy tightening (Business Brief No.3936)

The Baht has weakened rapidly amid heightened risks from the third wave of the COVID-19 pandemic, which tends to be difficult to control as authorities grapple with COVID-19 variants. As a result, the Baht hit a 15-month low at THB 32.73 per USD (during the trading sessions on July 9, 2021). Meanwhile, risks posed by the prolonged outbreak have widened Thailand’s current account deficit. In KResearch’s view, this is an indicator of the Baht’s weakening fundamentals, as well as a risk to Thailand’s economic recovery over the remainder of 2021. ...Read more