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Econ Digest

6 Aug 2020

Econ Digest

Fierce competition in the food delivery application industry

Due to the outbreak of the COVID-19 epidemic in Thailand, the government has imposed stringent measures to temporarily restrict the commercial sector from providing services, severely affecting the restaurant industry, only retaining takeaway channels with food being delivered to residences. As a re... Read more

4 Aug 2020

Econ Digest

MPC Meeting on August 5, 2020: Policy rate likely on hold at 0.5%

KResearch estimates that at the Monetary Policy Committee (MPC) Meeting on 5 August, the Committee will put the policy rate on hold at 0.50% to gauge the domestic economic conditions, especially for 2Q20 GDP which is expected to be the largest contraction of the year. If the economic contraction is... Read more

31 Jul 2020

Econ Digest

Gluten free, a popular trend in free-from foods An opportunity to promote a new champion product from “Thai cassava”

Gluten-free foods are foods that do not contain the gluten protein found in wheat, barley and oats. Gluten ingestion affects the immune system of people who are allergic to this type of protein, known as a gluten allergy or celiac disease, causing abnormalities in the digestion system and in food ab... Read more

30 Jul 2020

Econ Digest

Gluten-free flour can bring an added value of up to THB 486 billion to fresh cassava

Thailand is a major exporter of primary agricultural products in the world, but given the fluctuation of the prices of agricultural products while the global economy adapts to the new normal, the development of added value for agricultural products is an urgent task. The processing of agricultural p... Read more

29 Jul 2020

Econ Digest

Thailand’s Environmental Performance Index improves in 2020, boosting confidence in trade and investment

Thailand’s 2020 Environmental Performance Index (EPI) has risen to 78th in the world, up from 121st in 2018, which is better than the global average and better than similarly ranked countries such as China and the Philippines. However, with the current problems of PM 2.5 particulates, water and drou... Read more

27 Jul 2020

Econ Digest

Fed to keep policy rate steady at 0.0-0.25% during July 28-29 meeting…and may embrace Yield Curve Control if the US economy downturn lasts longer than expected

KResearch expects that the Fed will maintain its policy rate at 0.0-0.25 percent during the Monetary Policy Committee Meeting on July 28-29, 2020, as the measures previously implemented by Fed should be sufficient to support a US economy that shows weak tendencies and will take longer to recover. ... Read more

25 Jul 2020

Econ Digest

Despite Thailand’s exports shrinking by 23.2% in June, the exports of food products grew by 6.8% as lockdown measures abroad boosted the demand for Thai food products

The value of Thai exports in June 2020 stood at USD 16,444 million, shrinking 23.2 percent YoY. As a result, Thai exports contracted by 7.1 percent YoY during the first half of 2020 due to the severe impact of the COVID-19 pandemic and the enforcement of lockdown measures abroad, which resulted in w... Read more

24 Jul 2020

Econ Digest

Growth opportunities for digital lending in Thailand remain dependent on access to data and investment in digital technology

Digital lending is a loan service carried out through online platforms such as applications and websites, and which uses alternative data other than information from bank statements or income for credit approval while using AI technology or Big Data Analytics to speed up the credit approval process.... Read more

21 Jul 2020

Econ Digest

Hong Kong, a cause to reignite US-China trade war

The recent revocation of Hong Kong's special status by the United States on July 15, 2020, serves to reignite its ongoing trade feud with China, ahead of the 2020 United States presidential election. KResearch views that the United States has persistently exploited China's sensitive issues, utilizin... Read more

20 Jul 2020

Econ Digest

Effective prevention and control of the COVID-19 pandemic drives 2Q20 China’s economy up by 3.2% YoY…China will resume domestic tourism to support the consumption and employment of more than 28 million people

The Chinese economy reverted to a growth of 3.2 percent YoY in 2Q20, versus the 6.8 percent YoY contraction reported for 1Q20, thanks to the government's effective measures in combating the coronavirus (COVID-19) pandemic, thus allowing economic activity in the country to return to normalcy. Its ind... Read more