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From ASEAN Darling to Investor Concern: Indonesia at a Crossroad

The airline industry should see conditions return to their pre-COVID state by 2025, helped by an improving outlook for the global economy,On the domestic front, the Thai economy will benefit from the ongoing rebound in the tourism sector, while the government will help to maintain growth trends by rolling out stimulus measures targeting high-potential consumer groups including long-term residents, the elderly, those traveling in support of their personal wellness, competitors in sports competition

The hotel business will enjoy a steadily improving outlook over the next three years. However, recovery will remain only sluggish through 2022 given the limited number of tourist arrivals, and in particular the continuing depressed state of the Chinese market, where the government is still strictly implementing Zero-COVID policy. In addition, the global economy is facing significant headwinds as a result of the outbreak of Russia-Ukraine war, and this too is weighing on the industry. Nevertheless, the number of foreign arrivals should build at an accelerating rate through 2023 and 2024, and by 2025, the industry is expected to return to its pre-COVID level of 38-40 million arrivals annually.

Thailand’s power generation industry is structured in line with the enhanced single-buyer model with state bodies being the sole buyers and distributors

Thailand’s power generation industry is structured in line with the enhanced single-buyer model with state bodies being the sole buyers and distributors

Regional Economic and Policy Developments in February

Total remittances are expected to drop by between 9.9% and 18.6% from baseline in 2018

Global: Rate hike cycle will end soon; restrictive policies will continue to dampen growth

Middle East war risks may cause the Fed to hold rates; China pins hopes on stimulus, while Thailand prepares mitigation measures.

Trump signals the peace deal with Iran inches closer; Thai Chuay Thai Plus expected to support short-term consumption.