2023 August
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Thailand Microeconomic Weekly Update #35
- August 30, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
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The Tourism Authority of Thailand aims to attract more couples from Hong Kong for destination weddings, leveraging their potential. They currently host weddings annually, with a portion being from the affluent new generation. Hong Kong tourists are targeted to increase, with an average daily expenditure rise. Future plans include an increase in spending and an ambitious goal of drawing Hong Kong tourists by 2024.
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Philippines Microeconomic Weekly Update #44
- August 25, 2023
- Posted by: Julia Garcia
- Category: Weekly Updates
BSP expects GDP below DBCC targets due to slow growth, global factors, and policy adjustments. BSP’s MB maintains rates: reverse repurchase 6.25%, deposit 5.75%, lending 6.75%. Inflation forecast upgraded: 2023 – 5.6%, 2024 – 3.3%, 2025 – 3.4%. BSP keeps credit card rates: max balance rate 3% per month (36% annually), installment loan add-on rate 1%.
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Thailand Microeconomic Weekly Update #34
- August 22, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
In July, the Industrial Sentiment Index fell to 92.3 from June’s 94.1, accompanied by a decrease in the forward-looking FTI index. Laem Chabang Port’s Phase 3 construction is at 58%, a top project in the Eastern Economic Corridor. Thailand and Vietnam target a $25B bilateral trade by 2025. Foreign investment in Thailand rose by 17% in investor numbers but declined by 20% in value over seven months. El Niño will lower Thailand’s hydroelectric purchase from Lao PDR by up to 4 billion units. July’s Thai household spending averaged 18,130 baht, slightly dropping but still considered high, per the Trade Policy and Strategy Office.
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Thailand Microeconomic Weekly Update #33
- August 14, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
Mr. Yol Phokasub, the Chief Executive Officer of Central Retail Corporation Public Company Limited, has devised a plan to convert Family Mart, a convenience store brand under CRC’s umbrella, into TOPS. This strategic change aims to rapidly respond to prevailing market trends. Consumers are in search of convenience stores that provide a broader range of products. TOPS fits perfectly into these preferences by offering a 250-300 square meter space filled with a diverse product selection, aligning with and fulfilling consumer demands
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Philippines Microeconomic Weekly Update #43
- August 10, 2023
- Posted by: Julia Garcia
- Category: Weekly Updates
the Value of Production Index (VaPI) showed a slower annual growth of 3.9%, compared to May’s 9.9% and June 2022’s 7.8%, primarily driven by a 0.4% dip in food product manufacturing, responsible for a 36.8% contribution to the overall VaPI reduction. Likewise, the Value of Net Sales Index (VoNSI) for manufacturing rose by 3.4% in June 2023, in contrast to May’s 7.7% surge. This deceleration in VoNSI growth aligned with three sectors affecting VaPI: food product manufacturing (-3.2%), fabricated metal products (-36.4%), and beverages (-7.7%).
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Philippines Microeconomic Weekly Update #42
- August 9, 2023
- Posted by: Julia Garcia
- Category: Weekly Updates
AyalaLand Logistics (ALLHC), the industrial lot sales arm of Ayala Land (ALI), experienced a sudden 35% surge in its stock price in the final moments of trading. After trading in a narrow range for three days, ALLHC jumped to ₱3.04 with a significant trading volume of 4.5 million shares. The PSE previously announced ALLHC’s removal from its MidCap index, effective August 7.
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Thailand Microeconomic Weekly Update #32
- August 7, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
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Thailand Microeconomic Weekly Update #31
- August 1, 2023
- Posted by: Julia Garcia
- Categories: Thailand Weekly Economic Update, Weekly Updates
The Ministry of Finance has adjusted Thailand’s economic growth projection for this year to 3.5%, representing a slight decrease of 0.1 percentage point from the previous estimate. In June 2023, Thailand’s exports experienced a decrease of 6.4%, attributed to the sluggish economy of a trading partner country, which faced pressures from exchange rate volatility and high interest rates. Additionally, Thailand’s manufacturing production index (MPI) in June contracted by 5.24% from the previous year due to the decline in exports.