2024 January

IMF projects 4.4% GDP growth for Thailand in 2024, driven by short-term stimulus. Ministry targets 1.99% export growth, citing a rise in rice exports. NESDB reports 1.8% economic expansion in 2023, impacted by contractions in manufacturing and exports. Constitutional Court allows Pita Limjaroenrat’s return as an MP after six months. Thailand’s household debt expected to reach 16.9 trillion baht, 91.4% of GDP, with NPLs estimated at 152 billion baht according to TMB.

The government may review the land bridge project if a feasibility study finds that it is not worth of the investment budget. The Thai Bond Market has issued an Investor Caution for MK Real Estate Development because they seek approval for revising the financial terms. The Bank of Thailand has reaffirmed its choice to stay the policy rate at 2.5%, asserting that this decision aligns with the fundamental principle. Digital Wallet might be delayed, said the Deputy Finance minister. He wants to consider all information carefully, especially the Council of State’s legal opinion. The SEC has removed the upper limit on retail investment in real estate and infrastructure-linked initial coin offerings.

In December 2023, Thailand’s Consumer Confidence Index rose to 62.0 due to government initiatives. The Stock Exchange plans to extend trading hours, and Prime Minister Srettha Thavisin endorsed over 5 billion baht for projects in 11 industries. The Thai National Shippers Council forecasts a 1% export contraction in 2023, with a 1-2% expansion in 2024. The cabinet approved a new Clean Air Bill, and the Bank of Thailand reported increased confidence among accommodation operators, with a 68% average occupancy rate in December 2023.

The JSON data contains information about a webpage built using the Elementor WordPress plugin, showcasing various elements like text, images, and formatting settings. The content covers topics such as Thailand’s macroeconomics, industry updates (including tourism, real estate, and energy sectors), and financial indices like the SET Index and the USD/THB exchange rate. The provided JSON includes detailed text editor configurations and styling for the content on the webpage.

Foreign investments slightly dropped but totaled 98.288 billion baht, generating 6,086 jobs. However, November’s 4.71% decline in the MPI resulted from slow economic growth, high household debt, and trading partner slowdowns, affecting industrial output.