Key View 

• At Fitch Solutions, we believe that household spending in Thailand will post positive growth over 2022, continuing the recovery that started in 2021.
• Both retail sales and consumer confidence indices have been showing significant weakness over recent months, especially in light of the more recent Covid-19 wave of infections. 
• We

Key View: Plug-in hybrid electric vehicle market share in relation to battery electric vehicles will lose ground throughout our 2022-2031 forecast period as an improvement in the penetration of public charging infrastructure, local automakers ramping up production of electric vehicles and the introduction of consumer-focused incentives will raise

Key View:

• Thailand will cement its position as South East Asia’s largest electric vehicle EV market due to favourable policies aimed at fast-tracking the adoption of zero-emission vehicles.
• Malaysia and Indonesia will battle for the position of second-largest markets for EVs as the outlook for government intervention to improve the

Key View

• Thailand’s power sector will be able to bear the brunt of potential gas supply shortage from Myanmar, with a downside risk to generation if Thailand is unable to secure gas imports or ramp up electricity generation from other sources in time.
• We expect Thailand to increase electricity imports from Laos to match its electricity

Key View

• At Fitch Solutions, we maintain our view for the Bank of Thailand to hold its policy rate at 0.50% through 2022 to support the ongoing economic recovery; this followed the central bank's decision to stand pat at its meeting on February 9.
• However, we note that the policy space for BoT to maintain its accommodative monetary policy is

Key View

• We have revised downwards our forecast CAGR for Thailand’s medical device market amid persistent challenges to the domestic economy due to Covid-19.
• Thailand’s medical device market will benefit from increased investment into the country’s healthcare sector.
• The revival of medical tourism in Thailand as the government looks to

Key View

• We at Fitch Solutions maintain our view that the Bank of Thailand (BoT) will keep its policy rate on hold at 0.50% through 2022, despite inflation rising and external monetary tightening.
• The threat to Thailand’s economic recovery posed by omicron, the BoT’s willingness to allow for a weaker Thai baht and subdued core inflationary

Key Views:

• As a state-owned oil and gas enterprise (SOE), PTTEP’s main focus will be on maintaining oil and gas production from existing mature domestic assets.
• In addition to maintaining production, PTTEP also plans to develop assets for future output growth, although the bulk of such efforts will focus on progressing projects that are

Key View

• Thailand's second and third-largest telecoms companies, True and DTAC, are considering a merger of their mobile operations. The resulting entity would become the country's largest operator.
• DTAC would be the main winner, benefiting from a dramatically improved market share and spectrum portfolio. AIS would be particularly vulnerable