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

Key View

• Boku's extension of its M1ST mobile payments platform into Thailand, through agreements with TRUE and LINE, is positive for Asia's fastest-growing electronic payments market.
• The move exposes Thailand's large and fast-growing mobile payments users to more online-only vendors, both within Thailand and globally.
• It also poses both an

Key View

• We at Fitch Solutions forecast the Thai economy to grow 3.7% in 2022, revised slightly down from 3.9%, reflecting slightly reduced base effects.
• In Q321, the economy contracted 1.1% q-o-q, but this proved less than expected and domestic consumption activity is proving strong in Q421, leading us to revise up our 2021 real GDP growth

Key View

• We expect Thailand to continue its strong renewables growth momentum over the coming decade, as the government continues to advance their drive towards sustainability.
• Thailand’s growing agriculture and bio-based industries, supported by its five-year economic recovery model, will play a key role in the country’s acceleration of

Key View

• We at Fitch Solutions have revised down our forecast for Thailand’s real GDP growth from 1.9% to 0.9% in 2021, owing to a small contribution from net exports.
• Rising import costs, supply-chain disruptions and slowing Chinese growth will see net exports rebound less than we had forecast, and we maintain our outlook for subdued private

Key View

• We at Fitch Solutions believe the Bank of Thailand (BoT) will keep its key policy rate on hold at 0.50% through Q421 and 2022, as it looks to maintain an accommodative stance amid Thailand’s economic struggles.
• Inflation will average lower amid economic disruptions and we have revised our forecast from 1.0% to 0.6% in 2021, whilst

Key View

• Thailand will see an increase in deployment of digital health.
• Thailand offers a conducive environment for investment in digital health.
• Headwinds will slow the update of digital health.

Thailand will see an increase in deployment of digital health with the aim to enable early-stage interventions that can improve health as