Scaling Up In Asia Pacific’s Logistics Sector Industrial transaction volumes in the first three quarters of 2018 (~USD 19.2 billion) are 29% higher than in the same 2017 period Platform and entity level deals, capital partnering and joint ventures, and portfolio transactions are becoming increasingly common in Asia Pacific’s logistics sector. The reasons why are…
Central Group, Thailand’s biggest shopping Central and department store operator, is planning to invest US$200 million (6.3 billion Thai baht) in ride-hailing giant ‘Grab’, according to sources ‘familiar with the matter’ today. The deal seals a strategic partnership where the Thai retail giant will help Grab expand its business in Thailand. Central Group would invest…
After a strong start to the year, which saw the economy expand by 4.9% and 4.6% year-on-year (y-o-y) in the first and second quarters, respectively, growth moderated to 3.3% in the third quarter, according to November figures from the National Economic and Social Development Board (NESDB). Seasonally adjusted, the third quarter showed no increase from…
The Asian Development Bank (ADB) has slashed its economic growth forecasts for Thailand to 4.3% this year and 4.1% next year as the global economy sputters. The growth forecast for 2018 was trimmed from 4.5% predicted in September to 4.3% after the third quarter expansion slowed to 3.3% from 4.6% in the second quarter, according…
The Deputy Prime Minister for Economic Affairs has revealed that Thailand’s GDP growth this year is likely to end above four percent and that over 2 trillion baht is to be invested by the state in mega projects next year. Speaking at Thailand’s Economic Outlook 2019, Deputy Prime Minister Somkid Jatusripitak pointed out that if 3.3…
Navigating Uncertainty, the October 2018 edition of the World Bank East Asia and Pacific Economic Update Despite a less favorable external environment, the growth outlook for developing East Asia and Pacific (EAP) remains positive, according to the latest World Bank economic report on the region. Growth in developing EAP is expected to be 6.3 percent…
In 2016, the average occupancy rate rose from the previous year’s 65.1% to 67.8% Occupancy rates and revenue for hotels will tend to grow in line with continuing growth momentum of the markets for both domestic and international tourism, in particular for increases in the number of Chinese tourists coming to Thailand, who currently account…
Thailand’s statistics agency raised its growth forecast for this year to 4.2 percent to 4.7 percent Thailand’s first quarter growth has expanded by 5 year high of 4.8 percent, according to the country’s economic monitoring agency. Deputy Secretary-General of the National Economic and Social Development Board, Wichayayuth Boonchit revealed that the high growth was attributed…
THAILAND’s GDP growth 2008-2018 Infogram A spate of public and private positive forecasts have revised up Thailand’s GDP growth projection for 2018 to over 4 per cent. Earlier this week the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) increased the group’s 2018 GDP projection from growth of 3.8-4.5% to 4.0-4.5% after witnessing…