Article & Research

30-01-2017

Thailand Economic Overview in 2016 and Prospects for 2017

In the first nine months of 2016, the Thai economy grew around 3.3% from the same period last year. TRIS Rating expects that the Thai economy in 2016 will expand at 3%, compared with the rate at 2.8% in 2015.

09-12-2016

Mass Transit Industry

As the capital of Thailand and a popular destination for tourists, Bangkok is encountering a great demand for fast and reliable.

16-11-2016

Rubber Industry

An oversupply of natural rubber (NR) has continued to ease since 2014. Worldwide NR production grew at a slower pace as the prolonged drops in NR prices caused producers to limit expansion plans.

29-09-2016

Hotel Industry

Reports issued by the Department of Tourism showed the number of tourist arrivals during the first half of 2016 grew by 12% compared with the same period in 2015.

14-09-2016

Bond Market Update

The growth of corporate bond market in Thailand remains strong, with debenture issuance reaching a record high in 2015 and set to rise further.

09-08-2016

Sugar Industry

El Nino related weather effects during the 2015/16 crop year cut sugar production worldwide.

07-06-2016

Livestock Industry

The livestock sector in Thailand is expected to recover from cyclical downturn in 2015 on the back of growing demand from both domestic and export markets, and manageable feed costs.

22-04-2016

Residential Property Developers

TRIS Rating maintains a “stable” outlook on the residential property development sector for 2016.

05-02-2016

Hotel Industry

The hotel business in Thailand grew satisfactorily in 2015, rebounding from 2014.

28-01-2016

Thailand Economic Overview in 2015 and Prospect for 2016

TRIS Rating believes the overall economy of Thailand in 2015 faced several major headwinds such as low agricultural prices, a slowdown in Chinese economy, and the prolonged contraction in private investment.

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Country in Focus: Thailand

Thai economic growth could slow to 1.8% in 2025 from US tariffs fallout. US tariffs would directly impact the Thai economy through a deteriorating trade balance. Indirect impacts could include fewer international tourists especially from China, delays in private investment, and dampened private consumption.

Regulated Power

TRIS Rating maintains a "stable" credit outlook for Thailand’s regulated power industry. The US reciprocal tariff is expected to have a milder impact on power operators compared to other industries. Thailand’s power demand is projected to remain steady, supported by growth in S-curve industries and increasing EV adoption. However, smaller operators will be under closer monitoring regarding liquidity and refinancing capabilities.