PM admires Thailand’s No.1 rank on Bloomberg’s Top Emerging Markets list

 

   

BANGKOK (NNT) - Thailand now ranks at the top of Bloomberg’s list of top emerging markets for next year, with the Prime Minister welcoming the ranking which reflects confidence in the country’s economic recovery.

 

The Government Spokesman Anucha Burapachaisri reported today that Prime Minister and Minister of Defence Gen Prayut Chan-o-cha has welcomed the ranking of Thailand as the number one country on Bloomberg’s Top Emerging Markets list, indicating high potential for Thailand’s economic recovery thanks to the government’s economic stimuli and investment promotion measures.

 

The U.S. media firm has conducted studies on the 2021 outlook in 17 emerging markets, covering Thailand, Russia, China, South Korea, Malaysia, and Indonesia, and based on 11 indicators of economic and financial performance.

 

Among these markets, Thailand received the top ranking thanks to the country’s reserves and potential for portfolio inflows.

 

The report has however noted concerns on the distribution of COVID-19 vaccine, plus concerns on the economic impact of the pandemic in developing countries, including Thailand which relies heavily on the tourism industry, saying that the Thai government has made well-rounded preparations with strict disease control measures, cooperation with partnering countries on vaccine research and development, which covers preparations for the mass production of anti COVID-19 vaccine, and the designation of the vaccine as public property to ensure all people will have access.

 

As for the country’s economy and tourism industry, the government has launched economic stimulation measures such as the 50:50 co-pay campaign, the Travel Together tourism subsidy campaign, and personal income tax discount campaign.

 

The government has been working to hasten infrastructure development, from transportation to energy, water management, communications, as well as the investment promotion plan for the Eastern Economic Corridor (EEC) project.

 

 

-- © Copyright NNT 2020-12-21

 

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Credit where credit is due. Well done

We hear much about these reserves but much less about the location or its use in a disastrous pandemic which begs the question what and who is it really reserved for ????

16 minutes ago, WHansen said:

Credit where credit is due. Well done

Indeed, hubris coming......

Yet exports are being hit hard because of the rising Baht.  You can not emerge in a market if your products can not ship either and you have out of control inflation. Otherwise good job Thailand at making a list written by Bloomberg who has been wrong so much lately with their predictions and stories, and have killed stories relating to it's owner as well as any negative ones on China.

I'm still going to hope that Bloomberg is right on this one. Come 2021, just about anything could happen.

After Pinocchio's gov

* being labeled the "most corrupt" Thai government in recent history

* Thai exports being hit due to high Thai Baht

* Human rights abuses over the protests and section 112 use

 

Bloomberg needs to take a much closer look at this Thai economy!

4 hours ago, WHansen said:

Credit where credit is due. Well done

Credit might soon be Thailands downfall... too much credit.

7 hours ago, WHansen said:

Credit where credit is due. Well done

Hilarious 

Bloomberg is like NIDA.. A joke 

3 hours ago, HaoleBoy said:

After Pinocchio's gov

* being labeled the "most corrupt" Thai government in recent history

* Thai exports being hit due to high Thai Baht

* Human rights abuses over the protests and section 112 use

 

Bloomberg needs to take a much closer look at this Thai economy!

They are reporting on basic financials and they know nothing. It's <deleted> 

4 hours ago, HaoleBoy said:

After Pinocchio's gov

* being labeled the "most corrupt" Thai government in recent history

* Thai exports being hit due to high Thai Baht

* Human rights abuses over the protests and section 112 use

 

Bloomberg needs to take a much closer look at this Thai economy!

 

Bloomberg is for sale. They've already been caught out and admitted to covering up corruption in China, because they didn't want to lose their Bloomberg terminal sales in China. Bloomberg worries about its cash cow first. Any truth you get from their news reporting is entirely incidental.