SCB holds 'Thailand Ahead' investment symposium

[webfact]

SCB holds 'Thailand Ahead' investment symposium

BANGKOK, 9 March 2016 (NNT) - The Siam Commercial Bank on Tuesday held the SCB Investment Symposium, entitled "Thailand Ahead," at the Grand Hyatt Erawan Hotel in Bangkok.

The forum gathered economic, capital market, and investment gurus to share their perspectives on management planning and dealing with challenges effectively. Speakers at the event included President of the Stock Exchange of Thailand Kesara Manchusree, Director of the Fiscal Policy Office's Macroeconomics Analysis Division Pisit Puapan and SCB's Managing Director Narongsak Plodmechai.

SCB President Yol Phokasub said that Thailand's economy this year is expected to recover gradually and should expand by no less than 2.5%. He said the country's economic growth should be driven by domestic demand, especially from government's infrastructure mega projects.

Meanwhile, the FPO's Dr. Pisit told media outlets about the possible directions of the government's economic policy this year. He spoke about measures to help low-income earners and support investments. Dr. Pisit also lamented the difficulties brought about by the Chinese economic slowdown, the plunge in and commodity prices, as well as uncertainty involving foreign economic policies.


-- NNT 2016-03-09

[Strangebrew]

I'm sure the fire department was on hand to put out fire's from investors pulling cash out of there pockets so fast.

[Srikcir]

Thailand's economy this year is expected to recover gradually and should expand by no less than 2.5%.

We're not even past 2016Q1 and growth predictions for 2016 have already fallen this year from 3.5% by BOT and from 4% by Standard Chartered Bank (Thailand). One of the most deciding factors are exports. They were projected to grow 3-5% this year but now expected to contract up to 8%.

Even projected growth of 2.5%+ may be optimistic because of another factor: China

"But China’s struggling economy hurts Asean members dramatically. The country is slumping and each new report shows that there are vital problems underlying China’s slump that will take years to fix. Economic forecasts for emerging markets are taking direct hits from China, and Thailand’s growth is expected to contract from 2.5% GDP growth in 2015 to just 2.0% growth in 2016." Thailand the Weakest ASEAN Economy in 2016 by Jacob Maslow.

Rather than looking ahead, Thailand needs to watch its behind.

[Redline]

Ahead

[phoenixdoglover]

I had to look at who wrote this article.

Ah, it's NNT.

"Where never is heard,

A discouraging word,

And the skies are not cloudy all day."

[Praematura]

It's surreal. Someone tell our boy it's him that is a drag on gdp...