purchasing power. However, from Sep-21 onward, restrictions were gradually lifted, resulting in some improvement in consumer spending. Meanwhile, competition in mobile industry remained elevated as operators
effectively managed, although inventory days increased from 28 days to 40 days. This was a result of an elevated handset stock-to-sales ratio due to the government tax campaign in early 2024, which postponed
For residential purpose Not exceeding 0.3 percent of tax base For commercial purpose/undeveloped land Not exceeding 1.2 percent of tax base (For undeveloped land, rate will be raised by 0.30 percent
outflows. At the same time, the Chinese economy in the third quarter cooled amid concerns over the trade dispute between China and the US, after the US raised tariffs on certain products imported from China
assets. Aside from government bonds of core economies, they raised their holdings of Thai assets thanks to Thailand’s healthier fundamentals when compared with regional peers. The Thai Baht therefore
, domestic demand would be restrained by elevated household debt, some signs of moderation in earnings and employment in the export-related manufacturing sector, as well as public spending and public
household debt remained elevated, economic expansion had yet to benefit household income in a broad-based manner, and the low level of some agricultural price resulting in a gradual improvement. Private
. On the domestic front, elevated household debt remains a constraint to purchasing power. In the meantime, domestic political situation also warrants monitoring as the government is preparing for an