Thailand still anchors hope to 21.6% import growth

Hopefully the unimpressive exports growth will be offset.

According to OCBC, Q3 GDP growth slowed to 3.0% yoy, while Q2 GDP growth has been revised higher to 4.4% yoy from 4.2% yoy previously. At this juncture, our 2013 GDP growth projection is at 4.3% yoy – lower than the 4.5-5.5% official forecast penciled in by the government.

Here's more from OCBC:

October export growth came in disappointing at 15.6% yoy, below our forecast for a 22.0% yoy expansion, and suggested little sequential growth if we take into account the low base effects.

At the same time, however, the strong 21.6% yoy import growth continues to indicate a very supportive domestic economy and we think that this will help to offset the drag created by external demand.

A minimum wage of THB 300 daily will be implemented across all other 70 provinces starting next year, following an earlier implementation this year in 7 provinces including Bangkok.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia