Thailand’s economy still recovering from devastating floods
Flood sufferers row a boat past an old pagoda submerged in the flood in Thailand on 11 October 2011. The floods damaged key industries across the country, including agriculture and manufacturing, and brought on a sharp drop in output, with GDP growth for the fourth quarter of 2011 dropping to negative 9 per cent. (Photo: AAP)

Author: Bandid Nijathaworn, ThaiBMA and IOD

Thailand is emerging from one of the worst floods in history.

The floods, which struck in the second half of last year, damaged key industries across the country, including agriculture and manufacturing, and brought on a sharp drop in output, with GDP growth for the fourth quarter of 2011 dropping to negative 9 per cent. Read more…

Thailand: from financial crisis to financial resilience
An investor checks the stock prices on monitors at a private trading room in Bangkok (Photo: AAP)

Author: Bandid Nijathaworn, Thai Bond Market Association

The development of Thailand’s financial sector has been a story of restructuring, adjustment and renewal, following the devastating effects of the Asian financial crisis in the late 1990s.

The crisis was very costly to the Thai financial system, with an estimated gross fiscal loss equivalent to about 33 per cent of 2006 GDP. Read more…