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The export value of Thailand’s electrical and electronics goods this year is expected to drop 1.6 per cent year-on-year to US$53.085 billion, given that the economies of major markets of China, Asean, and Japan have yet to recover, according to Electrical and Electronics Institute.
The value of electrical exports is projected to drop 0.8 per cent year-on-year to $22.22 billion, while electronic product exports are expected to drop 2.3 per cent to $30.86 billion. The export value of both electronics and electrical products in the first six months of this year was $25.7 billion, down 4.7 per cent over the same period last year. The US is still Thailand’s No-1 export market of the electric and electronics products, followed by Asean, EU, Japan and China.
The value of electrical product exports alone stood at over $11 bn in the first six months, down 4 per cent year-on-year. Of that, exports to Asean accounted for the biggest share of $2.54 bn, down 1.2 per cent, Japan $1.46 bn, down 1.57 per cent, the US $1.435 bn, down 14.3 per cent. The value of electronics product exports in the same period was $14.6 billion, down 5.25 per cent. The three biggest markets are US, Asean and EU.

KASSET’S AUM EXCEEDS BT1 TRILLION

Kasikorn Asset Management celebrated another milestone, when the assets under management exceeded Bt1 trillion for the first time. As of July 31, its AUM stood at Bt1.005 trillion. This maintained the fund company’s position on the top of the league, it said in a statement. According to the Association of Investment Management Companies, at the end of 2015 the industry’s AUM stood at Bt4 trillion, or 30 per cent of gross domestic product. The amount accounted for about 33 per cent of Thailand’s combined deposits of Bt12.15 trillion.