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Thailand's Average Annual Economic Growth Seen Accelerating to 2.2% Through 2035

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Thailand's average annual economic growth is expected to accelerate to 2.2% from 2026 through 2035, according to the latest Southeast Asia Outlook report published Wednesday by DBS Group, Bain & Co., and Vriens & Partners.

The projection, pinned down by an "aging population and fragmented politics," is faster than the average annual growth rate of 2% between 2016 and 2025 but slower than the 3.4% average between 2006 and 2015.

The forecast for the country is slower than the broader 4.8% growth outlook for the region's six major economies, which include Indonesia, Malaysia, the Philippines, Thailand and Vietnam, for the 2026 to 2035 period.

What else is happening in Asia?

Asia

Guangdong Skychem Technology Proposes Hong Kong Listing; Shares Up 4%

Guangdong Skychem Technology (SHA:688603) plans to list its H shares on the Hong Kong bourse to advance its globalization strategy and build an international capital operation platform.The proposal requires approvals from the board and shareholders as well as Chinese and Hong Kong regulators, according to a Wednesday filing with the Shanghai bourse.Shares of the electronic chemical manufacturer climbed 4% in recent trade.

Hang SengSHA:688603
Asia

Market Chatter: Anthropic to Open Office in Singapore in October

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^STI
Asia

Range Intelligent Computing Technology to Commit 1 Billion Yuan to AI Fund

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SHE:300442