Currency and Interest Rate Outlook
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Ongoing Government Measures to Assist Cost of Living
Household Assistance
Measures
Energy Prices
Elimination of some Oil Fund levies (effective
Diesel Price
35
33
Baht/Litre
27
22222-
Price moves in accordance
with global oil prices
29.99
Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19
--- Retail Price
Price without Subsidy
Details
Train and Bus Fares: Bt500 monthly allowance for welfare card holders to use for bus
and train service
Necessity Goods: A Bt100* grant per month in welfare card to purchase necessity
goods, products intended for education and farming materials from all Blue Flag shops
Cooking Gas: A Bt45 discount each quarter in welfare card for purchasing cooking gas
Allowances (e-Money): Up to Bt 200** for e-Money in welfare card, which can be
withdrawed from an ATM
Water and electricity price: Reduce water and electricity bills and refund meter fees
Diesel Fuel: Government intends to restructure diesel fuel prices to reflect global prices
NGV and LPG Price: Government lowered the NGV and LPG subsidy, allowing retail
selling prices to reflect global market prices
■ NGV price rose to Bt15.31/kg since April 2019, align with global price
LPG prices are as follows:
➤ Household sector: Current household LPG prices are Bt18.87/kg
and Bt16.37/kg for low income household.
➤ Transport sector: adjusted to market price at Bt18.87/kg
➤ Industrial sector: adjusted in line with relevant production costs, currently at
Bt18.87/kg
FT Rate: Fuel Adjustment Tariff (FT) Rate for electricity is set to increase by less than the
actual cost (from May-August 2021, FT rate at Bt-0.1532/unit)
Value-added-tax (VAT) Rate
On August 25, 2020, the Government announced the following VAT Rates:
■Maintain the 7% value-added-tax (VAT) rate until September 30, 2021
Note: *Effective period July- October 2019
** Household income exceed Bt30,000 per annum will get Bt 100 for e-Money
Source: KResearch
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Public Transport Infrastructure Investment 2015 to 2022
Type of Projects
Source of funds
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Project Detail (Total Budget)
Total
projects of
"Thailand
strategic
development of
transport
infrastructure
2015 to 2022"
master plan*
6. Air
Transport
6%
5. Marine
Transport
6%
4. Dual-Track
Railways
15%
3. Bangkok
and Mass-
Transit
system
7. Others
1. High-speed
6%
Rails
34%
LIA
State
PPP
22%
Enterprise TFF
12% fund
1. High-speed Rails (Bt1,006.7 bn)
4. Dual-Track Railways (Bt438.2bn)
2%
2. Motorway & Roads (Bt512.3 bn)
5. Marine Transport (Bt187.6 bn)
Govern
ment
Loan
3. Bangkok and Mass-Transit system (Bt476.7 bn)
6. Air Transport (Bt183.5 bn).
Govern
35%
ment
2. Motorway
& Roads
17%
Budget
29%
Total Budget
Number of projects
Total disbursement
Total projects
119
New vs on-going
projects
Bt3,017,600mn
Project Detail (Expected disbursement in 2021)
Type of Projects
1. Bangkok and Mass-Transit system(Bt48.1 bn)
4. High-speed Rails (Bt30.2 bn)
6. Air Transport
7. Others
2%
1. Bangkok and
Mass-Transit
system
31%
New projects
11%
For 2021, public
infrastructure
investment is
estimated to be
B175bn or 12%
higher than
2020*
5. Marine
Transport
9%
3%
4. High-speed
Rails
16%
3. Dual-Track
Railways
17%
2. Motorway &
Roads
22%
2. Motorway & Roads (Bt40.2 bn)
5. Marine Transport (Bt15.7 bn)
3. Dual-Track Railways (Bt30.8 bn)
6. Air Transport (Bt6.1 bn)
On-going projects
89%
Number of projects
35
31
4
Total disbursement
Bt175.1bn
Bt126.4bn
Bt48.7bn
Expected in 2021
Total projects
On-going projects
New projects
Source: Office of Transport and Traffic Policy and Planning (Thailand strategic development of transport infrastructure 2015 to 2022 master plan) and KResearch (July 2021)
Notes: PPP = Public-Private Partnership, TFF fund = Thailand future fund. Total investment may be reduced due to cutting the scope of work, delay in construction, and allocation of state disbursement for COVID-19 relief measures
* The budget of Bt1.91trn referring "Thailand strategic development of transport infrastructure 2015 to 2022 master plan" are excluded High-speed train (Bt637.3bn) and Suvarnabhumi airport (Bt104.4bn), but our estimation include both of these
projects
บริการทุกระดับประทับใจ
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