2014-01-09 08:48:03 - Thailand Infrastructure Report Q1 2014 - a new market research report on companiesandmarkets.com
The short-term outlook for Thailand´s construction sector has significantly deteriorated, as the ongoing political crisis in Thailand has heightened our previous concerns towards the sector. These include delays in implementing several initiatives intended to spur infrastructure development, and the limited potential for growth in the residential and non-residential building sector. As such, we have revised down our full-year construction forecasts for 2013 and 2014, with construction real growth reaching 3.7% (previously 5.2%) in 2013 and 3.5% (previously 4.5%) in 2014.
In October 2013, the Thai Ministry of Energy announced that it would be amending the country´s power development plan (now between 2013 and 2033) before the end of 2013. According to the Ministry´s Energy Policy and Planning Office (EPPO), key amendments
would include prioritising coal as the preferred fuel for power generation and recommending stepping up imports of hydropower from neighbouring countries. Further details have not yet been provided.
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