ABOUT EIC
ECONOMIC INTELLIGENCE CENTER
" Insightful economic and business intelligence for effective decision making. "
EIC | Economic Intelligence Center,
a unit of Siam Commercial Bank Public Company Limited, is established to provide business executives with valuable insights for effective decision making.

EIC offers in-depth macroeconomic outlook and sectorial impact analyses based on on- the-ground research and dialogues with businesses. We evaluate market situations and business implications through forward-looking risk factors and potential consequences. EIC aims to provide SCB Group of companies, employees and clients with accurate and up-to-date information for effective strategic planning and business execution.

EIC also offers advisory services addressing business issues such as growth opportunities, competitive landscape assessment, and market entry strategy. We strive to help our clients make confident decisions and grow their businesses competitively and successfully.
EIC TEAM
YUNYONG THAICHAROEN , PH.D.
Chief Economist and First Executive Vice President
Yunyong Thaicharoen is a First Executive Vice President of the Economic Intelligence Centre (EIC), a strategic unit of Siam Commercial Bank Public Company Limited (SCB). Prior to joining SCB, Yunyong was a Director at the Monetary Policy Department, Monetary Policy Group, Bank of Thailand which oversees overall monetary policy analyses and recommendations on interest rate, exchange rate, and capital flow policies. He also held the position of Director of the Capital Market Research Institute at the Stock Exchange of Thailand.

Yunyong is an expert on macroeconomics, monetary policy, and capital market. He frequently gives lectures to public seminars, as well as to organisations both domestically and abroad. Yunyong is also a special instructor at various academic institutions.

Yunyong holds a doctorate in economics, specialising in monetary policy and international economics, and a bachelor’s degree in economics from Massachusetts Institute of Technology (MIT) under a scholarship from the Bank of Thailand.
ECONOMIC AND FINANCIAL MARKET RESEARCH
PHACHARAPHOT NUNTRAMAS, PH.D.
HEAD OF ECONOMIC AND FINANCIAL MARKET RESEARCH
Phacharaphot Nuntramas is an economist with extensive experience in Thailand’s banking industry. He currently leads a team of economists covering global economic development and drawing business implications for Siam Commercial Bank (SCB) and the bank’s clients. Previously, he was in Credit Risk Analytics Division under Risk Management Group, responsible for macro-prudential risk monitoring and stress testing.

Before SCB, Phacharaphot was Assistant Professor of Economics at San Diego State University, USA. His areas of interest include macroeconomics and international finance, and his academic research was published in the Journal of International Money and Finance. He was also an intern at the Board of Governors of the Federal Reserve System in Washington DC.

Phacharaphot received a Bachelor of Arts (First Class Honors) in Economics from Thammasat University and a doctorate degree in Economics from the University of Michigan, Ann Arbor, USA.
KITTIPONG RUEANTHIP
SENIOR ECONOMIST
Kittipong has research experience in development economics, labor economics and financial economics. He has extensive knowledge in micro-econometrics and utilizing household data. He used to work as a researcher at the Thailand Development Research Institute (TDRI) and a visiting research fellow at a graduate school of economics, Nagoya University.

Kittipong graduated in Bachelor of Economics, International program, from Thammasat University and Master of Development Economics from University of East Anglia (UEA), UK. He is expected to receive a Ph.D. in Economics (English program) from the University of the Thai Chamber of Commerce under the Thai Royal Jubilee Scholarship. During Ph.D. study, he has experience as an exchange student at Massachusetts Institute of Technology (MIT), USA.
KRASAE RANGSIPOL
SENIOR ECONOMIST
Krasae has experience in the area of macroeconomic analysis and forecast. He specializes in using quantitative models as a tool. He formerly worked as a researcher in the macroeconomic program at the Thailand Development Research Institute (TDRI). After that, he worked for the Fiscal Policy Office (FPO) as an economist. At the FPO, he was responsible for producing quarterly macroeconomic forecasts as well as public policy analyses.


Krasae received his Bachelor's degree in Economics with a Quantitative Economics major from Chulalongkorn University. He was awarded a Royal Thai Government scholarship to pursue a Master of Science in Economics degree from University of Warwick, UK. He also received certificates for various training courses from the International Monetary Fund (IMF).
THANAPOL SRITHANPONG, PH.D.
SENIOR ECONOMIST
Thanapol has experience in conducting research in the field of international economics and has worked on several empirical studies concerning the Thai economy, especially concerning micro-level analysis. His firm-level studies are related to international trade, foreign direct investment, and firm performance by utilizing applications from microeconometrics and business economics. Apart from academics, he had an internship experience at Siam Commercial Bank Asset Management (SCBAM) and the Bank of Thailand in the Monetary Policy Group during his undergraduate studies. He also worked as an information officer for the Tourism Authority of Thailand (Tokyo Office) during his studies in Japan.


Thanapol received a Bachelor of Arts (First Class Honors with Gold Medal Award) in Economics from Chulalongkorn University. He was awarded a Japanese Government Scholarship to pursue his graduate studies and received his Master of Arts and Ph.D. in Business and Commerce from Keio University, Japan.
WACHIRAWAT BANCHUEN
SENIOR ECONOMIST
Wachirawat served as a senior economist at the Bank of Thailand. He was responsible for conducting research/analysis for the Monetary Policy Group. His main contribution was in the exchange rate policy strategy. Prior to that he served as a senior strategist at the Reserves Management department. His main responsibilities were formulating investment strategies and forecasting financial assets returns, e.g. EM exchange rates and bond yields. His expertise is in econometrics, forecasting, and optimization models. He also has research publication regarding term structures on PIER website.

Wachirawat received his Bachelor of Economics, International program (First class honor), from Thammasat University. He received Master of Science in Economics degree from University of Warwick, UK. He also received certificates for various training courses from the International Monetary Fund (IMF).
JIRAMON SUTHEERACHART
ANALYST
Jiramon previously worked as an economic consultant at The World Bank in Macroeconomics & Fiscal Management before moving to Finance & Market department. She has experience in working on Thailand’s Economic Monitor and initiating development projects for CLMV countries. During her academic year, she had an internship with Office of the Auditor General of Thailand in Performance Audit Office.

Jiramon graduated from Thammasat University with Bachelor of Economics in International Economics Major.
KUNYARUK NAIYARAKSAREE
ANALYST
Kunyaruk formerly worked as a research assistant for Economic Research and Training Center (ERTC), Thammasat University, with specialization on Foreign Direct Investment in Lao PDR. Prior to that, Kunyaruk worked with managerial accounting team at Mitsubishi Motors Thailand, where she was responsible for factory investment budget allocation and analysis.

Kunyaruk received her Bachelor of Economics, International program (Second class honor) from Thammasat University, and spent a year as an exchange student at Linnaeus University, Sweden.
PANG-UBON AMNUEYSIT
ANALYST
Pang-ubon previously worked for the Revenue Department of Thailand as Tax Economist, her responsibilities were forecasting monitoring and analyzing tax revenue collection, setting up and monitoring tax revenue collection target, analyzing economics and business performance for tax revenue collection purpose and managing data for tax policy’s cost-benefit analysis. She also has experience in working on macroeconomics analysis and revenue forecasting using quantitative model and data analytics tools.

Pang-ubon graduated from Chulalongkorn University with Bachelor’s degree in Economics (Second-Class Honors) in Quantitative Economics. She was awarded a Royal Thai Government Scholarship to pursue a MSc. in Economics at University of Warwick, UK. In addition, she received certificates in ‘Effective and Efficient Use of Tax Incentives’ from Organization for Economic Co-operation and Development (OECD)
PIMNIPA BOOASANG
ANALYST
Pimnipa had an internship experience with Bank of Thailand in Economic Intelligence Team, Monetary Policy Group, Macroeconomic and Monetary Policy Department. She also received the first place of Bank of Thailand’s Setthatat Economic Paper Competition 2016.

Pimnipa graduated from Thammasat University with Bachelor of Economics degree in a Quantitative and Theoretical Economics major, International program (First Class Honors) and received the first place of B.E. Best Seminar Paper Award.
YUWANEE OUINONG
ANALYST
Yuwanee previously worked for a management and strategic consulting firm specializing in telecommunications, media, and technology sector. Prior to that, Yuwanee has internship experience with the Bank of Thailand in
Macroeconomics team, in the Department of Monetary and Economy Policy. She
also received award for her economics research from the Bank of Thailand’s Annual Economics Articles Competition.

Yuwanee received her Bachelor of Economics, International program (First class honor), from Thammasat University and awarded fellowships throughout the program.
EXPORT CLUSTER
CHOTIKA CHUMMEE
SENIOR ANALYST
Areas in Charge: Food and Beverage
Cluster: Export

Chotika has prior work experience as senior economist in the Monetary Policy Group at the Bank of Thailand, having held positions in the International Economies Division, Macroeconomic Team, and Economic Intelligence Team for over 10 years. As a central banker, she was awarded the scholarship by the Government of India to attend the three-month training in the Promotion of Financial Markets (PFMs). In addition, she has worked for a leading private firm in business development and project management.

Chotika received her BBA with Honors from Assumption University and a master's degree in International Business Management from Asian Institute of Technology (AIT). As a MBA-exchange student, she was awarded the honorable certificate for participating in the International Business Linkage Program at Helsinki University of Technology, Finland.
KONJANART THUEANMUNSAEN
SENIOR ANALYST
Areas in Charge: Automotive

Kon has extensive experiences in ASEAN industrial research. He specializes in manufacturing industry, especially production network in automotive industry. His other experiences including field research and business development in Cambodia, Laos and Myanmar. Previously, he was a senior consultant at Mercer and used to work at LMC Automotive, Mitsui & Co and Royal Thai Embassy in Tokyo (Industrial Office).

Kon received his Bachelor of Economics from Chiang Mai University and was awarded the Japanese Government Scholarship to pursue his Master’s degree in International Economics at Yamaguchi University, Japan.
LERDSAK SANGASILPA
SENIOR ANALYST
Areas in Charge: Agricultural Commodities
Cluster: Export

Lerdsak has over 10 years of management experience in the agricultural and energy sectors as the general manager of fishmeal, industrial ice and wood pellet manufacturing plants. His prior work experience also includes overseeing the operations of rubber and palm oil plantations in a rural environment.

Lerdsak received his Bachelor Degree (First Class Honors) in Economics from Thammasat University and a Master of International Affairs from Columbia University (USA) with concentrations in International Finance, Business and Energy.
NANTAPONG PANTAWEESAK
ANALYST
Nantapong has prior work experience in project management with PTT Global Chemical Public Company Limited. Prior to that, he had work experience at Toyota Motor Asia Pacific Engineering & Manufacturing as service parts procurement specialist

Nantapong received his Bachelor of Economics from Srinakarinwirot University and Master of Business Economics from National Institute of Development Administration
SECTORIAL STRATEGY
NAPONG CHEERASUWANKIT
ANALYST
Napong started a banking career as a credit analyst and later a relationship manager with specialized fields in infrastructure and electronics business.

Napong graduated from Chulalongkorn University with a Bachelor’s degree in Economics and a Master’s degree in Economics from University of Manchester (Distinction)
NITHI KAVEEVIVITCHAI
ANALYST
Nithi has prior work experience in commercial banks in research department and corporate strategy. He was also a journalist for Asia focus section of the Bangkok Post newspaper, where he covered market-moving news, changing trends of businesses and including socio-political issues in the region. Prior to that, Nithi was a news anchor at Money Channel, an economic and investment television channel of the Stock Exchange of Thailand.

Nithi received his Bachelor’s degree in International studies and Communications from Monash University, Australia and Master of Science in International Political Economy from Nanyang Technological University, Singapore. During his time in Singapore, he had also worked as a business analyst at Industrial Growth Platform, Inc., a private equity and consulting firm.
PANJARAT KITTICHAROONWIT
ANALYST
Panjarat previously worked as a quant in a global hedge fund. She had internship experience at Infosys Limited Company in India and NEC Corporation in Japan.


She graduated from computer engineering, Chulalongkorn University (First Class Honor). She was awarded Japanese Government Scholarship (Monbukagakusho Scholarship) to pursue Master’s degree in Mathematical Informatics from the University of Tokyo, Japan.
INFRASTRUCTURE CLUSTER
PIMJAI HOONTRAKUL
SENIOR ANALYST
Areas in Charge: Power and utility, Metal and mining
Cluster: Infrastructure

Pimjai has experiences in the nuclear industry, energy management system, renewable technologies adoption and diffusion, sustainability management, and international energy policies. She served as a technical program manager for the U.S. Department of Energy’s National Nuclear Security Administration. She was a consultant for the United Nations Economic and Social Commission for Asia and the Pacific focusing on energy technologies and policies. Prior to joining SCB she was a senior consultant with the Environmental Resources Management (ERM) advising leading Thai companies on sustainability and climate change.

Pimjai received her Bachelor of Science degree in Mechanical Engineering from Georgia Institute of Technology and a Master of Arts degree in Energy and Earth Resources from the University of Texas at Austin.
SIVALAI KHANTACHAVANA, Ph.D.
SENIOR ANALYST
Areas in charge: Petroleum and Energy

Sivalai has prior work experience in conducting research and analysis in economic, monetary, and fiscal policies as well as transport infrastructure at the Ministry of Finance, NESDB and Department of Highways. She was also an advisory staff member for the Minister of Transport. Her research interests include entrepreneurship and financial market risks.

Sivalai received her Bachelor of Economics (First Class Honors) from Chulalongkorn University. She was awarded the Royal Thai Government Scholarship to pursue MSc program in Policy Economics at the University of Illinois at Urbana-Champaign, and the World Bank Graduate Scholarship to pursue MSc program in Economics at the London School of Economics. She completed her doctorate degree in Applied Economics and Management at Cornell University.
SUPREE SRISAMRAN, PH.D.
SENIOR ANALYST
Area in Charge: Transportation and Logistics, Construction and Infrastructure

Dr. Supree has consulting experience for domestic and international organizations such as State Enterprise Policy Office (SEPO) in the promotion of Private Sector in Public Private Partnership (PPP) research, National Innovation Agency (NIA) in East-West innovation corridor project and the policy framework of the innovation district project, Asian Development Bank (ADB) in the Land Value Capture (LVC) as the impact of transportation infrastructure investment research. He was invited as a guest speaker for governmental and educational agencies ex. Public Debt Management Office (PDMO), Chulalongkorn University, Thammasat University. He also selected a working committee for the offset system in public sector procurement policy under Ministry of Science and Technology.
Dr. Supree obtain his Bachelor degree in Mechanical Engineering from Thammasat University then he pursued a Master degree in Engineering Management at Tufts University. Subsequently he interned as a business analyst at Blackmore Partners Inc. before continued his Doctoral education in Regional Science and Urban Economic at Cornell University. Additionally, Dr. Supree also passed intensive human development course in railway engineering from National Science and Technology Development Agency (NSTDA).
APINYA AKSORNKIJ
ANALYST
Apinya has prior work experience as Research Associate at Energy Research Institute, Chulalongkorn University in Renewable Energy Policy. Prior to joining SCB, she was a consultant in the Environmental Resources Management (ERM) providing Health, Safety, and Environment (HSE) and climate change services to leading Thai companies.

Apinya graduated with Bachelor’s degree in Automotive Engineering from Thai-Nichi Institute of Technology. She received the Royal Thai Government (RTG) and AIT fellowships to pursue Master’s Degree in Energy Technology at Asian Institute of Technology (AIT).
ISSARASAN KANTAUMONG
ANALYST
Issarasan has prior work experience at the Ministry of Transport, working on the development of the transport infrastructure development plan under the ASEAN and APEC Frameworks. Prior to that, Issarasan had experience working at Proctor & Gamble Manufacturing (Thailand) as a supply and distribution planner. While working at Procter & Gamble, Issarasan received the Star Award, an award given to employee that have achieved distinctive performance improvement.

Issarasan graduated with Bachelor’s degree in Environmental Engineering from Chulalongkorn University. He was awarded the Royal Thai Government Scholarship to pursue MSc in Industrial and Systems Engineering at the University of Florida.
KANIT UMSAKUL
ANALYST
Kanit has prior work experience as a Marketing & Sale officer at leading Japanese steel manufacturer.

Kanit received his Bachelor of Economics (Frist Class Honors), major in International Economics, with Bhummiphol Scholarship from Kasetsart University and Master of Business Administration with Academic Excellence Award from Chulalongkorn University.
NATTANAN APINUNWATTANAKUL
ANALYST
Nattanan has prior work experience in business analyst , strategic planning, and risk management in affiliated company of PTT Public Company Limited. She was also an specialist in cost management at Toyota Motor Asia Pacific Engineering and Manufacturing. She has experience in writing an article for Petroleum Institute of Thailand (PTIT) as well.

Nattanan received her Bachelor of Commerce and Accountancy from Chulalongkorn University and obtained a Master of Business Admiration in Financial Modeling and Analysis at Mahidol University International College.
NAWAPORN KOMOLSURADEJ
ANALYST
Nawaporn has prior work experience in GIS as a product development engineer. She also has work experience in cross border transportation and last-mile delivery operations as a transport operations analyst at Lazada Thailand.

Nawaporn received her Bachelor of Arts (Second Class Honors) in geography major from Chulalongkorn University and a Master of Science in Logistics and Supply Management from Chulalongkorn Uniersity.
PUNYAPOB TANTIPIDOK
Analyst
Punyapob has experience in the area of transport policy and specializes in using quantitative models. He formerly worked as a researcher in the transportation and logistics program at the Thailand Development Research Institute (TDRI), where he was responsible for economic policies on infrastructure, car insurance, and road safety. He also had internship experience at Fiscal Policy Office (FPO).

Punyapob received his Bachelor's degree (Honors) in Economics with a Quantitative Economics major from Chulalongkorn University and a Master of Science in Economics with Merits from University of Warwick, UK.
SERVICE CLUSTER
VITHAN CHAROENPHON
HEAD OF SERVICE CLUSTER
Vithan has previously held positions at the Fiscal Policy Research Institute, Ministry of Finance, working on the development of the medium-term government expenditure framework and the budget allocation model as well as conducting studies on fiscal policies. He also worked in the Research and Information Department and the Strategy Development Department at the Stock Exchange of Thailand.

Vithan received his Bachelor of Arts with Honors in economics from Chulalongkorn University and a Master of Science in economics from Thammasat University.
PRANIDA SYAMANANDA
SENIOR ANALYST
Areas in Charge: Wholesale & Retail, Healthcare
Cluster: Service

Pranida has prior work experience in macroeconomic analysis, analyzing monetary policy framework and monitoring key selected countries that may have repercussions on the conduct of monetary policy in Thailand. She has held positions in the Monetary Policy Analysis Team and the International Economies Analysis Team, Monetary Policy Group, at the Bank of Thailand for more than 7 years.

Pranida received her Bachelor of Arts with Honors in economics (major in International Economics) from Chulalongkorn University, and a Master of Arts in economics from the University of Texas at Arlington.
WIRONGRONG WIROTRAT
SENIOR ANALYST
Area in Charge: Real Estate and Tourism

Wirongrong has prior experience in strategic planning and portfolio management at TCC Land Asset World Estate. Previously, she was a senior analyst at Bangkok Bank PCL more than 7 years. Her responsibilities related to conduct model to predict suspicious transaction and credit risk. Moreover, she also takes responsivities in special projects such as US. Foreign Account Tax Compliance Act (FATCA) and new accounting standard that related to asset impairment

Wirongrong received her Bachelor of Accounting (First Class Honors) from Kasetsart University and Master of Economics, Faculty of Economics and Master of Economic Law, Faculty of Law from Chulalongkorn University.
KANCHANOK BUNSUPAPORN
ANALYST
Kanchanok has prior work experience as a strategic planning analyst at Siam Cement Group. She also has past experience working at the Science and Technology Development Program at TDRI. Kanchanok was selected to be an intern in SCG Excellent Internship program by Siam Cement Group and received SCG Innovative Suggestion Award.

Kanchanok received her Bachelor of Economics (First Class Honors) from Thammasat University. While studying, Kanchanok won Economics Quiz Competition.
PULLAWAT PITIGRAISORN
ANALYST
Pullawat has prior working experience at Global Strategic Advisory Department of Mizuho Corporate Bank (Bangkok Branch) and internship experience as a Tax Trainee with PriceWaterhouseCoopers Thailand (Pwc Thailand). Pullawat also received the winner prize (Golden Medal) of the Jewel Crown Economic Challenge for University Student in 2014.

Pullawat received his Bachelor of Economics in Monetary Theory and Policy (First Class Honors) from Chulalongkorn University
PURIPAT SOPHONKEEREERAT
ANALYST
Puripat has prior work experience as an Investment Consultant at Brokerage Company and also was selected to join the Junior Investment Consultant Program held by Association of Thai Securities Companies (ATI) with Thailand Securities Institute (TSI), Stock Exchange of Thailand (SET).

Puripat received his Bachelor of Economics from Srinakharinwirot University.
TANYAPORN LAOSOPAPIROM
ANALYST
Tanyaporn had internship experience with Siam Commercial Bank, in the Department of Credit Portfolio Development – Wholesales Banking. She also was selected to join the New Breed Investment Consultant Program held by Thailand Securities Institute (TSI), Stock Exchange of Thailand (SET) with Association of Thai Securities Companies (ATI).

Tanyaporn received her Bachelor of Economics (First Class Honors), major in International Economics, from Chulalongkorn University.
KNOWLEDGE MANAGEMENT AND NETWORKING
KRILERK VALLOPSIRI
CLIENT COMMUNICATION & NETWORKING OFFICER
Prior to joining SCB, Krilerk was Account Executive at J. Walter Thompson Bangkok member of WPP Group, the leading creative advertising agency in Thailand. He managed and executed marketing communication and activations for clients; Unilever, AIS and John Deere. He has also participated in the ‘LongD Master with DTAC’ trainee programme at Total Access Communication PCL.

Krilerk received his Bachelor’s degree in BBA (Marketing) from Mahidol University International College and Master of Science (International Business) from University of Leeds.
NATTIDA INTARAMAYOON
KNOWLEDGE PORTAL OFFICER
Nattida used to be a writer and translator at GMM Inter Publishing’s Madame Figaro magazine and then Communication Specialist at Ericsson (Thailand), respectively

Nattida has a degree in Bachelor of Arts (French Major) from Chulalongkorn University and Master of Communication Arts (Integrated Communications Management) from Chulalongkorn University.
Pawicha SUWANNAKUL
KNOWLEDGE PORTAL OFFICER
Kallaya joined Siam Commercial Bank in Branch Teller. She adviced on financial planning and investment, in addition to insurance, reinsurance and credit product advice for suitable customers in different segments.

Kallaya received her Bachelor’s degree in Arts (English for Communication Major) from Rajamangala University of Technology Suvarnabhumi and Master of Business Administration from King Mongkut's University of Technology North Bangkok
POOMISAK KUMPRASERT
DATA MANAGEMENT
Poomisak had experienced about management information and forecasting in department credit risk portfolio retail at Commercial Bank. He was responsible management information and forecasting including generate risk portfolio report for support team and infrastructure system of department.

Poomisak received his Bachelor’s degree in Science and Technology (Statistics Major) from Thammasat University.
SORODDA UPAMAI
KNOWLEDGE PORTAL OFFICER
Sorroda has several years of experience working in the financial services industry. Before joining SCB, Sorroda worked at TMB in the Department of Wholesale Banking Underwriting. Prior to TMB, she worked as an interpreter at Muang Thai Life Assurance Company and held a position as Research Assistant at The Center for Economic and Business Forecasting, The University of Thai Chamber of Commerce.

Sorodda graduated master degree from Srinakharinwirot University, majoring in Business English for International Communication.
WANITCHA NATEESUWAN
KNOWLEDGE PORTAL OFFICER
Wanitcha joined Siam Commercial Bank in the first of banking field. Previously, she has experienced on publishing such law book and economic article.

Wanitcha graduated on Bachelor Degree of Humanities majoring English from Bangkok University and then took the advance course of graphic and website from Ramkhamhaeng University.
WORAWAN WANNAPRAPAN
KNOWLEDGE PORTAL OFFICER
Worawan has prior work experience as a graphic designer at Sirimedia.co,ltd which is the member of Sirivatana Interprint Public Co.,Ltd, She was responsible for designing Digital media and Print media.

Worawan received her Bachelor of Fine art in Media Arts (Digital Photography and Graphic design) from King Mongkut’s University of Technology Thonburi.