Listed companies reported 3Q18 total profit of Bt254bn, +22%YoY. 9M18 profit was Bt780bn, +11%YoY. (Kao Hoon, 19/11/18) Auto output at 63-month high. The Federation of Thai Industries (FTI) reported on Tuesday that automotive output in October was the highest in 63 months, with a rise of 20.62%YoY to 197,203 units. The FTI’s automotive industry club […]

BoT seen holding key rate, but hike possible next month. The Bank of Thailand is widely expected to leave its key interest rate near a record low on Wednesday, though there was a good chance that the first rate hike in years could come in December, a Reuters survey showed. (Reuters, 12/11/18) Govt: No more […]

Outside of PTT and a few retailers, this market is looking awful.

Highs in key indices spur optimism for GDP. The Thai economy got off to a strong start in 2018, with solid private consumption and tourist arrivals, and exports and consumer confidence hitting multi-year records in January. This prompted the FPO in January to upgrade its economic growth forecast for this year to 4.2% from 3.8% […]

If it wasn’t for the industrials/petrochem sectors this would be a rather messy start to the end of the year.

Deputy prime minister, Somkid hastens banks to help grassroot SMEs to access to capital with loan budget of Bt200bn. The Ministry of Industry is going to propose 10 measures to support and bring recovery to more than 1mn SMEs to the cabinet. It plans to have both government and private banks join in distributing the […]

NBTC committee called TOT to clarify its contract with DTAC to provide 4G LTE-TDD service on 2300 MHZ, saying there are many issues of concern. TOT will discuss this with the committee on Nov 27 after which it will be sent to the full NBTC’s board to consider on Dec 6. NBTC also ordered DTAC […]

Shopping for nation to be proposed to cabinet soon. The period will be 2 weeks in December in order to stimulate consumption in yearend with the same condition like that of last year, tax break for Bt15000/person. (Bangkok Biz, 3/11/17) Private sectors postponed EEC investment, waiting for clearer laws. The 10M2017 filing for manufacturing setting […]

Adding money to the low-income card rejected. The government nixed the suggestion to add more money to top up the old one to Bt700-800 per month since it is afraid of being deemed as an association for big players in the commerce industry. (Thairath, 18/10/17) Industry sector confidence increasing to reach 6-month high. F.T.I reports […]