Bangkok–Korat high-speed train construction kick-off won’t be delayed. The Minister of Transportation said the Phase 1 Bt179mn, 3.5km, portion of the train project (Klangdong – PangA-Sok stations) is expected to start construction within November. (IQ Biz, 10/10/17) Year-end Economic stimulus being discussed. Thai PM Prayuth said that the government is talking with the private sector […]

And the market crossed 1,700!!! For a few mins. So this year we’ve seen the narratives surrounding tourism, infrastructure, EEC, what’s left? Ah yes a recovery in the banking sector as a result of all these factors…

MPI continues to rise as exports shine. The manufacturing production index (MPI) continues to rise, gaining 3.7% year-on-year in August to 112.94, indicating that the economy is still recovering, says the Office of Industrial Economics (OIE). The year-on-year rise in July was 3.7%. The increase in August brought the MPI index for the first eight […]

Few people have come to pick up their welfare cards. According to Comptroller General’s Department, 11.67mn have the right for the welfare cards but to date few have come to pick them up. The cards can be used from October 1. (Thai Rath, 26/9/17) Thai-Chinese rail contract officially signed. Contract 2.1 of the Thai-Chinese rail […]

And the market keeps on rocking!

Ministry of Finance orders two Special Financial Institutions to issue loans to lowincome people. The ministry has told GSB and BAAC to issue loans for low income Thais as the BoT’s new restrictions on personal and credit card loans may force them to go to loan sharks. (Khao Sod, 18/9/17) Cabinet approves B87bn to help […]

That sudden rush of foreign buying seems to have woken up the animal spirits in Thailand with the market posting some strong numbers in the past 2 weeks. Will the fact that earnings have been weak and will likely continue to be weak for most sectors bring the market back down to earth?

SRT finished auctions of dual-track railway, consisting of five lines and nine contracts. It will send the winning bids to the board and expects contracts to be signed within September. UNIQ got two contracts worth Bt18.7bn. ITD got three contracts worth Bt22.7bn. STEC got two contracts worth Bt13.5bn. (Khao Hoon, 8/9/17) ILINK and ITD to […]

Ministry of Transportation to sign contracts for dual-track projects. Contracts for the Nakornpathom – Huahin and Huahin – Prachuab dual-track projects together worth Bt23.3bn will be signed in September or October. (IQ Biz. 28/8/17) MALEE and TIPCO will be exempted from sugar tax since their products are based on fruit and are seen as healthy […]