Commentary on special events in Thailand and the SET Index.
If you need a good giggle, read the full article Dear People, The country has sustained damage inflicted by political conflict for the past 10 years. After I was elected to take office, I believe every Thai citizen agreed the country would not move forward if the conflict persisted. When this government took office, I […]
Read More →The weekend’s and yesterday’s protests actually caught quite a fair bit of attention in the global media and made the market drop some 40 pts (2.5%) in a day. Our viewpoint is simple, this bill still has to go through the Senate and then the Constitutional Court at which point we think it won’t pass. […]
Read More →Great monthly commentary out by Bill Gross of Pimco, and he’s made a couple points that are definitely worth mentioning. And here’s a rather incredible kicker to this theoretical comparison. The U.S. economy – thanks to the Fed – has been operating a 1 trillion dollar share buyback program nearly every year since late 2008, […]
Read More →What happened? So the news came out two days ago after the market closed that the Supreme Court ruled to overturn the Central Bankruptcy Court’s ruling of 10 years ago in 2003. Now the Bankruptcy Court had approved JAS’s Business Reorganisation Plan in August 2003 and JAS had completed its restructuring plan and was out […]
Read More →What happened now? Yesterday the House President called for an early bill debate today with 2nd and 3rd readings and votes by the end of this week and early next week and who sold off the market? Local institutions and prop desks (something we’ve been watching closely)… So whats the timeline of events now? If […]
Read More →This an incredibly good article on Bloomberg evidencing the growth of Thailand’s provinces ex Bangkok. Its something that we’ve thought internally for the longest time that Bangkok doesn’t have much more business growth which as been evidenced by its growth numbers, whereas the provinces are growing @ 2-3x the rate of the country’s GDP. Of […]
Read More →Well now Pheu Thai has brought to the table a law that gives a blanket amnesty to law offenders, which includes everyone, yellow shirts, red shirts and good ol’ Mr T. So what’s happened thus far: 1. The first reading was passed just under 2 months ago but aimed only at the non-leaders of the […]
Read More →The QE tapering that never happened from a few months back sits in the back of our minds still as we sit here and wonder when will it happen, for now as the way things look, 2014 looks likely to be another year of continued easing and low rates world wide and Richard Koo here […]
Read More →AOT’s growth since 2009 has been staggering with total passenger numbers in September up 21% YoY. The most interesting fact of all is that Chinese tourists are now 20% of the total tourist number and this is only @ 5 mn travellers, can you just imagine the scope for growth from that nation? Â
Read More →Yawn, so no change from the BoT regarding interest rrates, they have kept it again @ 2.5% and will announce their 2013 GDP Forecast on the 25th Oct (previous projection was 4.2%). So with the next meeting on the 27th Nov we don’t think anything will change for policy rates here in Thailand, inflation is […]
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