Commentary on special events in Thailand and the SET Index.
Another great writeup by my friend Roger Lee Huang who’s doing his thesis on Myanmar. Major changes are currently taking place in Myanmar. In little over a year, the nominally civilian government under President Thein Sein has introduced a series of liberal reforms leading to rapprochement with the West. The re-engagement with the broader international […]
Read More →The Thai SEC looks to push forward with its plans to liberalise the brokerage industry within Thailand. I found two comments made interesting: “It’s time to move forward … We will not limit the number of brokerage licences and we will scrap the minimum commission fees,” Dr Vorapol said. Consequence of this? Any brokerage with […]
Read More →Ok first the figures: The Ministry of Commerce reported March inflation at 3.45% YoY, increasing from 3.35%YoY in February. On a monthly basis, the March CPI surged for a third month by 0.59% MoM. The key inflation drivers remained the food and energy categories; as food and beverage prices (33% of the CPI basket) increased […]
Read More →Last week the Bank of Thailand (BOT) announced that it would keep its benchmark rate unchanged at 3.00%. This follows 25-bp cuts each in November and January previously. Now I’ve mentioned this before, the BOT will not increase interest rates UNTIL they see the economic figures for Thailand improving and this will not be the […]
Read More →Foreigners will no longer need a local partner to set up businesses in Myanmar and may be granted a five-year tax holiday from the start of commercial operations, according to the draft of a new investment law obtained by Reuters. This is a very big step ahead.  Together with reform of the FX law, this moves […]
Read More →So this is why banks have continued to remain strong in the market… Local papers reported that the BOT will offer THB 210 bn to Thai banks at a rate of 0.01% that will be meant for clients affected by the 4Q11 flooding. Local banks estimated that their clients require THB 366 bn in loans […]
Read More →Local newspapers reported that Col Settapong Malisuwan, chairman of the NBTC’s telecom committee, said that the reserve price for 3G licenses (2.1GHz spectrum) is likely to be set in the Bt7-10bn range. The defunct NTC’s 3G Information Memorandum (IM) had set a reserve price of Bt12.8bn. The committee is working on a new 3G IM, […]
Read More →The prime minster, Yingluck, was in Japan and gave a speech entitled “Unbeatable Thailand, Unparalleled Opportunities”. Within it contained some key points illustrating how important Japan is to Thailand’s economic growth and health. Japan is Thailand’s largest trading partner. Our exports to Japan grew by 8.3 percent last year. You are also Thailand’s largest investor. […]
Read More →Bugger…I have nothing against him but I’m not sure that this politically is the right move now. It would be far wiser to let the current government do a fantastic job over the next few years and then aim to return to Thailand with that momentum. See the link below to watch the interview on […]
Read More →I’ve just been elected to the Board of LV Technology Plc (source:Â The Stock Exchange of Thailand : News Detail http://bit.ly/wikIqe) and I feel truly honoured. In my short career I’ve been lucky enough to analyse businesses, financial re-structurings, invest publicly, invest privately, manage a company of 400 employees, sit on the board of a private […]
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