Commentary on special events in Thailand and the SET Index.
Not much has been written about the upcoming AEC in 2015 when ASEAN is going to be more integrated. There are three interesting news articles that came to my attention that companies are starting now in anticipation of this. When talking to friends in the manufacturing business, the majority are looking forward to it as […]
Read More →UBS put out an extremely good paper demonstrating where the growth areas are in Thailand. In summary it shows how the provinces have grown far faster than Bangkok city in the past 15 years primarily due to manufacturing becoming a more prominent part of the economy here. This merely proves what a lot of us […]
Read More →Forbes wrote a great article regarding the His Majesty’s finances and investments in Thailand and I thought it would be an interesting read to share. I’ve put below the first paragraph and the source link. Enjoy. In Thailand, A Rare Peek At His Majesty’s Balance Sheet Thailand’s King Bhumibol, who turned 84 last December, is […]
Read More →“Floods? What floods? Thailand will be safe forever, people love this country, companies will always come here for business!” That’s the normal rhetoric from the government/politicians etc. etc. etc..and even from myself most times, albeit with a small disclaimer that the above won’t be the case unless the government acts to show that it is taking […]
Read More →Times are changing here in the land of smiles, with this recent development on the front page of Bloomberg this morning that a group wants to alter the lese majeste laws here in Thailand. Over the past few years too many different groups have used the lese-majeste law as a political tool against their enemies to […]
Read More →This government is proving to be fantastic for the stock market in Thailand, first with its plans to drop corporate income tax rates to 20% over the next few years and now this. The Stock Exchange of Thailand (SET) would be delighted if the Revenue Department waived dividend taxes, especially since this would boost sentiment […]
Read More →My good friend Roger, who’s doing his PhD specifically on Myanmar recently wrote this paper on the developments there today. It’s a country that is going to grow extremely quickly, my only fear for them is that the government takes a short term viewpoint to the country’s future, although I’ve been assured by several parties […]
Read More →Interesting read in yesterday’s Bangkok Post about the government revising Thailand’s renewable energy targets for the next 10 years. It is something that is absolutely necessary for Thailand as the country is a net importer of oil. http://www.bangkokpost.com/business/economics/268692/renewable-energy-goal-revved-up Key point(s): 1. Government approved a revised plan to up renewable energy to 25% from 20% of […]
Read More →Given the flooding situation its no surprise that the Thailand’s econ figures for October were weak and we expect that November would be even weaker. See below for some quick highlights. Consumption, investment, government spending and exports were all weak in October. Manufacturing (36% drop in MPI) got hit far larger than agriculture sector (+7% […]
Read More →Ploy has decided to grace us with her foresight on Gold as well this week. Personally its not something I understand and have only traded/invested a few times, (note: I do have a personal long position in it now purely because of the Euro situation but it’s giving me nightmares). Here are her thoughts:
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