Thai Market has been holding up well, even as the currency has been rather decimated this year…surprised? Nope….public co’s here are making $ hand over fist, same story, market share goes to the big boys and they’re all listed. Though I am wondering if we may finally see a sell-off this week…when will the insurance […]

Thailand’s customs-cleared export value continued to expand for a 17th consecutive month in July, but the growth rate slowed to 4.3% yoy after robust gains of 11.9% in June, 10.5% in May, 9.9% in April and 19.5% in Mar, which was the highest level since records began in 1991. Fallout from an ‘economic war’: Thailand […]

BYD set to pursue state EV incentives: BYD is expected to be the latest Chinese automaker to take up the government’s electric vehicle (EV) incentives when its sole distributor Rever Automotive Co signs an agreement with the Excise Department later this month for a tax reduction and subsidy that make the firm’s “new energy vehicles” […]

Sooooo all eyes are again on the Fed for the Sept 20-21 meeting, and you know what they’ll do? Increase rates….so what move on…unless there is a huge surprise somewhere the outlook for the next 6-12 months is pretty much known. Big boys (basically all listed co’s) are doing well, the smaller private co’s aren’t…I […]

Arkhom pushes insurance variants: Minister wants policies to cover damage to the environment and state infrastructure. The Office of the Insurance Commission should consider approving insurance that covers environmental damage and damage to state infrastructure, says Finance Minister Arkhom Termpittayapaisith. Bangkok Post Govt relief schemes ‘inject B5.73bn’: Over 20 million people have taken part in […]

Europe is screwed economically, done. But SE Asia…peak currency weakness? Equity markets doing alright, look at TH, barely moved this year, granted it didn’t go anywhere for 5 years…but FDI is picking up in this country (China is bad for business, finally people have realised this…), tourism figures are already back to the pre-wuflu run […]

Panel sets average rate hike at 5%: The national wage committee has finalised hikes in the daily minimum wage by an average of 5.02% and the new rates, which include a hike of 22 baht in Bangkok and its surrounding provinces, are expected to take effect in October. Bangkok Post Export growth rate eases amid […]

The Fed said nothing new to our ears. But equity markets have their own opinions…movements in this part of the world are going to be (or already) in the currency markets more than the equity markets. Especially Thailand, just look below YTD the SET is only down -0.8%, but the currency is -8% YTD versus […]

E-service tax brings in B6bn: The Revenue Department has collected almost 6 billion baht of e-service tax from foreign operators during the first 10 months of fiscal 2022, surpassing the target by 951 million baht. Bangkok Post Landlords jittery over seizure risk: Government plans to claim vacant plots. Landlords in the hotel sector have raised […]