Thailand Clarification on water projects requested — The National Debt Office will ask NCPO to clarify its stance regarding the water projects and the upcoming Bt3.5tn infrastructure plans. The financing is already in place, but the office said no funds have been withdrawn. (Krungtep Thurakij, 10/07/14) ‘Superboard’ sets up three sub-panels – The junta’s “Superboard” […]

Two things to note: 1) the SET is now just 10% from its peak back in May ’13, 2) Banks have been driving the SET rally this year up 26% for the year. One question, is this really justified? Foreign investment levels in the Thai market are incredibly low (lowest I’ve seen since I’ve been […]

Thailand Bank of Thailand expects growth rebound in 2015 — The Bank of Thailand forecasts economic growth will strengthen to 5.5% next year as the economic recovery gains momentum. (Bangkok Post, 28/06/14) BoT sees encouraging trend in currency trading, especially in RMB and pound sterling. CIMBT is showing the same trend in preparation for more […]

The past week (and all news going forward for the next few months) is still around the NCPO. Last week it was fairly quiet in terms of news, however over the weekend they gave a clear timetable about an interim constitution to be announced next month allowing an interim legislature & Cabinet to begin governing […]

Thailand Rush on to bring down trade barriers – ASEAN member states have urged one another to eliminate barriers on some sensitive products after almost 100% of goods already have zero tariffs, in order to encourage more trade within the region, according to the Thai Commerce Ministry’s Trade Negotiations Department. (Bangkok Post, 26/06/14) Permanent secretary […]

It’s coming to the end of 1H14 (how time flies) and for the past week most investors, including us, are expecting the usual “window dressing” period from Asset Management firms. There are two government issues still outstanding in regards to what will happen to telecoms in the short term and how quickly the THB 2.4 […]