Thailand Car scheme blamed for slow growth — Narongchai Akrasanee, a member of the BoT’s MPC, estimates the country’s economy will grow by just 4% this year as domestic consumption ebbs. Thais’ ability to spend has been curbed, as many are obliged to service loans for cars bought under the government’s first-time car buyer scheme, […]

Thailand Household debt on upward tilt — Household debt has hit a fresh high, particularly among low income earnings, who remain widely exposed to loan sharks, says the University of the Thai Chamber of Commerce. The latest UTCC survey of 1,200 respondents found mot of them (64.l5%) had average household debt of Bt188,774.54, up by […]

 

Thailand Central bank throws red flag on loans — The BoT ramped up its warning that escalating household debt in recent years is posing a risk to the country’s financial stability and warrants close monitoring. BoT data shows household debt accelerated to 78% of GDP last year from 63% at the end of 2010. The […]

Last week was another wonderful ride down for the SET on the back of continued foreign selling, our analysis indicates that they have already sold back down to Feb ’12 levels so unless the Fed comes up with something unexcepted mid-week we’re under the impression that most of the selling is over. Cash is still a […]

Thailand Kittiratt hints at pledge ceiling price cut on heavy losses — The government is likely to cut the ceiling price for the rice pledging scheme following reports of potential heavy losses from the program for the previous three crops, Finance Minister Kittiratt Na Ranong sid yesterday. He hinted there is a possibility the pledging […]