For what has felt like a bad year thus far for the local market, it is still only down 7% for the year with most of the drop occurring during the month of October.  Part of me thinks there will be a year end rally to narrow the loss into the end of the year…I […]

Somkid orders price hike curbs. The Commerce Ministry is being ordered to take more effective measures to combat unreasonable consumer product price hikes, while continuing to boost the grassroots economy. (Bloomberg, 24/10/18) Remaining 35MHz to be auctioned next year. The telecom regulator plans to sell leftover bandwidth on the 1800-megahertz spectrum in February — the […]

And now the market is down for the past months. If oil goes, there goes the market. Ah well, so much for this pre-election rally when global issues such as interest rates rises and trade wars are occurring.

SME fund bill bound for cabinet. The Finance Ministry will seek cabinet approval to require financial institutions to contribute 0.001% of their deposit base to a fund tasked with promoting small and mediumsized enterprises (SMEs). A legal amendment is needed for the contribution requirement and the fund is expected to receive Bt100mn in contributions if […]

Where’s the green? 12 months market is flat…hmm..

EEC Office and Jetro sign aid deal. Thailand and Japan have come to an agreement to aid Japanese companies looking to invest in the government’s flagship Eastern Economic Corridor (EEC) scheme. Industry Minister Uttama Savanayana yesterday witnessed the signing ceremony of a memorandum of intent between the EEC Office and the Japan External Trade Organization […]

And so…has anything changed? Nope. Same things remain. Interest rates going up. Valuations still not the cheapest. But elections are coming (?!?). And oil oil oil has been keeping this market and most alive.

Junta will stick to 2019 date for general election, Prawit says. There will be no delays to a general election planned in Thailand for 2019, the deputy prime minister said on Wednesday, amid the concerns of government critics and the opposition that it could be pushed back. (Reuters, 03/10/18) Cabinet gives the nod to restructure […]

Nothing clever to say regarding the previous week, other than meh.