Rise in interest rate no effect on public debt. The Director of Public Debt Management Office said he is not concerned about public debt management if interest rates rise because 90% of public debt is longterm debt at a fixed rate. Only 10% of public debt is short-term and affected by the rise of interest […]

Thai banks, specifically KBANK, reported rather decent earnings last week hence the straight up move throughout the day and making the month look decent so far. Has the narrative now changed with the banking sector? 3 months ago it was lost of fee income, shown rather obviously with SCB’s #’s, and that NPL’s are going […]

Ministry of Commerce confident that FTA benefits will surpass target of US$6.5bn after already reaching US$2.8bn in five months. The Department of Foreign Trade is confident that the value of benefits under the Free Trade Agreement (FTA) and Generalized System of Preferences (GSP) in 2018 will grow at a rate not less than the growth […]

A respite in the market drop with effectively all sectors recovering in the past week. But now there’s the fear of oil prices, which are finally looking weak, if that shoe drops, hello 1,500 again. Until we see 2Q18’s coming out for all the sectors it’s going to remain a choppy time.

NLA approves 20-year national strategy. The National Legislative Assembly has voted unanimously to approve the National Strategy, with binding effect over the next 20 years and penalties for non-compliance. (Bangkok Post, 06/07/18) NESDB to study feasibility of Kra canal plan. The National Economic and Social Development Board (NESDB) should be entrusted to study the feasibility […]

RCEP members seek year-end free trade deal. Ministers from 16 Asia-Pacific countries said on Sunday they will seek a broad agreement on their free trade talks by the end of the year as they formed a united front against the protectionist policies of US President Donald Trump. (Bangkok Post, 1/7/2018) BAAC runs risk of bad […]

So, its below 1,600, not from the decline of oil that I thought it would originate from given the movement in the USD Index (which has gone from 89 to 95). But from mass selling throughout virtually every industry, every sector ex energy. Why isn’t this called a crash even though smaller names are comfortably […]

Prayut may announce political future in September. Prime Minister Prayut Chan-o-cha has indicated he will make it known in September whether he will formally enter politics, while reiterating that his military government is committed to holding a general election early next year. (Bangkok post, 22/06/18) SME Bank offers B58bn in loans. The state-owned Small and […]