Thailand Taxes miss target during slowdown — Tax collection fell 3.8% short of target in the first four months of FY2014 due mainly to the tepid economy and effects from the political turbulence, says a Finance Ministry source. The ministry’s revenue figure is a fresh clue that the economy is faltering. (Bangkok Post, 14/02/14) Ministry […]
Read More →ADVANC PDRC targets AIS in anti-Shinawatra bid- The People’s Democratic Reform Committee (PDRC) kicked off its campaign yesterday targeting businesses believed to be owned by the Shinawatra family. PDRC leader Suthep Thaugsuban announced at a Silom Road rally it was necessary to “destroy” the Shinawatras’ funding sources and the group targeted Advanced Info Service (AIS), […]
Read More →Huh what? Thats news to me, ADVANC and INTUCH still belong to the Shinawatra family? Really? Wait a minute, wasn’t it when Thaksin sold his shares to the Singaporean investment Group that the yellow shirts first begun their hissy fit? Ok so just to debunk this silly story Here are ADVANC’s top shareholders So INTUCH […]
Read More →We wonder aloud who is paying for the tractors, transporation costs and so forth for the farmers coming to Bangkok. Also where has the THB 20 mn that Suthep apparently raised for farmers gone to? Simple, to fund the protests. Funny times in Thailand Image Source: The Nation
Read More →AAV Political turbulence delays Thai AirAsia X inaugural flight –Thai AirAsia X, the country’s first medium- and long-haul low-cost carrier, has delayed the launch of its inaugural flight from the current quarter to later this year, because the skies are not clear enough due to the ongoing political tension. (The Nation, 20/02/2014) Comments: The entire […]
Read More →AOT AoT denies plan to buy govt bonds – AoT denied yesterday it is planning to spend its surplus liquidity on government bonds to help the administration raise funds to pay farmers under the rice-pledging scheme. (Bangkok Post, 19/02/14) Comment: Rumours rumours all around which government agency is going to help supply funds. We highly […]
Read More →Its not often that I post IMF working papers, but I found this one to be particularly interesting because of its linkages in trends of growth with demographics, labour, education and so forth and it does help to give a good snapshot of the region.
Read More →That must’ve been the first thing that came across the mind of the President of the Government Saving’s Bank (GSB) this morning as he awoke to the the news that THB 30 billion had been withdrawn from the bank. Backstory? Well very simply the GSB had recently provided a loan of THB 5 bn to the Bank […]
Read More →CGD CGD going ahead with its 36 rai Landmark Waterfront project located close to the Chaopraya river. It is ready to open the showroom for this luxury condominium after the go-ahead from Exim Bank, which has approved a loan for the Bt15bn project. CGD will use Beijing Construction Engineering Group as contractor. (Khao Hoon, 18/02/14) […]
Read More →And here we go on the merry go round, yes Thailand’s GDP was slow in 4Q13, my thoughts? one – politics, two – No matter what 4Q13 vs 4Q12 was going to look rubbish anyways, three – it will recover, its not different this time, political issues will disappear (perhaps only temporarily), and business will continue […]
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