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Foreign capital continues flowing into Thai stock and bond markets

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Bank of Thailand (BoT) Deputy Governor Bandid Nijathaworn on Friday said that foreign capital continued flowing into Thailand’s stock and bond markets, showing that liquidity remains high overseas and that foreign investors are confident of investing in Asian countries, including Thailand.

He said foreign investors believed asset prices in Asia would increase due to the continued economic recovery of the region.

Investors were also satisfied with the improved economic fundamentals of Thailand as could be witnessed by a continued increase in local production and consumption.

The country’s exports had also risen without interrupteion in terms value due to the global economic recovery and higher farm product prices.

via Foreign capital continues flowing into Thai stock and bond markets: BoT.

Economics

Asia’s slow rate of vaccination is a thorn in the region’s economic recovery

Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving average. The Philippines and Malaysia are not far off their daily infection peaks reached in the second quarter of 2021.

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Last week was tough for the Asia-Pacific region. Many countries responded to stubbornly elevated daily infections by extending or tightening social distancing measures.

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Economics

World Bank lowers Thai GDP growth outlook to 2.2%

In the Thailand Economic Monitor released today, the World Bank adjusted its outlook on Thailand’s economic growth this year to just 2.2% from its previous forecast of 3.4%.

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BANGKOK, July 15, 2021 – Thailand’s economy continues to take a heavy toll due to the COVID-19 pandemic and is projected to expand modestly at 2.2 percent in 2021, revised down from the 3.4 percent growth projected in March, according to the World Bank’s latest Thailand Economic Monitor “The Road to Recovery” published today.

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