Foreign buying gives Stock Exchange of Thailand, and baht another boost

Foreigners’ net buying of Bt31 billion since February 23 has driven the Stock Exchange of Thailand Index to a 20-month peak and pushed the baht to a 21-month high against the US dollar.

The mass red-shirt rally has little negative economic impact

The mass red-shirt rally is not causing significant damage to the country’s economy, Bank of Thailand governor Tarisa Watanagase said on Tuesday.

Thailand’s Consumer Confidence Index drops in February

Thailand’s Consumer Confidence Index (CCI) in February dropped for the first time…

Thai Khem Khaeng economic stimulus extension likely until 2013

The slow disbursement of Thai Khem Khaeng economic stimulus funds may prompt the government to extend the plan by one more year to 2013, says Korbsak Sabhavasu, the secretary-general to Prime Minister Abhisit Vejjajiva. The latest figures show that only 43 billion baht or 26% of the first stimulus package worth 160 billion baht has been disbursed so far. For the second package worth 150 billion, about 82 billion has been allocated and 42 billion baht disbursed.

Foreign reserves up 29%, to 142 billion USD in 2009

Thailand’s foreign reserves of US$142.4 billion at end-2009 represented a 28.61 per cent increase from the previous year, or about $31.68 billion. The Bank of Thailand attributed the increase to foreign assets, 27.53 per cent to $137.6 trillion as of January. Gold value stood at $2.9 billion.

Thailand risks losing its competitive edge, warns Finance Ministry

Political analysts expect political stability to deteriorate further after anti-government protestors announced plans to stage a million-strong rally in Bangkok on March 14 to pressure the Abhisit Vejjajiva government to dissolve parliament.

Economic recovery should Continue if no political violence

The Bank of Thailand expects a continued economic recovery, based on positive…

Thai economy likely to grow 2.5 to 3.5% in 2010

The Thai economy is projected to grow 2.5-3.5 per cent this year,…