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Baht Exchange rate a growing concern
Thailand could face increasing pressure in 2010 to shift exchange-rate policies in order to maintain competitiveness in the global market, says Kirida Bhaopichitr, senior economist for the World Bank in Bangkok.
Capital flows have been returning to emerging markets such as Thailand since the middle of the year, she said at a seminar held by the Iron and Steel Institute yesterday.
Thai Baht has steadily gained against US dollar in 2009
Fund flows have come into not only government bond markets to help finance public stimulus spending, but have also come in the form of foreign direct investments and equity flows.
The result of added capital flows into the Asian economies is added pressure for currencies in the region to appreciate.
At the same time, the US dollar is facing pressure owing to structural weaknesses in the US economy, and has fallen sharply against both the euro and the Japanese yen.
Asian economies have been intervening steadily in their currency markets to slow the pace of currency appreciation and prop up their export sectors.
via Exchange rate a growing concern.
China
Bangkok 7th World Most connected city to China
Bangkok also ranks 3rd in terms of the volume of Chinese corporate leasing activity over the last three years, according to a new report from real estate consulting firm JLL.
While China’s biggest corporates are increasingly flexing their global muscle as the country’s economic and geopolitical influence accelerates, Bangkok is the 10th most popular destination for mainland firms expanding overseas. (more…)
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Thailand’s Special Economic Zones (SEZ) and new opportunity connected
The SEZ policy was first launched in 2015 based on the government’s belief in the strong potential of the 10 areas to connect with the neighboring countries in terms of trade, economy and investment
With its strategic location in the center of ASEAN with emerging markets, including Cambodia, Laos, Myanmar, Malaysia and southern China, on its border, Thailand is well position to connect investors to new opportunities arising from the increasing border trade and the region’s rapid economic growth.
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