Thailand may consider selling yen or dollar-denominated bonds to finance the budget deficit and show investors the country has regained its “economic strength,” Finance Minister Korn Chatikavanij said.
Thailand, which sold yen-denominated debt in 2008, may “do the same this year,” Korn said in an interview today, adding that issuing dollar-denominated bonds may also be “interesting.” The government may spend as much as 5 percent of the nation’s gross domestic product in 2010 to boost the economy, he said.
“We can mostly fund this domestically,” said Korn, who was speaking to Bloomberg Television. “Nevertheless, we haven’t shut the door.” Selling bonds in the international market “would have a potential side benefit of showing the world that Thailand is back where it belongs in terms of its economic strength,” he said.
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…)
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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