Financial Markets…Foreign purchase of U.S. financial assets plummeted in September, with net buying of long-term equities, notes, and bonds falling to just $3.3 billion in the month from $90.3 billion in August, due partly to the improved market sentiment toward the European debt situation and profit taking on earlier purchases.
The MSCI Emerging Market Index fell for a seventh day on Friday,
sliding 0.4% and heading for its biggest weekly loss since July, as risk-aversion among investors grew amid prospects of the so-called U.S. fiscal cliff. Chinese shares led the decline with the country’s CSI 300 Index dropping to the lowest level since 2009.
Credit-default swaps on Argentinian government debt rose above 30 percent for the first time in London trading today, as speculation grew the country may opt to default rather than settle with its creditors. A U.S. court ruled in October that Argentina must pay holdout creditors from its $95 billion debt default in 2011.
High-income Economies…US industrial production dropped 0.4% (m/m) in October following a 0.2% increase in September, as superstorm Sandy knocked out power in large swathes of the Northeast in late October. US firms also face a persistent challenge from Europe’s recession and slower growth in Asia. On a year-on-year basis, industrial production growth slowed to 1.7% (y/y) in September from 2.8% (y/y) the previous month.
Euro Area exports fell 1.1% (m/m) in September, but imports dropped at a faster pace of 2.7% (m/m), reflecting weakening domestic demand as the euro area went into a recession in the third quarter. As a result, the trade surplus widened to 11.3bn. euros in September from 8.9bn. euros in the previous month.
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Global Gaming Expo Asia Overview
This event is a must for anyone involved in the Asian gaming industry: an overwhelming 95% of Asian casino and sportsbook operators attend G2E Asia to present their products
G2E Asia – an abbreviation for Global Gaming Expo Asia – is a renowned iGaming event and entertainment business hub where companies from all over the globe come to exhibit their latest products and innovations.
Subscribe via Email
Developing Asia growth set to rebound to 7.3% in 2021 (ADB)
Thailand slow vaccination progress coupled with a surge of infections has prompted Kasikorn Research Centre to lower its growth projection...
Thailand extends the 7,000 baht “Rao Chana” scheme to 33.5 million Thais
The Ministry of Finance said that the new proposal will increase the number of people eligible for the “Rao Chana”...
Bangkok falls 19 places to 49th most expensive location worldwide
Locations reliant on international tourism have seen their rental markets hit especially hard during the pandemic, resulting in some major...
Thai fruit exports to FTA markets up 107 percent
China, Malaysia, Singapore, Indonesia, the Philippines, Hong Kong, Australia and Chile are top importers of Thai fruits, especially fresh durian,...
Digital Revolution and Repression in Myanmar and Thailand
Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage...
3 Reasons to Be Optimistic About the Baht Right Now
Probably one of the most important factors for the rise of the Baht is the continued weakness of the US...