Markets
Thailand May Keep Low Interest rate to Support Recovery
The Bank of Thailand will hold the one-day bond repurchase rate at 1.25 percent, according to all 26 economists surveyed by Bloomberg News. The decision is due at 2:30 p.m. in Bangkok.
The Bank of Thailand will hold the one-day bond repurchase rate at 1.25 percent, according to all 26 economists surveyed by Bloomberg News. The decision is due at 2:30 p.m. in Bangkok.
“It’s still uncertain whether the recovery will be sustained,” said Somprawin Manprasert, an economist at Tisco Securities Co. in Bangkok. “There is no reason for the central bank to come up with an exit strategy anytime soon. The threat of inflation is still not significant.”
Thailand’s central bank may keep its benchmark interest rate unchanged at a fourth consecutive meeting today to support the economy’s recovery from recession.
Central bank Governor Tarisa Watanagase said Oct. 12 the nation’s economic recovery is “fragile” and accommodative monetary policy is still necessary, suggesting she won’t follow Australia in raising borrowing costs. Recurring political protests have weighed on Thailand’s economy as the government attempts to revive growth by boosting spending.
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Markets
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.
(more…)Investment
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.
Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.
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