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Thai Business News
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Tuesday, 17 July 2007 |
 Economists are divided over whether Thailand's central bank will keep its benchmark interest rate unchanged for the first time this year following four consecutive cuts. The Bank of Thailand will maintain its one-day bond repurchase rate at 3.5 percent, according to nine of 17 economists surveyed by Bloomberg News. Seven economists expect a quarter of a percentage point cut, while one expects a half-percentage point reduction. The decision will be announced at 2:30 p.m. on Wednesday. The following is a table of economists' estimates of where the central bank's one-day bond repurchase rate will be after tomorrow's policy meeting:
Bloomberg
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Thai Business News
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Tuesday, 17 July 2007 |
 Not only do Arizona and Thailand share similar warm weather, but the two also shares a similar economy. According to the U.S. Department of Commerce, Arizona's gross domestic product falls in the neighborhood of $197 billion, right on par with Thailand's. "Thailand is a growing economy, as well as Arizona," said Dan Flack, a financial planner in the Phoenix office of Pacwest Financial Management. The company included a U.S. map with its GDP counterparts around the world in its latest quarterly newsletter.
The Business Journal of Phoenix
The Globe and Mail
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Thai Business News
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Tuesday, 19 June 2007 |
The Thai government's latest Board of Investment survey shows that foreign investors - especially those from Japan, Taiwan, Singapore and the United States - remain confident of Thailand's potential. Although just under a fifth of organizations sent a questionnaire actually responded, 43 percent of those that did said they remained confident in Thailand's potential and indicated they would maintain their investment at the same level. Meanwhile, 35 percent of respondents said they planned to expand their current investment in Thailand. Four percent stated they were considering downsizing their businesses in Thailand or moving their ventures to another country.
TNA
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Thai Business News
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Thursday, 07 June 2007 |
International real estate consulting firm Colliers International Thailand said Thailand's hospitality industry would draw about 15 billion baht of new investment through next year. Patima Jeerapaet, managing director of Colliers Thailand, said most foreign investors are from the Middle East, Europe, China, Hong Kong, Malaysia, Singapore and Australia, although many foreign investors remained concerned about potential changes to the Foreign Business Act. He said institutional investors are focused on the hotel and leisure industry and the commercial sector, while corporate investors prefer the residential segment.
Bangkok Post
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Thai Business News
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Tuesday, 05 June 2007 |
Thailand's economic growth rose a 4.3 percent in the first quarter from a year ago and increased 1.2 percent from the previous quarter, according to the National Economic and Social Development Board. Experts said surging exports helped to offset weakness in consumption and investment growth. The board also lowered its 2007 growth forecast range to between 4 percent and 4.5 percent from a previous projection of 4 percent to 5 percent, due to a weakness in the domestic economy caused by political uncertainty.
AP
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