Andrew Naylor, executive director at Cicero Group, outlines the diplomatic and economic aims of Russian prime minister Dmitry Medvedev's visit to Asia this week.» Read More
SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.
BANGKOK— Thai officials said they were rushing to crack down on illegal and unregulated fishing in a bid to avoid the European Union's threat to ban seafood import from the country. The EU on Tuesday gave Thailand, the third-largest seafood exporter, six months to drastically combat illegal and unregulated fishing or face a seafood import ban.
WASHINGTON— In its first report on trafficking around the world, the U.S. criticized Thailand as a hub for labor abuse. It has also spared Thailand from sanctions slapped on other countries with weak records in human trafficking because of a complex political relationship that includes cooperation against terrorism. The question of how to deal with Thailand...
Paul Gambles, founding partner of MBMG Group, explains why the lifting of martial law in Thailand makes "no significant difference."
BANGKOK, March 31- The Thai central bank's private consumption index crept up in February, but it said economic recovery continued to be slow and was being driven mainly by the return of tourists. On Tuesday, the Bank of Thailand released a raft of economic indicators that showed consumption and investment remain weak 10 months after the army seized power to end...
*Feb output +3.55 pct y/y, first increase since March 2013. BANGKOK, March 30- A 22- month streak of declining Thai factory output has ended, lifting hopes for an economic recovery, but a member of the country's monetary policy committee warned that the traditional growth drivers are "not really working anymore". The Industry Ministry said factory output in...
*Confident of recovery this year- Industry Ministry official. BANGKOK, March 30- Thai factory output unexpectedly rose in February from a year earlier, ending a 22- month streak of falls and giving some hope of improvement in the beleaguered economy. The Industry Ministry said output in Southeast Asia's second-largest economy in February rose 3.55 percent...
Mohshin Aziz, aviation analyst at Maybank Investment Bank, discusses news that the International Civil Aviation Organization flagged "significant concerns" about Thailand's aviation safety.
*Shipments to China -15 pct y/y, to U.S +5.1 pct. BANGKOK, March 26- Thai exports fell more than expected in February, showing that a key growth engine for the country is still sputtering, but imports surprisingly rose for the first time in five months. With disappointing exports in early 2015, "the outlook is not so good," said Sarun Sunansathaporn, economist with Tisco...
Pridiyathorn Devakula, Deputy Prime Minister of Thailand, expects the country to grow over 3 percent this year despite lower export demand from its key markets like the United States.
Volatility has become a market hallmark this year and investors across Asia are grappling with a slew of issues. Here are the top five themes.
BANGKOK, March 19- Next month the last batch of televisions will roll off the production line at LG Electronics' plant in Thailand's Rayong province, just east of Bangkok. The move is part of a downward trend for Thailand's once-booming electronics industry, that is struggling to find a foothold in the global supply chain for modern technology like smartphones...
Vishnu Varathan, senior economist at Mizuho Bank, discusses the unexpected interest rate cuts by the central banks in Thailand and South Korea.
*Thailand becomes latest Asian nation to ease policy. BANGKOK, March 11- Thailand unexpectedly cut its benchmark interest rate on Wednesday, in a bid to give the ailing economy a spark that the military government has been unable to provide so far. Thailand expanded only 0.7 percent in 2014, as the military, which seized power in May, was unable to get growth on track.
There's no need for a rate cut in Thailand as easing inflation doesn't indicate a collapse in demand, says Kobsidthi Silpachai, head-Capital Markets Research at Kasikorn Research.
Santitarn Sathirathai, head of Southeast Asia and India Economics Research at Credit Suisse, says the Bank of Thailand is concerned about potential bubbles in its stock and property markets.
The Thai baht has surprised by becoming a top-performing currency over the past year despite political turmoil, but that may change, analysts say.
*GM to stop car manufacturing in Indonesia. GM Indonesia to shutter assembly plant, axe 500 jobs. Feb 27- A day after announcing it is to stop making GM-branded cars in Indonesia, General Motors said on Friday it would cease production of its Chevrolet Sonic in Thailand by the middle of this year.
Lower oil prices usually boost airline profits, but for AirAsia, the drop pushed the carrier into the red as Malaysia's ringgit took a knock-on blow.
Narongchai Akrasanee, Energy Minister of Thailand, says the gap between subsidized and market oil prices is small, with diesel and LPG trading at market prices now.