Abhisit Vejjajiva, former Prime Minister of Thailand, says a referendum will help to eradicate any questions about the constitution's legitimacy and avoid further conflicts.» Read More
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.
*Shipments to China -20 pct, to Japan -7.5 pct. BANGKOK, Feb 25- Thai exports were far weaker than expected in January, which will renew pressure on the military-led government to boost economic stimulus and on the central bank to cut rates. Exports, worth more than 60 percent of the economy, fell 3.46 percent in January on the year, the Commerce Ministry said on...
*CVC, shareholders to offer 645 mln shares in HK $8- 9/ each range. HONG KONG, Feb 23- HKBN Ltd, Hong Kong's second-largest broadband Internet provider, will launch its IPO on Tuesday, with shareholders including CVC Capital Partners looking to raise up to $750 million, sources familiar with the IPO plans said. At the top of its indicative range, the IPO would be the...
Pakorn Peetathawatchai, CFO at the Stock Exchange of Thailand and Pahala Mansury, CFO of Bank Mandiri, discuss the impact that the Greek crisis has on Asia's financial markets.
Thailand's interim parliament has passed a law banning foreigners from seeking surrogacy services to end a "rent-a-womb" fertility-tourism industry.
JAKARTA, Feb 18- They might be late to the party, but central banks in Southeast Asia are joining the global rush of easier policy, as deflationary pressures create room for them to prop up faltering growth without weakening defences against capital outflows. Indonesia surprised markets with a rate cut on Tuesday, and Singapore eased its policy in January.
*Japan ended Indonesia imports about 10 yrs ago on bird-flu worry. JAKARTA, Feb 18- Indonesian poultry suppliers are weeks away from making their first exports of processed chicken to Japan in a decade, an endorsement of quality that will boost the Southeast Asian nation's push into a regional market dominated by Thailand. Hit by scares over chicken meat safety...
Santitarn Sathirathai, head of Southeast Asia and India Economics Research at Credit Suisse, says Thailand has been seeing a sluggish recovery and outlines the weakest links in the economy.
Prasarn Trairatvorakul, Governor of the Bank of Thailand, says the central bank has space to ease policy if economic data worsens.
*Dec private consumption -0.7 pct m/m, investment +0.1 pct- c.bank. *Dec current account surplus a record high $5.52 bln. BANGKOK, Jan 30- Thailand's private consumption contracted in December and investment stalled, the latest evidence that the country's growth engines remain shaky and the economy is not back on track.
A motley group of Thai civilians frustrated by their government's lackluster response to human trafficking have taken up arms to patrol a smuggling route.