The currency could fall to 4.50 against the dollar, says Adam Reynolds, CEO, Asia Pacific of Saxo Bank Group.» Read More
BANGKOK, Aug 28- Thai factory output fell less than expected in July on strong growth in the auto sector, but a fifth month of persistently weak production will be a challenge for the new economic team tasked with revitalising Thailand's economy. With exports and domestic demand sluggish, Southeast Asia's second-largest economy has failed to emerge from a...
BEIJING— China's main stock index surged 5.3 percent Thursday, its biggest gain in eight weeks, as markets across Asia advanced in the wake of Wall Street's rebound, giving investors some relief after gut-wrenching global losses. Elsewhere in Asia, Hong Kong's Hang Seng rose 2.9 percent to 21,697.31 and Tokyo's Nikkei 225 added 1.1 percent to 18,574.44.
BANGKOK— Thailand's prime minister has reshuffled his Cabinet, responding to concerns that the military-installed government has failed to revive the badly lagging economy. Thailand's exports and economy remain weak, and the baht is among the region's worst performers. The new appointments became effective Thursday with their publication in the Royal...
Adithep Vanabriksha, chief investment officer for Thailand at Aberdeen Asset Management, expects the deadly bomb attack to be a big hit on Thailand's tourism industry and consumer confidence.
Korn Chatikavanij, deputy leader of the Democrat Party of Thailand, says the deadly explosion has "brought the Thai people together in a way that haven't been seen in years."
Thitinan Pongsudhirak, director of the institute of security and international studies at the Chulalongkorn University, analyzes the possible ramifications of this week's deadly explosion in Bangkok.
Thai police are hunting for a "foreigner" and at least two other men suspected of carrying out the deadly bombing in central Bangkok. CNBC's Sri Jegarajah reports.
Apart from happening during the peak hour, the attack was carried out one day after the Mother's Day celebrations, catching the police off guard, says Prinn Panitchpakdi, country head, Thailand at CLSA Securities.
Adrian Dunn, CIO at Brooker Dunn Asset Advisory, says the deadly bomb attack is one of the many economic and political problems that Thailand is currently facing.
Roy Teo, senior FX strategist at ABN AMRO Bank, says Thailand's tourism industry will likely be impacted in the near term, thereby raising the risk for more fiscal and monetary stimulus.
Kim McQuay, Country Representative for Thailand at The Asia Foundation, says Thai authorities seem determined to conduct the investigations in a "methodical" and "mature" manner.
Pakorn Peetathawatchai, head of corporate strategy & finance division, Stock Exchange of Thailand (SET), outlines the importance for the stock market to remain open despite Monday's deadly explosion.
While the deadly explosion has resulted in short-term cancellations, Dillip Rajakarier, CEO of Minor Hotel Group, believes that Thailand's tourism industry can recover as it has done previously.
Darren Buckley, president of the American Chamber of Commerce (AmCham) Thailand, says the deadly bomb blast in central Bangkok on Monday won't sway investor sentiment.
While the deadly bomb attack will likely impact tourist confidence, tourist arrivals, in particular from China, have not been affected at the moment, says Patee Sarasin, CEO of Nok Air.
The site of Monday's deadly bomb blast is an important location which exemplifies political struggles in Thailand, says Aim Sinpeng, lecturer in comparative politics at The University of Sydney.
Some economists are warning that Monday's deadly bomb blast could tip Thailand's economy into a crisis. CNBC's Sri Jegarajah reports from Bangkok.
LONDON, Aug 18- A 6 percent fall in Chinese shares on Tuesday hit Asian stocks and left European equities struggling for gains while emerging market currencies and oil prices touched multi-year lows. The commodity sell-off is also weighing on sentiment today, "said Craig Erlam, senior market analyst at Oanda in London. Britain's FTSE 100 fell 0.3 percent.
LONDON, Aug 18- Stocks fell on Tuesday, with European markets buckling under heavy selling pressure carried over from Asia after Chinese shares slumped 6 percent and emerging market currencies and oil prices remained anchored at historic lows. "European equity markets are taking their cues from China, and traders' suspicion is that the second largest economy...
BANGKOK, Aug 18- A bomb that ripped through a religious shrine in Bangkok's commercial heart, killing 22 people and wounding more than 100, could deal a heavy blow to a tourism sector that has been one of the few recent bright spots for Thailand's struggling economy. "Our Japanese customers have all checked out this morning and bookings have also been cancelled,"...