Asian central bank decisions are in the spotlight as policymakers debate the best course of action amid expectations of a Fed hike in September.» Read More
Richard Han, CEO of Hana Electronics, says last year's military coup resulted in much-needed stability that allowed businesses to return to normal in Thailand.
Thailand's economy continues to stumble even though the central bank has cut rates twice in a row. CNBC asks Prasarn Trairatvorakul, governor of Bank of Thailand, whether he is running out of options.
Defense spending among nations in the South China Sea region is rising, but most of it isn't going to the United States.
But move would be good for rice exporters Thailand, Vietnam. JAKARTA, May 21- Indonesia's president could be forced to backtrack on promises to curb rice imports, with analysts saying the country may ship in as much as 1.6 million tonnes of the staple grain this year due to soaring prices at home and the threat of a strong El Nino. "Sometimes Indonesia's policy isn't...
Syed Hamid Albar, former Malaysian Minister of Foreign Affairs, says countries such as Malaysia should allow asylum seekers to land on their shores before a serious humanitarian problem emerges.
Deyi Tan, ASEAN economist at Morgan Stanley, does not expect a V-shaped recovery for Thailand due to factors such as falling exports and a lack of aggressive fiscal policy.
BANGKOK, May 18- Thailand surprisingly reported quarterly growth for January-March, which economists attributed to changes in past data calculations and said the economy is still making little headway. "The momentum is still quite weak in Q1," said Santitarn Sathirathai, Singapore- based head of Southeast Asia economics for Credit Suisse.
Barnabas Gan, analyst at OCBC, says government spending and improved tourist arrivals in Thailand have failed to offset slower growth in private consumption and exports.
Kobsidthi Silpachai, head of Capital Markets Research at Kasikornbank, outlines the weaknesses in Thailand's domestic economy.
Jeffrey Halley, head of Trading, Asia at Saxo Capital Markets, says below-view data will likely keep the Thai bath on the back foot and advises investors to short the currency against the euro or the yen.
KUALA, LUMPUR, May 15- Malaysia's economy posted 5.6 percent growth in the first quarter, beating forecasts and just a tad slower than the previous quarter, as it showed resilience in the face of weak global prices for energy and commodity exports. After releasing the data, Bank Negara Malaysia's Governor Zeti Akhtar Aziz said the Southeast Asian economy was...
*Japan, Australia forecasters announce arrival of El Nino. SINGAPORE, May 12- In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia.
*Markets eyeing Japan, Australia forecast on Tuesday. SINGAPORE, May 12- In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia.
Thailand's baht has long out-muscled regional peers, but amid a stumbling economy, the central bank has pulled the plug on supporting the currency.
BANGKOK, April 30- Thailand's central bank unveiled measures on Thursday to encourage more capital outflows to rein in the strong baht, a move it hopes will spur the country's ailing exports and boost the trade-dependent economy. Thailand is treading carefully after imposing tough capital controls in late 2006 that spooked markets and were quickly aborted.
BANGKOK, April 29- Thailand's central bank surprised markets by cutting its key policy rate for a second straight meeting on Wednesday, with policymakers under pressure to revive the stumbling economy. The central bank also announced it would relax curbs on capital movements out of Thailand at a news conference on Thursday, a move aimed at reducing the baht's...
BANGKOK, April 29- Thailand's central bank surprised markets by cutting its key interest rate for a second straight meeting on Wednesday, with policymakers under pressure to revive the stumbling economy. The Bank of Thailand's monetary policy committee voted 5-2 to cut the one-day repurchase rate by 25 basis points to 1.50 percent, confounding expectations...
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.
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.
Economics will be the top agenda of Russian prime minister Dimitry Medvedev's visit to Vietnam and Thailand this week, says James Brown, Assistant Professor at Temple University, Japan.