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Thailand announced a five-day holiday on Tuesday to give people the chance to escape floods closing in on Bangkok as the prime minister warned that the capital could face an inundation of 1.5 metres (nearly five feet) of water if barriers collapsed.
Thai Finance Minister Thirachai Phuvanatnaranubala tells CNBC he is confident the Thai economy could still achieve GDP of 2% despite the floods.
Emerging market central banks have a busy week ahead. Here's how to trade on the upcoming meetings.
Qantas Airways says it is canceling and delaying dozens of flights because of a strike by its ground workers and engineers. The Australian carrier says 8,500 domestic and international passengers will have their flights disrupted by Friday's strikes. Qantas says 39 flights will be delayed and two flights canceled.
The appointment of a former Chinese central bank official, Zhu Min as a deputy managing director at the IMF was meant to increase Asia's voice at the Fund. But some current and former policymakers, say the region remains under-represented.
The price of gold could almost double as central banks' reserves are depleted, according to the chairman of a gold industry association.
Corn and sugar prices may have rallied on Tuesday, but for investors looking to profit from an agricultural trade, one analyst is putting his money in corn, over sugar.
The decisive win by Thailand's opposition Pheu Thai party may have removed some uncertainty over the country's political future, but questions remain over the country's economic outlook, analysts told CNBC on Monday.
Thailand’s fugitive former Prime Minister Thaksin Shinawatra has described his sister Yingluck as his “clone.” But the 44-year-old, who hopes to become the country’s first woman prime minister representing the opposition Pheu Thai Party in the July 3rd elections, insists that she takes decisions independently.
Friday’s inflation data from China and India showed accelerating inflation. At the same time, real interest rates in a number of the world’s major economies still remain negative. Investors buying fixed-income securities such as government bonds risk earning negative real yields. But JPMorgan and Macquarie securities have found a telecom stock each that pays a 9 percent dividend.
Japan is beginning to look like an emerging market in the sense that its valuations "are getting very attractive," said Templeton Emerging Markets Executive Chairman Mark Mobius.
Central banks can only slow, not stop, currencies from moving when fundamentals dictate a shift. That means you, Malaysia and Thailand.
Investment flows turned against Asia-Pacific in the first quarter of this year, but the most promising markets look poised for another wave of hot money in the second half of 2011.
China, at last, is getting serious about rebalancing. At the National People's Congress, the country's annual legislative session which concluded this week, leaders unveiled a new five year development plan.
Beyond the devastating loss of life and livelihoods, why should we care about the impact of these Australian natural disasters? The answer is simple, and very clear on the rioting streets of Egypt: commodity price inflation.
Win Viriyaprapaikit has a smile on his face. Since he signed an agreement in late August to buy a steelworks in northern England from Corus, the price has fallen by over $22m in baht terms.
Thailand, known to many as Asia's center for cosmetic surgery and sex-change operations, is beginning to lose its competitive edge in the medical tourism space, according to analysts.
Thailand's automobile industry is making a strong comeback following the global financial crisis, supported by robust recovery in demand.
Thailand's tourism sector is recovering fast and strong since the political unrest in May, said Dillip Rajakarier, COO of Minor Hotel Group on CNBC.