BANGKOK, Oct 1- Annual inflation in Thailand jumped to 3.38 percent in September from 2.69 percent in August but that was due in part to a low base last year and inflationary pressures are generally under control, so economists do not expect interest rates to rise.
BANGKOK, Oct 1- Annual inflation in Thailand jumped to 3.38 percent in September from 2.69 percent in August but that was due in part to a low base last year and inflationary pressures are generally under control, so economists see no reason to raise rates.
BANGKOK, Oct 1- Data from the Commerce Ministry:. -Thailand's inflation has been relatively contained, held down by government price controls and subsidies on energy, utilities and public transport, plus a slowdown in the global economy. -The Bank of Thailand has forecast headline inflation of 2.9 percent for this year and core inflation of 2.2 percent.
Asian equity markets, which have had a stellar rally this year with gains of more than 10 percent in much of the region, are now starting to lose their shine as the outlook for regional exports deteriorates, analysts told CNBC.
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The U.S. Federal Reserve is widely expected to announce a third round of quantitative easing (QE3) later Thursday, but it is unlikely to result in huge capital inflows into Asia, the Bank of Thailand’s Governor Prasarn Trairatvorakul told CNBC.
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Thailand’s rising banking shares could jump a further 30 percent over the next 12 months as profitability soars on strong investment and corporate lending growth, according to Japanese brokerage Nomura.
Former Prime Minister Thaksin Shinawatra remains a divisive figure in the Kingdom, 6 years after being deposed. Parvin Chachawanpongpan, Associate Professor at the Centre for Southeast Asian Studies at Kyoto University says Thaksin is still manipulating the ruling government but Prime Minister Yingluck has stepped up and showed her leadership.
Peter Fleet, President, ASEAN at Ford says the automaker is recovering from the Thai floods and seeing strong demand for its vehicles.
Bringing Thaksin Shinawatra, the former prime minister convicted of corruption, back to Thailand will bring ‘tension and conflict’ to the country, opposition leader and former Prime Minister Abhisit Vejjajiva told CNBC on Tuesday.
Europe should be “realistic,” devalue its currency and bear the pain of reforms so that it can emerge from the debt crisis stronger, like Asia did in 1997, said Bank of Thailand’s Governor Prasarn Trairatvorakul.
PTT will help provide a fast-growing market for the natural gas from U.K.-listed Cove Energy’s east African fields, if it wins a bidding war with Royal Dutch Shell, the CEO of the company Pailin Chuchottaworn told CNBC.
Hundreds died and businesses lost billion in last year's floods, caused in part by overflow from dams filled to hedge against drought. This year, Thailand is testing different prevention measures. The CSM reports.
Thailand's Prime Minister Yingluck Shinawatra says Thailand is not failing and what it needs to do is to speed up its recovery.
Thailand’s economy has the potential to grow at 7 percent in 2012, the country’s Deputy Prime Minister and Finance Minister, Kittirat Na-Ranong, told CNBC Friday. He added that the billions being spent this year on post-flood reconstruction projects would help boost the economy.
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Following a dismal 2011, emerging markets could see up to a 30 percent gain this year, assuming the sovereign debt crisis in the euro zone is kept at bay, according to Geoffrey Dennis, managing director at Citi.