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.
International Living just released its Retirement Index for 2012, which determines foreign destinations offering retirees a high standard of living at a low price. CNBC.com highlights 10 of them.
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.
By several measures, Asian currencies are bargains - but be careful.
With Thailand recovering from the worst flooding to hit the country in decades, Prime Minister Yingluck Shinawatra says the government is serious about solving the country's long-term problems and will invest in water management to ensure such flooding doesn't happen again.
Troops and army trucks are rolling through the streets of Bangkok again. This time it is not to battle protesters or overthrow a prime minister, but to help flood-hit civilians. The NYT reports.
Bangkok residents, unfazed by the floods that have created water levels as high as three feet, kept their businesses and transportation open. The Christian Science Monitor reports.
Heavy flooding in Thailand is forcing many factories to close production of hard drives. So is it time to get out of hard-drive makers? Jayson Noland, Robert W. Baird, and Grady Burkett, Morningstar, discuss.
Three weeks after monsoon run-off swamped more than 1,000 factories across central Thailand, the brown, corrosive floodwaters have only slightly receded, leaving the world’s largest computer makers without a reliable forecast about when crucial parts will be available once again. The NYT reports.
In spite of the Thai government's warning that the world's largest exporter of rice could lose as much as a quarter of its crop because of the floods, analysts tell CNBC the potential shortfall is unlikely to impact prices.
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.