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Analysts look to positives amid N Korea tensions

TENSIONS over the stand-off between the US and North Korea could pressure global stock markets, say investment experts, though some note that concerns over the prospect of a French referendum on whether to leave the European Union may encourage capital to stay put in Thai and other emerging markets. Warut Sivasariyonon, managing director for research […]

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Easy money bull runs to end soon according to ASCO

Liquidity-driven stock market rallies are coming to an end following the tapering of rapid fire money printing at most major central banks, warns the Association of Securities Companies. “We’ve been in the quantitative easing [QE] era since 2008 with money flooding stock markets across the globe, but the magnitude of cash pumping is gradually being […]

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MINT ‘safe’ from floods

Niphit Ariyawong, adviser to the department, said everything would be done to protect the mint. He said the authority had erected a strong flood-prevention barrier more than a metre high around the Bt1-billion mint. “We’re confident of protecting the mint, and we can continue to supply coins to the economy,” he said. The Treasury Department […]

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Cut policy rate, aid disaster recovery: Kittiratt

Deputy Prime Minister Kittiratt Na-Ranong yesterday urged the Bank of Thailand to slash interest rates to help people and firms devastated by flooding to recover, as the government had inflation under control. “The central bank should consider reducing its policy rate at the upcoming meeting to help all industries and boost private sector growth,” he […]

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Kittiratt: Rice pledging scheme will be under-budget

Deputy Prime Minister for economic affairs Kittiratt Na-Ranong is confident that the government’s rice scheme will boost local rice prices and that the cost of the rice price pledging plan will be lower than expected, but a poll of economists concludes that corruption is inevitable. He predicted on Wednesday that the government’s rice mortgage scheme […]

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BoT warns of populist stimulus

The Bank of Thailand has cautioned against government policy to promote a consumption-led stimulus as it could fuel inflation while failing to lift the country’s economic potential. Prasarn Trairatvorakul, the central bank governor, said the economy was not in need of economic stimulus next year and trends did not warrant it. Intra-regional trade and emerging […]

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Government warned not to be left behind in starting free-trade talks with EU

Thailand may lose opportunities to promote trade and investment with the European Union if its falls behind Asean countries in bilateral free-trade talks expected to reach agreement next year. At a meeting with Commerce Minister Kittiratt Na-Ranong yesterday, EU Ambassador David Lipman said the union’s free-trade talks with Singapore and Malaysia were progressing well. It […]

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