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Thailand - International Political Economy
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Bank of Nova Scotia to Invest in Thailand’s Siam City Bank
Canada’s Bank of Nova Scotia has announced it will invest in Thailand’s Siam City Bank $1 billion in order to acquire a 47.6 percent stake in the firm according to Reuters.
The Thailand investment by the Canadian bank is considered Thailand’s biggest acquisition in four years and aligns with the firms strategy further penetrate the Thai [...]
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Inflation in the Thai Economy Rises 3.7 Percent
Inflation in the Thailand economy rose 3.7 percent in February as posted by the Thailand annual consumer price index according to Reuters.
The increase marks the fifth consecutive Thailand inflation increase as the Thai economy continues to recover from the negative impact of a year-long economic recession.
Thailand’s consumer price index tracks the prices of 417 products [...]
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Thailand Economy Grows 3.6 Percent in Q4
The Thai economy saw is GDP (gross domestic product) grow 3.6 percent in the fourth quarter according to Reuters.
The positive Thailand economic news marks the fastest pace of Thai GDP growth in 10 years and was driven by a renewed demand for Thai exports.
With solid future growth on the horizon, the Bank of Thailand governor [...]
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Consumer Confidence Rises in Thai Economy
Consumer confidence in the Thailand economy rose to 71.9 in January according to Businessweek.
The positive Thailand economic news marks the the highest consumer confidence reading in 21 months and is up from a reading of 70.4 in December.
Consumer confidence in the Thailand economy is tracked by the University of the Thai Chamber of Commerce through [...]
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Hutchinson to Invest in Thailand
Hutchinson, US disk drive and bio measurement computer producer, has announced it will invest in Thailand by opening an assembly plant in 2010 according Thailand’s Board of Investment (BOI) and AFP.
The Thailand investment is estimated at $121 million and will be based in the Ayutthaya province.
Hutchinson’s move to invest in Thailand aligns with other firms [...]
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Gold ETF Expected to Launch as New Thai Investment
A new Thailand investment Gold ETF product is expected to launch in the next few months according to Commodity Online.
According to Thailand’s’ Capital Market Supervisory Board, the new Thai investment product is geared towards the local investor and will directly invest in gold bullion in the local Thai market.
In addition to a SET listing, [...]
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Thai Government Encouraging Currency Outflows
The Thai government has announced a new policy that encourages currency outflows as a means to constrain Thai baht appreciation according to Dow Jones.
The move by the Thai government is counter to it’s policy enacted a few years ago that limited capital inflows which now overturned allows for easing limits on Thailand investment.
A key driver [...]
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GM to Invest in Thailand $455 Million
General Motors Corp has announced it will invest in Thailand $455 million over the next two years to upgrade existing production lines and open a new diesel-engine plant according to Reuters.
The new plant will expand on an existing plant located in Rayong Province, otherwise known as the the “Detroit of Asia”, to add an annual [...]
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WTO Rules Against US in Thailand Trade Dispute
The World Trade Organization (WTO) ruled against the US in a Thailand trade dispute involving duties placed on Thai exports of polyethylene retail bags according to Plastics & Rubber Weekly.
Claims by the Thai government state that the US calculated duties using a controversial zeroing practice which prompted the US to file an anti-dumping complaint with [...]
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Danone to Further Capitalize on Thailand Investment
French based Danone has announced it is considering Thailand as its hub for exporting to Singapore and to expand its market-share in Thailand according to the Bangkok Post.
A key driver of the move is the zero import tax the will take in effect in 2011 under the Asean Free Trade Area (AFTA).
Danone’s investment in Thailand [...]
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