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Logistics Sector Proposes 8 Measures to Curb Baht’s Rise

The logistics sector has made eight recommendations to deal with the strengthening of the baht to the government. Chairman of the Thai National Shippers’ Council Paiboon Ponsuwanna, said the export sector has been greatly impacted by the baht’s appreciation, with August exports expanding by a mere 17.5 percent when denominated in the baht, as opposed to 23.9 percent when revenues are denominated in US dollars.

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The logistics sector has made eight recommendations to deal with the strengthening of the baht to the government. Chairman of the Thai National Shippers’ Council Paiboon Ponsuwanna, said the export sector has been greatly impacted by the baht’s appreciation, with August exports expanding by a mere 17.5 percent when denominated in the baht, as opposed to 23.9 percent when revenues are denominated in US dollars.

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Logistics Sector Proposes 8 Measures to Curb Baht’s Rise

The output of other sectors was also affected during the recent crisis, although less markedly because they had been growing slower than the sectors linked to external demand.
All in all, a more favorable external environment should help boost real GDP growth to 6.2 percent in 2010. After this year, slower growth in developed countries, emerging capacity constraints as capacity idled during the crisis is quickly put to use, and the weight of the ongoing political turmoil on new investment, should likely keep growth below Thailand’s historical average of 5.1 percent. On the whole, Thailand’s fiscal and financial picture remains solid

Chinese investment funds, Middle Eastern petrodollars — there is a huge amount of new money being channeled into the Asian capital markets.
But another factor is likely the presence of larger, institutional investors in large-cap stocks who are more concerned about long-term performance than short-term market movements.
Introduction The modern Thai Capital Market traces its origins back to the early 1960s. In 1961 Thailand implemented its first five-year National Economic and Social Development Plan to support the promotion of economic growth and stability as well as to develop the Kingdom’s standard of living. Following upon this, the Second National Economic and Social Development Plan (1967-1971) then proposed for the first time that an orderly securities market be established in order to mobilize additional capital for national economic development.

The creation of Thailand’s first officially sanctioned and regulated securities market was initially proposed as part of the Second National Economic and Social Development Plan (1967-1971). In outlining its proposal for the creation of a supervised securities market, the Second National Development Plan stressed that the market’s most important role would be to mobilize funds to support Thailand’s industrialization and economic development.

Business

Asian Financial Forum (AFF) Features 2,800+ Government, Finance and Business Leaders

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Co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), the two-day Asian Financial Forum (AFF) came to a successful conclusion today at the Hong Kong Convention and Exhibition Centre. (more…)

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China

Asian Infrastructure Investment Bank opens for Business

The inaugural meeting of the Asian Infrastructure Investment Bank’s Board of Directors was convened in Beijing on January 17, 2016. The Board of Directors is made up of 12 Directors, of which 9 Directors represent regional members and the others non-regional members. Mr. Jin Liqun, President of the AIIB, chaired the meeting.

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The inaugural meeting of the Asian Infrastructure Investment Bank’s Board of Directors was convened in Beijing on January 17, 2016. The Board of Directors is made up of 12 Directors, of which 9 Directors represent regional members and the others non-regional members. Mr. Jin Liqun, President of the AIIB, chaired the meeting. (more…)

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Banking

Beloved panda was wartime ambassador warming hearts of people

Ming the panda gets behind the camera for photographer Bert Hardy in 1939 in London Zoo. In the chair is Hardy’s son Mike. Getty Image She was black, white and furry, far from home, and loved having her tummy tickled, especially by princesses.

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Ming the panda gets behind the camera for photographer Bert Hardy in 1939 in London Zoo. In the chair is Hardy’s son Mike. Getty Image She was black, white and furry, far from home, and loved having her tummy tickled, especially by princesses.

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Beloved panda was wartime ambassador warming hearts of people

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