Showing 1-10 of 11 results
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Global economic outlook: Cautious optimism for new year
Business, Tientip Subhanij, Published on 30/12/2016
» December has come once more. To me this is the time to assess how we did the previous year and to think about what might lie ahead. I think we all agree that this has been a year of Black Swan events -- extremely surprising developments that have major consequences.
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Goodbye 2015: A farewell to easy money
Business, Tientip Subhanij, Published on 25/12/2015
» This Christmas marks the beginning of the end to an unprecedented era of easy money, a period in which businesses, investors and consumers had access to credit at cheaper prices. The US Federal Reserve last week voted unanimously to raise key interest rate by a quarter-percentage point after keeping rates near zero since the subprime crisis. The last increase was almost a decade ago in June 2006 -- a year before the first iPhone was released.
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Life after the eventual Fed rate hike
Business, Tientip Subhanij, Published on 25/09/2015
» People often ask me what will happen to the value of the baht. After the US Federal Reserve's decision to hold back from raising interest rates last week, the questions have only increased. The Thai currency has depreciated a lot this year, falling by 9.57%, much more than the often-talked-about yuan devaluation, which sent that currency declining by only 2.75% so far this year. We are, however, not alone in this devaluation trend. Malaysia and Indonesia have seen their currencies tumble as much as 23% and 17.5%, respectively.
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The groans of August: yuan devaluation and beyond
Business, Tientip Subhanij, Published on 28/08/2015
» The month of August does not usually bring good news to global financial markets. While it is a holiday time for many people, August has often witnessed the first signs of cracks in the global economy. We all remember the Russian debt default in 1998, the run on the British bank Northern Rock in 2007, the collapse of US financial markets in 2008 and the US loss of its AAA credit rating in 2011.
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The world is getting spooky this Halloween
Business, Tientip Subhanij, Published on 31/10/2014
» Halloween is here. My mother-in-law in the US is busy picking out pumpkins for the day. Her grandchildren are busy dressing up as ghosts and witches on one of the oldest of Western holidays. Each year on Oct 31, children in costumes go from door to door to collect treats from their neighbours, while adults spend the night at frightening Halloween parties. I also have plans this Halloween and am looking forward to a good laugh.
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2014 markets: Don't worry, but don't be too happy
Business, Tientip Subhanij, Published on 31/01/2014
» Happy Chinese New Year! The start of a year usually brings hope and optimism into our lives. For the global economy, the Year of the Horse promises to be a better year despite the recent currency crisis in emerging markets. Many of the challenges we faced have either abated or have been overcome.
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Some thoughts that will keep you up at night
Business, Tientip Subhanij, Published on 25/10/2013
» This Halloween the worst may be over for the world in general, but many people are still worried about economic conditions. In fact, the latest World Economic Outlook from the International Monetary Fund pointed to the rather spooky state of the global economy. It expects growth to expand by only 2.9% this year and 3.6% in 2014 _ down by 0.3 and 0.2 points respectively compared to the predictions it made just three months ago.
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Secular stagnation and endless protests
Business, Tientip Subhanij, Published on 29/11/2013
» Once again, it has been a terrible month for Thai politics. Tension is building up everywhere. After the conflict over a wide-ranging amnesty bill that would have eased former prime minister Thaksin Shinawatra's return to the country, even greater opposition mounted over the Constitution Court ruling on the charter amendment bill. One thing led to another. Now tens of thousands of protesters have gathered for massive anti- and pro-government rallies, the biggest we have seen in three years.
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Japan is back for the last gamble
Business, Tientip Subhanij, Published on 28/06/2013
» It is hard not to talk about Japan these days, considering how much cheaper the yen has become. Since the start of the year, the yen has dropped about 12% against the US dollar after reaching as low as 103 yen to the dollar last month. Despite gaining some strength in recent weeks, over the past year the yen has already lost more than a fifth of its value against the dollar, currently trading at about 97.
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Climate change for the currency market
Business, Tientip Subhanij, Published on 29/03/2013
» Currency movement is something I have been watching rather attentively this year. The baht has already appreciated about 4% since January, trading around 29.30 to the US dollar yesterday. I cannot help thinking how far we have come from the point when the baht was worth much less _ 50 to the dollar and 90 to the pound in early 1998.
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