Showing 1 - 6 of 6
Govt rice losses: 130 billion baht, not 34 bil
Jon Fernquest, Published on 17/06/2013
» Low estimate didn't include market value of unsold rice in storage. Rice is perishable & falls in value so market value is real value (mark-to-market).
Rising baht: Dollar borrowing by Thai banks
Jon Fernquest, Published on 20/05/2013
» Interest rates lower in other countries, so Thai banks borrow there in dollars causing baht to rise in value making Thai exports less competitive.
Four Seasons controversy continues
Terry Fredrickson, Published on 22/02/2012
» The PM’s Four Seasons Hotel meeting continues to make news as the ombudsman wants an explanation and a Phue Thai MP is denied entry to the floor where the meeting took place.
Central bank: New revenue hunt
Jon Fernquest, Published on 15/02/2012
» 24 years still likely to pay off FIDF 1997 crisis debt recently shifted to Bank of Thailand in possibly unconstitutional bypassing of parliament by executive decree.
New tax on bank deposits
Jon Fernquest, Published on 14/02/2012
» Bank deposit tax hike from 0.4% to 0.47% (0.01% for deposit insurance, 0.46% for lingering 1997 crisis debt). Same tax for state & commercial banks now.
Economic cost of flooding
Jon Fernquest, Published on 18/10/2011
» 1.7% fall in growth, flood prevention investments financed with overseas borrowing, longer debt repayment periods for flood hit companies.