Showing 1 - 3 of 3
Mega-investment is no longer a choice
News, Sutapa Amornvivat, Published on 27/01/2016
» As the year of the monkey kicks off, anxiety abounds. For the first time in nearly half a century, no single economic power enjoys bullish prospects. In the 1980s, Japan was at the height of its "miracle" with record salaries and employment. In the 1990s, the United States rode the success of rapid technological change that created waves of new jobs as well as the dot com bubble. At the turn of the millennium, the European Union was exuberant with the promise of growth driven by a streamlined internal market and single currency. Then China's accession to the World Trade Organisation helped it re-emerge as one of the world's great economic powers, marching briskly forward even during the global financial crisis of 2008. Today, there is no comparable big winner.
Cheap oil alone cannot grease the economy
News, Sutapa Amornvivat, Published on 21/01/2015
» Crude oil prices have more than halved since July, with a dramatic drop towards the end of 2014 as the Organisation of the Petroleum Exporting Countries (Opec) refused to curb output. The Thai equity market tumbled because energy stocks contribute as much as 20% to the SET Index market capitalisation. But most other sectors remained flat and there are a few sectors like consumer and transportation stocks that actually emerged as winners.
Rebalancing China is possible, but at what cost?
News, Sutapa Amornvivat, Published on 19/02/2014
» In November, China’s new leaders spelled out the reform agenda, which is a key product of the so-called Third Plenum. The stated reforms are extensive, comprising some 21,500 words; the objective is to put China in the A-league. Specifically, China aims to double its GDP per capita by 2020 — securing its status as the world’s largest economy, just before the 100th anniversary of the Chinese Communist Party in 2021.