Competitiveness: Yingluck approves more rice farmers friendly program despite global & local press criticism

By Pooky, Thai Intel’s economics journalist The Yingluck government, just today, approved a “Rice Production Insurance” scheme, where Thai rice farmers can ensure their crop against floods, pests and disease. According to a local press, TNN, the insurance will have a pay-out rate of about 4,000 baht a Rai, if farmers rice production is hurt…

Economics: Kasikorn Bank “Thai exporters are covering their global exposure risks”

By Pooky, Thai Intel’s economics journalist On a local TV station, TNN, Kasikorn Bank senior analyst, Kitti, said Thai firms usage of forward currency contract and letter of credit confirmation, is up significantly. Kitti also said Thai exports to the globe could reach the government target of about 15% growth, but for the 3rd and…

Economics: Yingluck orders “All” Thai economic related units to be prepared for potential “Euro Crisis” deterioration

By Pooky, Thai Intel’s economics journalist Local press reports that Thailand‘s prime minister have ordered all of Thailand’s economic related units to be prepared for potential impact from the Euro Crisis, if it deteriorates further. “The prime minister is concerned about the Euro Crisis impact on Thailand,” local press reports. A few days back, the…

Economics: Thai central bank chief launches a “Blistering Attack” on Yingluck’s economic guru

  By Pooky, Thai Intel’s economics journalist Very few will argue that Central Bank needs to be independent, but the arguments do not stop there. With “Independence” comes “Responsibility.” The question is, “Who will measure the central bank’s performance, to see if it is meeting its responsibility?” Veerapong, an economist close to the Yingluck government,…

Competitiveness: Oxford Group and Barings analysis sees strong Thai globalism

By Pooky, Thai Intel’s economics journalist “Foreigners are trying to enslave Thailand,” says ThanongK, an editor of the Nation Group, a news group in Thailand. The truth is, that statement is just about what the Thai establishment thinks-and it is very anti-globalist! However, a long standing say about Thailand is China has roast duck and…

Economics: “Clashes” in the management of the Thai economy between technical & fundamental factors

By Pooky, Thai Intel’s economics journalist The Clash: There appears to be a clash between fundamental analysis and technical analysis, in the management of the Thai economy between the Thai central bank focus on fundamentals and the Thai finance ministry focus on technical analysis. “The central bank should be more anticipatory of the future events,”…

Economics: Magazine gives Thai Central Bank chief “Best Award” as bank lost US$20 billion in investment

By Pooky, Thai Intel’s economics journalist Well, the Thai central bank internal audit, gave Prasarn, the Thai central bank chief, something like “AAA” rating, despite the unit loosing about US$20 billion in Euro and USA investments of public money. The only thing the internal audit found fault with Prasarn, is that it said Prasarn is…

Competitiveness: Broker, Kiatnakin says Central Bank up interest rates to widen commercial bank spread

By Pooky, Thai Intel economics journalist Kiatnakin Securities said today that today’s Thai central bank interest rate increase will widen bank’s interest rate spread and benefit KBank and KTB the most-and therefore, Kiatnakin Securities advised its investors to over-weight bank (see here for the monopolistic Thai banking industry) The Thai central bank head, just came…

Competitiveness: Thailand’s retail giant, Central, targets ASEAN for shopping malls after China focus

By Pooky, Thai Intel’s economics journalist Details remain scarce, however, local news are reporting that Thailand’s Central Group is targeting to open department stores in ASEAN-including Vietnam, Indonesia and Malaysia-with a few names in the local markets as potential partners. True, a local cable TV, said the move is after a “Deep Study and Research”…