SCB’s EIC (Economic Intelligence Center) just put out this chart (red line – property; yellow – consumer spending; and blue – auto), essentially shows what we have been thinking for the past few months that the Thai consumer may be tapped out with the recovery from the floods in 4Q11, the first time car buying scheme and […]

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This editorial appeared on bloomberg last week commenting on Thailand’s economy. here’s a few snippets and my comments.   Her government has subsidized rice prices, provided handouts to car buyers and favored megaprojects that will enrich the politically connected more than the masses. All this comes at the expense of long-term competitiveness and prosperity: Thailand […]

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GRAMMY GMM Grammy issues new shares ahead of license bid – In preparation for its bid to secure digital terrestrial TV licenses, entertainment giant GMM Grammy yesterday issued 106,052,989 new ordinary shares at par value of Bt1 each, to be offered to existing shareholders at a ratio of one new share per five existing ordinary […]

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