What happened this week 23/12 – 27/12


  • Growth forecasts forced down again; FPO, BOT, Nida note impacts of political chaos on economy – As political turmoil hits the economy, the Fiscal Policy Office (FPO), Bank of Thailand and National Institute of Development Administration (NIDA) have all cut their estimates for GDP growth this year, and fear it won’t be much better in 2014. (The Nation, 27/12/13)
  • Govt targets rice exports of 8mn tonnes next year – The Commerce Ministry targets rice exports of at least 8mn tonnes next year, making Thailand once again the world’s top rice exporter. (The Nation, 27/12/13)
  • Factory permits close to 2012 level, says ministry – The Industry Ministry has approved 5,222 factory permits worth a combined Bt475bn this year as of Wednesday, increasing the number of factories nationwide to 140,158. Of the new permits, 4,589 were for new factories and the rest for expansion of existing facilities, the ministry said in a report released yesterday. It said the Bt475bn in investment excluding land costs will create 173,085 new jobs. (Bangkok Post, 27/12/13) Continue reading What happened this week 23/12 – 27/12

Stocks in the news (aie, ivl, ptt, nusa, uac) 27.12.13


IPO shares sold out — AIE sold all its IPO shares with 9,827 retail investors receiving the shares. It will list on mai on Jan 6, 2014. (Khao Hoon, 27/12/13)

Comment: The usual little one, pop and drop!


JV in UAE — IVL entered into a joint venture agreement with ChemaWEyaat to build an aromatics factory in Abu Dhabi, UAE. This is its first entry into gulf countries. (Khao Hoon, 27/12/13)

Comment: People still don’t realise how huge this company IVL is, it’s the largest PET producer in the world. Continue reading Stocks in the news (aie, ivl, ptt, nusa, uac) 27.12.13