Europe is screwed economically, done. But SE Asia…peak currency weakness? Equity markets doing alright, look at TH, barely moved this year, granted it didn’t go anywhere for 5 years…but FDI is picking up in this country (China is bad for business, finally people have realised this…), tourism figures are already back to the pre-wuflu run […]

Panel sets average rate hike at 5%: The national wage committee has finalised hikes in the daily minimum wage by an average of 5.02% and the new rates, which include a hike of 22 baht in Bangkok and its surrounding provinces, are expected to take effect in October. Bangkok Post Export growth rate eases amid […]

The Fed said nothing new to our ears. But equity markets have their own opinions…movements in this part of the world are going to be (or already) in the currency markets more than the equity markets. Especially Thailand, just look below YTD the SET is only down -0.8%, but the currency is -8% YTD versus […]

E-service tax brings in B6bn: The Revenue Department has collected almost 6 billion baht of e-service tax from foreign operators during the first 10 months of fiscal 2022, surpassing the target by 951 million baht. Bangkok Post Landlords jittery over seizure risk: Government plans to claim vacant plots. Landlords in the hotel sector have raised […]

So is the market recovery done for now? Or will the pain only be in the currency market (baht is back to USD/THB 36 as of writing). 2Q22 earnings for the market were fantastic and surprised most analysts. Fun times.

Rubber authority reported 1M22 natural rubber & rubber products exports at 2.19m tons, total Bt240b, China is top importer account for 49% of total exports, Malaysia 10%, U.S. 7%, JPN 6% and SKR 4%. Banks pledge to maintain prime lending interest rate: Local banks have announced they are maintaining the prime lending interest rate to […]

If you look at earnings season….I dare say it, it’s surprised a lot of people with far better than expected figures for most industries…remember…market share to the big boys (all listed cos). So what’s the fwd PE of a market where earnings are “growing” at an annualised rate of 20-30%?

Ministry ups headline inflation forecast: The continuing rise in energy prices which have raised production costs for manufacturers and the prices of goods has prompted the Commerce Ministry to upgrade the forecast for headline inflation in 2022 to a range of 5.5-6.5% (averaging 6%) from the 4-5% range (averaging 4.5%) projected in March. Bangkok Post […]

It’s going to a funny week, we have: The last week of earnings season A shortened week due to ANOTHER friggin’ public holiday in Thailand The Bank of Thailand meets and I hope raises rates (I want to see a +200 bps, though I’m expected 50-70bps) Then the US Fed meets to wiggle their figures […]