BYD set to pursue state EV incentives: BYD is expected to be the latest Chinese automaker to take up the government’s electric vehicle (EV) incentives when its sole distributor Rever Automotive Co signs an agreement with the Excise Department later this month for a tax reduction and subsidy that make the firm’s “new energy vehicles” […]

Sooooo all eyes are again on the Fed for the Sept 20-21 meeting, and you know what they’ll do? Increase rates….so what move on…unless there is a huge surprise somewhere the outlook for the next 6-12 months is pretty much known. Big boys (basically all listed co’s) are doing well, the smaller private co’s aren’t…I […]

Arkhom pushes insurance variants: Minister wants policies to cover damage to the environment and state infrastructure. The Office of the Insurance Commission should consider approving insurance that covers environmental damage and damage to state infrastructure, says Finance Minister Arkhom Termpittayapaisith. Bangkok Post Govt relief schemes ‘inject B5.73bn’: Over 20 million people have taken part in […]

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 […]