Banks generated profit growth….look at the last 6 months performance of thai bank stocks, you may be pleasantly surprised. Financial repression (h/t to clever scottish fellow) works well for Thai Banking performance.

Casino update – have a look at this Bangkok Post – Cabinet approves Port Authority revamp – does this mean that Port Authority can create subs to do entertainment complexes on their massive plot of land? I suspect so.

And what’s happening now? Easy Receipt is working (I bought something, and I hate being a consumer, but it’s better than paying taxes) – next is the Phase 2 of helicopter money to old folks in Thailand, that’s THB 30 bn … where will this $ go?