ITD, CK, STEC, UNIQ, TRC and PLE sent documents for Hua-Hin and Prachuab dual-track projects worth Bt7.3bn. The e-auction will be held on 27 July 2017. (Khao Sod, 7/7/2017)
Progress on Thai high-speed trains today. Rayong high-speed lines to connect Don Mueang, Suvarnabhumi, and Utapao airports worth Bt200bn. The auction will be held on November 2017. Thai-Chinese high-speed lines worth Bt179bn will be proposed to cabinet today. (Khao Sod, 7/7/2017)
74.2% of budget for fiscal 2017 dished out. State agencies doled out 74.2% of the budget for fiscal 2017 during the nine months to June, adding to signs that the disbursement target of 87% of the 2.73-trillion-baht budget will be achieved. (Bangkok Post, 12/7/17)
Major commerce players join bidding for space in Don Mueang airport. King Power, The Mall, Central Retail, and MINT joined the bidding for commercial area business in Don Mueang Airport. The result will be announced on this 20 July. ( IQ Biz , 12/7/17)
Energy Regulatory Commission added Bt0.087/unit to Ft, resulting in Bt3.60/unit for household use. This is due to higher LNG prices. (Thai Post, 13/7/2017)
Wider land, building tax base mulled. Few homes affected by B50m exemption. A cut in the proposed land and buildings tax exemption threshold from 50-million-baht for main homes is on the cards to expand the taxpayer base, says Deputy Finance Minister Wisudhi Srisuphan. (Bangkok Post, 14/7/
Fed’s Yellen says rate and portfolio plans on track, cautions on inflation — The U.S. economy is healthy enough for the Fed to raise rates and begin winding down its massive bond portfolio, though low inflation and a low neutral rate may leave the central bank with diminished leeway, Fed Chair Janet Yellen said on Wednesday. (Reuters, 13/7/2017)
U.S. crude stockpiles drop the most since September: EIA — U.S. crude oil inventories last week dropped the most in ten months, falling more than expected as imports declined and refining rates rose, while gasoline stocks decreased although demand remained lackluster, the Energy Information Administration said on Wednesday. Crude inventories fell 7.6 million barrels in the week to July 7, compared with analysts’ expectations for a decrease of 2.9 million barrels. (Reuters, 13/7/2017)
Fed’s Yellen doesn’t believe Trump’s ‘MAGAnomics’ will be enough to get economic growth to 3%. The Trump administration’s goal to shortly achieve 3 percent GDP would be “challenging,” Federal Reserve Chair Janet Yellen warned Congress on Thursday. Yellen, speaking with the Senate Banking Committee, said that’s because productivity growth is very difficult to move. (Reuters, 14/7/2017)
Chinese June inflation year-over-year data matches expectations: CPI up 1.5%, PPI up 5.5%. China’s Consumer Price Index rose 1.5 percent year-on-year in June. The Producer Price Index, meanwhile, rose 5.5 percent against the same time last year. (CNBC, 7/7/2017)
