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Nod for Bt631bn EEC, water projects. The cabinet yesterday approved a budget of Bt631 billion to develop five infrastructure projects on the Eastern Economic Corridor (EEC), and seven water management projects. (The Nation, 31/10/18)
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EEC Office assigned B100bn yearly target. The Eastern Economic Corridor (EEC) Office has been told that its key performance indicator (KPI) is to attract Bt100bn in investment applications per year for Scurve industries, says Industry Minister Uttama Savanayana. (Bangkok Post, 01/11/18)
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Reading of draft land bill this month. The long-awaited draft bill on the land and buildings tax is expected to head to the National Legislative Assembly (NLA) for a second reading in mid-November, with the new property tax scheduled to take effect in January 2020. (Bangkok Post, 01/11/18)
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Food, oil prices drive inflation at 1.23% in October. October inflation was 1.23%YoY on food and oil prices and inflation in the first 10 months of 2018 was 1.15% on food, beverage and energy prices, according to the Commerce Ministry. (Bangkok Post, 01/11/18)
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US cuts GSP on 11 Thai products. The United States has cut the Generalized System of Preferences (GSP) granted to 11 types of Thai products, in response to their export volumes exceeding the limited value or their market share in the country, The Thai Ministry of Commerce said yesterday. (The Nation, 02/11/18)
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Merkel quitting as CDU leader. Angela Merkel set off Monday on what could be a three-year countdown to the end of her leadership of Germany, a stint that has made her the European Union’s longest-serving leader and a key figure in facing the continent’s many crises. (Bangkok Post, 30/10/18)
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China’s industrial profits growth slows for fifth month as orders wane. Profit growth at China’s industrial firms slowed for the fifth consecutive month in September as sales of raw materials and manufactured goods further ebbed, pointing to cooling domestic demand in the world’s second-biggest economy. (Reuters, 27/10/18)
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Malaysia prepares austerity budget amid strains on fiscal deficit. Malaysia’s new government is set to deliver an austerity flavored first budget on Friday, having unearthed more debt left behind by the previous administration, and needing extra revenue after ditching an unpopular consumption tax. (Reuters, 31/10/18)
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Britain says no date set for end of Brexit talks after Raab hints at November deal. Britain on Wednesday said there was no set date for Brexit talks to finish, backtracking from a letter by Brexit secretary Dominic Raab that suggested a deal on the terms of its departure from the European Union could be finalised by November 21. (Reuters, 31/11/18)
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Trump says he and China’s Xi had ‘long and very good’ trade conversation. President Donald Trump says he talked to Chinese President Xi Jinping about trade amid tensions between the world’s two largest economies. Trump says the conversation was productive, but he did not provide any details about progress. The White House is considering whether to levy tariffs on an additional $267 billion in Chinese goods. (CNBC, 01/11/18)
Xavi
Pon, latest NuSa disclosure, resold their WEH shares back to DD Mart at 681 baht, above the original 550 purchase price. Don’t really understand the premium given DD Mart were only obligated to buy back at cost plus interest and Nusa seems pretty desperate for the cash.
JUst shy of a billion net profit for WEH in last fiscal year, not too shabby given only 3 of 8 wind farms are up at the moment,
Xavi
Ok the difference is actually 3 years of accumulated interest according to the revised disclosure, that’s a pretty high interest rate.
Pon
Don’t forget DD MART = Pradej, who also used to be a shareholder in Nusa. He’s “participating” in stock price performance..
Pon
amazing #’s, saw it as well mid-week. If it wasn’t for this shareholder stupidity, it would be one of the highest valued renewable co’s in the region.