Thaicom urges govt to weigh impact of extra fees – THE GOVERNMENT should consider the impact on Thaicom if it slaps additional conditions or more regulatory fees on two of the company’s satellites, chief executive officer Paiboon Panuwattanawong said in a statement released yesterday. (The Nation, 22/6/16)
Thai airlines spared from EASA blacklist – Thai-registered airlines have avoided being put on the list of airlines with sub-standard safety practices in the latest audit by the European Aviation Safety Agency (EASA), Transport Minister Arkhom Termpittayapaisith said yesterday. (Bangkok Post, 22/6/16)
Preserving policy space for risks — The Bank of Thailand’s Monetary Policy Committee (MPC) held off yesterday on monetary easing as widely expected, citing the expected trajectories for economic growth recovery and rising inflation as grounds for its decision. (Bangkok Post,23/6/16)
Long rainy season to precede big storms — After suffering one year of severe drought from El Nino, Thailand is now bracing itself for La Nina, another weather phenomenon that is expected to bring excessive rainfall. (Bangkok Post, 24/6/16)
Rice exports to get a boost in the second half of this year — THE COMMERCE Ministry expects rice exports to increase in the latter half of this year and meet this year’s target of 9.5 million tonnes, amid constant demand for the staple. (The Nation, 24/6/16)
Kuroda admits BOJ failed to meet two-year timeframe for price goal – Bank of Japan Governor Haruhiko Kuroda acknowledged for the first time that the central bank failed to hit its inflation target in the two-year timeframe set in 2013, underscoring the challenges of eradicating the country’s sticky deflationary mindset. He also said responding to deflationary pressures and firmly stabilizing inflation expectations at desired levels has become an “unprecedentedly difficult challenge” not just for the BOJ but many other central banks. (Reuters, 20/6/16)
Fed cautious on rates due to Brexit, U.S. hiring slowdown: Yellen – The Federal Reserve’s ability to raise interest rates this year may hinge on a rebound in hiring that would convince policymakers the U.S. economy is not faltering, Fed Chair Janet Yellen told lawmakers on Tesday. In testimony before Congress that expressed general optimism about the economy and played down the risk of a recession, Yellen nevertheless said the Fed will be cautious about interest rate increases until it is clear the job market is holding up. (Reuters, 22/6/16)
Fed’s Powell: Brexit vote could bring ‘significant volatility’ in markets — Federal Reserve Governor Jay Powell told CNBC on Wednesday the referendum on whether the U.K. should leave the European Union may make for dicey trading in financial markets. “The markets have been responsive to changes in the polls, clearly, so the vote could certainly bring on significant volatility,” Powell told “Squawk Box” a day before the referendum. (CNBC, 22/6/16)
Euro Declines After Draghi Repeats Further Stimulus Is Possible – The euro dropped the most in a week against the dollar after European Central Bank President Mario Draghi reiterated his willingness to act to bolster inflation. Inflation dynamics in the euro area remain “rather subdued” even as the economic recovery “gained momentum at the start of the year,” Draghi said at European Parliament hearing in Brussels. He also said a new set of targeted loans for European banks are in the pipeline as announced previously, a measure aimed at encouraging banks to provide more credit to companies and households. (Bloomberg, 22/6/16)
Euro Declines After Draghi Repeats Further Stimulus Is Possible – The euro dropped the most in a week against the dollar after European Central Bank President Mario Draghi reiterated his willingness to act to bolster inflation. Inflation dynamics in the euro area remain “rather subdued” even as the economic recovery “gained momentum at the start of the year,” Draghi said at European Parliament hearing in Brussels. He also said a new set of targeted loans for European banks are in the pipeline as announced previously, a measure aimed at encouraging banks to provide more credit to companies and households. (Bloomberg, 22/6/16)
New US home sales totaled 551,000 in May vs. 560,000 sales expected — New U.S. singlefamily home sales fell in May from a more than eight-year high amid weakness in three regions, but the overall housing market remains intact. The Commerce Department said on Thursday new home sales dropped 6.0 percent to a seasonally adjusted annual rate of 551,000 units. April’s sales pace was revised down to 586,000 units, still the highest since February 2008, from the previously reported 619,000 units. (CNBC, 23/6/16)
I wonder what legal justification this govt has to hike Thcom’s fees 400%. Given they are the only satellite provider it does seems like they are singling them out.
Maybe this is posturing and ultimately the 2 parties come to a middle ground between the 2 fee structures.
Xavi
I wonder what legal justification this govt has to hike Thcom’s fees 400%. Given they are the only satellite provider it does seems like they are singling them out.
Maybe this is posturing and ultimately the 2 parties come to a middle ground between the 2 fee structures.