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 Bank & Finance
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04 Jan 07 19:54
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Bangkok Bank sees 4-5% economic rise this year
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TNA
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BANGKOK, Jan 5 - Thailand's economy will grow 4-5 per cent this year and stabilise soon unless there is a repetition of this week's bombings in the capital, according to the Bangkok Bank's Macro-Economic Analysis Centre.
Analysing impacts of the New Year's Eve bombings in Bangkok, the centre said it is confident the government would manage to bring the situation under control and restore confidence soon.
So, it maintains its projection for an economy expanding at 4-5 per cent although the...
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User comments
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By: anmari
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08 Jan 07 16:44 EST
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What a complete hog wash.
If the above was to be true, then why has the Federation of Thai Capital Market Organisations meet with the Stock Exchange of Thailand to discuss the impact of the Bank of Thailand's stringent anti-speculation action.
It asked the authorities to scrap the measure to save the Thai capital market, which has been in the doldrums since December 19.
The SET excuse for low leverls of trading has been that it is due to foreigh investors been away on holiday..which highlights the point if the Thai stock exchnage is so easily effected by foreigh investros been on holiday then one would summise that the SET needs foreign investors as there are simply not enough home grown ones to keep its liquidity and funds for Thai companies to raise. Ergo why introduce such a hap handed tactic as pushing away investors.
NO the Thai economy will not grow this year...maybe 1 % and it will be telling becuase the Thai people will then decide its time for another more modern government that is truly elected by the people of Thailand for future growth and prosperity.
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