ECONOMY
Firms under pressure: liquidity shortage looms
By The Nation
Published on October 31, 2008
Many Thai businesses anticipate liquidity shortages in the fourth quarter from sluggish economic growth following declines in consumer confidence and the uncertain political situation.
This was the finding of a new survey by the University of the Thai Chamber of Commerce.
The Nation: Thailand's top English news website
“It is the problem of the leftwing: they clean up the vomit after the cocaine party of the neocons, who go into rehab and then come back to reap the benefits,” --
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THAI BAHT: The Thai baht extended its fall against the dollar over the past week of heavy trading in line with regional currencies and there were no positive factors to boost the Thai unit, dealers said.
The Thai baht closed Friday at 35.14-16 baht to one dollar compared to the previous week's close of 35.01-02.
Asian currencies mixed against dollar | ABS-CBN News Online Beta
ECONOMIC RECOVERY & COMPETITIVENESS
Baht value faces scrutiny
Published: 14/02/2009 at 12:00 AMNewspaper section: Business Cabinet ministers on Wednesday will consider whether current exchange rates are affecting Thailand's export competitiveness.
However, Finance Minister Korn Chatikavanij played down any conflicts or interference with the Bank of Thailand's handling of exchange-rate policy.
"We are not intending to reduce the governance of the central bank over exchange rates, but only to assess what impact rates are having on the export sector," he said yesterday.
The baht, which slipped yesterday to 35.12/16 from 35.02/09, has remained relatively stable this year even as other regional currencies have weakened.
The central bank has stated that its policy was to smooth volatility in the market, rather than intervene to try to push rates in any one direction.
But some business groups have argued for more forceful intervention in the markets to help boost the flagging export sector, which has dipped sharply in recent months due to the global economic crisis.
Meanwhile, Mr Korn welcomed comments by central bank governor Tarisa Watanagase that regulators could permit greater foreign participation in the Thai banking sector.
"I agree in principle. We opened up the banking sector to greater foreign shareholdings during the [1997] crisis, and it has helped lead to greater competition and efficiency today," he said.
Dr Tarisa told Bloomberg News in an interview that Thailand would ease restrictions on foreign ownership of local banks and may offer new banking licenses to attract overseas investment.
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Locally reared shrimps and locally grown rice shouldn't be affected by the baht/dollar exchange rate, or should they?
I believe that many shrimp farms use pre-mix or other kinds of nutrition products to optimise growth, and the raw ingredients are, in the main, imported. Sure, the ingredients may not come from the US, but many imports are priced in USD. The rice farmers who don't make use of chemical fertilisers and pesticides won't be affected, but I suspect that isn't too many.
As an earlier poster said, the world is interconnected, and the dollar/baht cross rates greatly affect the prices of goods.
Ignorance, however, is bliss, and those who believe the USD has no effect on their life can simply carry on without caring about it.
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In the sentence "It's one of those things that happen", the antecedent of that which is the subject is not one and so the primacy of one doesn't dictate using the verb 'happens'. Is that explanation correct?
Devaluation is a usual thing in such situations. It happens worldwide.
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Originally Posted by Saint Michael
You can just install UK (English) layout through regional and language options and you'll get the pound sign where it usually is. I generally install 3 input languages, US English, UK English and Thai and use the grave accent to switch between them. I think if I can remember correctly, the pound is where the @ sign is and the @ sign is where the " key is. It might be key 3 though, play around with it.
Reason that the keyboards here are US and Thai is probably down to the US being a bigger market than the UK.
hehehehehehe
The worst job in Thailand must be the man who has to sit down with a blue marker pen and mark a number two on the two-baht coins to stop people thinking they are one-baht coins.
1.00 GBP
=
52.5233 THB
It was 48 baht about four or five years ago, seems stable. They've got lots of rice you know. Their PM hasn't sold off all their gold too, which helps.
The baht is stable and will remain so.
It's not going very far in any direction for the foreseeable future.
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