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  • Tom 9:32 pm on November 29, 2009 Permalink
    Tags: , , , Dubai economic, , , gold price, , , , OPEC, , payments, Petroleum, Strong Thailand scheme, , , , , , world stock market,   

    Dubai economic collapse has little impact on Thailand economy 

    The Business Bay Executive Towers in Dubai Metropolis

    The Business Bay Executive Towers in Dubai Metropolis: Flickr.com

    Dubai economic fallout would not affect trading between Thailand and Dubai, according to the Director of the Center for Economic and Business Forecasting (CEBF) of the University of the Thai Chamber of Commerce, Mr. Thanavath Phonvichai.

    Mr Thanavath stated that the case of the Dubai World, the main investment company in Dubai,which requested the rescheduling of payments of US$59 billion (2.1 trillion baht) in debts last Friday had to be closely monitored during these two weeks although a clear process had been announced by Dubai government. However, he also said that the situation would depend on the central government of United Arab Emirates (UAE), adding the rescheduling of debt payment could affect the world stock market and gold price worldwide. Additionally, he believed that a clearer operation would bring back a normal situation in Dubai and global countries. (More …)

  • Tom 7:19 pm on November 29, 2009 Permalink
    Tags: , , CEO, , , , , , , , , Kasikorn Bank, legal, , , scheme, Strong Thailand, Strong Thailand scheme, , Thai exports, Thai Parliament,   

    Economy to improve next year 

    The economy next year will be improving but will yield no benefits to the infrastructure development of the country if the management of the government remains poor, according to Kasikorn Bank CEO, Bantoon Lamsam.

    Mr Bantoon believed that the national economy next year would improve, particularly the Thai exports sector, while financial institutions remain stable and can move forward with the economic revival.

    The CEO however admitted that the national infrastructure management in educational, legal, and communication aspects had not received enough attention from the public sector. He deemed that the Strong Thailand scheme of the government was only a temporary solution for short-term economic stimulation, and there had been no projects for infrastructure development. (More …)

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