Usara Wilaipich News
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Thailand’s inflation slowed in January as a stronger baht made imports cheaper and state subsidies countered higher costs of food and fuel, giving the central bank scope to cut interest rates further.
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Thailand’s central bank raised its growth forecast for this year, citing rising exports, domestic consumption and investment.
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Thailand’s economy shrank more than economists estimated as the worst floods in almost 70 years disrupted output by manufacturers from Western Digital Corp. to Honda Motor Co., putting pressure on policy makers to aid growth.
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A Thai court ruled that most of the 76 industrial projects halted last year because of pollution and licensing concerns can be restarted, a decision that may resolve uncertainties about the nation’s investment regulations.
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Thailand’s economy may shrink 3.7 percent this quarter following the worst flooding in almost 70 years, the government said, adding to the case for an interest- rate cut as early as next week.
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Thailand’s Finance Ministry raised its 2010 economic growth forecast for the second time in three months as soaring exports overshadowed the impact from the nation’s recent deadly political unrest.
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A Thai court will decide today whether 76 industrial projects halted last year because of pollution and licensing concerns can restart, a ruling that may resolve uncertainties over the nation’s investment regulations.
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Yingluck Shinawatra, set to become Thailand’s first female prime minister, announced the formation of a five-party coalition to broaden the mandate she won in elections and head off concerns that violence might erupt over the fate of her exiled brother, ex-premier Thaksin Shinawatra.
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Japanese exports dropped more than forecast in October, Singapore said its growth may slow to 1 percent next year and China signaled the global economy faces an extended slide.
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Thailand’s central bank lowered its growth forecasts as floods began overwhelming the capital of Southeast Asia’s second-largest economy, raising the odds of an interest-rate cut in the coming months.
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