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Thailand: Firms report better purchasing power

Although private investment remains relatively low, the private sector has seen clearer signs of improving purchasing power this month. Sanan Angubolkul, vice-president of the Thai Board of Trade, said yesterday the latest economic data from the Thai Chamber of Commerce showed a spending recovery in all regions since early June, boosted by rebounding farm products, […]

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Thailand: Prasarn joins chorus urging bubble caution

Former Bank of Thailand governor Prasarn Trairatvorakul has flashed a warning that cooperatives and an unbalanced property sector will be the sources that trigger a new financial crisis if regulators fail to tighten rules and regulations in a pre-emptive move to keep problems from spiralling out of control. A large number of thrift and credit […]

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