Thailand is currently the 17th largest global manufacturer. It is the second largest producer of light pick-up trucks as part of it's #14 ranking in auto production. In other areas of manufacturing it ranks #2 in production of hard disk drives and occups the top spot globally in the production of natural and synthetic rubber.
Recap: Persistent offshore fund inflows overshadowed political tensions and helped the Thai stock market gain. Elsewhere, the US Federal Reserve confirmed another $10-billion reduction in its stimulus asset purchases but suggested an interest-rate increase was still far off.
However, political factors are expected to weigh on the SET in coming weeks with the Constitutional Court and the National Anti-Corruption Commission (NACC) preparing to rule in legal cases that could force caretaker prime minister Yingluck Shinawatra and her cabinet to step down.
Bangkok is ranked 61st place in the list of the world’s priciest cities in 2014, according to the Economist Intelligence Unit’s latest Worldwide Cost of Living survey.
Coming on top of the list of 131 global cities surveyed in the bi-annual report is Singapore. It has dethroned last year’s champion, Tokyo, to become the world’s most expensive city in 2014. The cheapest city on the 131-city list on the survey is Mumbai, India.
The state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) is poised to request a 186-billion-baht budget from the new administration for the 2015 fiscal year to compensate for losses incurred from all populist policies of previous governments, its chief says.
Of the total, 150 billion baht will be used to repay the Yingluck Shinawatra administration's rice-pledging scheme, 30 billion is for the Abhisit Vejjajiva government's farmer income guarantee scheme and the remainder is for other populist projects including the debt suspension for farmers initiated by ousted premier Thaksin Shinawatra.