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  • Shayne Heffernan: Looking at Thailand for 2010 and Beyond [View article]
    Bangkok Post

    The outlook for Thailand's economy is optimistic this year thanks to an upward trend in agricultural commodity prices, says agro-industrialist Dhanin Chearavanont. But politics remains a major concern, said the chairman of Charoen Pokphand Group, Thailand's largest agricultural conglomerate.

    Prices of the country's main export farm products such as rice, rubber and tapioca would likely climb this year, adding money to farmers' pockets and increasing their spending power, said Mr Dhanin, speaking after the signing of a memorandum of understanding between CP Group's subsidiary TrueVisions and privately-owned Phoenix Satellite Television Holdings from China on Monday.

    Thai rice exports will benefit from lower output in some countries such as China and India, which have been hit by droughts. Rubber prices are also increasing in line with oil prices, he said. "Given that cassava roots have reached two baht a kilogramme right now, fragrant paddy could be as high as 50 baht (per kilogramme),'' said Mr Dhanin. The Bank of Thailand and several financial institutions forecast that the gross domestic product would grow between 3% and 4% in 2010 as opposed to a contraction of about 3% last year.

    Mr Dhanin said he hoped Thai politics would stabilise so the country could fully benefit from the rural sector's rising purchasing power. An improved political environment would also restore foreign investors' confidence. Mr Dhanin said the zero tariff scheme under the Asean Free Trade Area (Afta), which took effect on Jan 1, would attract more foreign investors to Thailand. When compared to other Asean nations, Thailand's business environment is more favourable. The free trade pact between Asean and China took effect on Jan 1 as well.

    The agreement would be a huge opportunity for Thailand, thanks to China's 1.3-billion-people market, he said. Southeast Asian nations had cut their import tariffs gradually since the early 1990s and reached the ultimate goal of zero on Jan 1 this year. As the chief of a leading food exporter, Mr Dhanin said the zero duty on agricultural products under the Afta would benefit the country as a whole in the long run because 95% of products are not taxed.

    In the short term, some products would be hit by the free trade pact. The government, therefore, should provide the victims with a remedy package, said Mr Dhanin. Commenting on the suspension of industrial projects in Map Ta Phut in Rayong province -- which could threaten the country's long-term economic growth -- Mr Dhanin said the government should let projects that can reduce their impact on the environment and public health to proceed.
    Jan 11, 2010. 11:04 AM | Likes Like |Link to Comment
  • Shayne Heffernan on the trends of 2010 [View instapost]
    Thanl You
    Jan 11, 2010. 03:50 AM | Likes Like |Link to Comment
  • Shayne Heffernan: Looking at Thailand for 2010 and Beyond [View article]
    The total value of investment applications filed with the Board of Investment this year was more than 514 billion baht, BoI secretary-general Atchaka Sibunruang Brimble said on Monday.

    Mrs Atchaka said the 1,193 investment applications were worth a total of 514.59 billion baht, higher than the projection made in the beginning of the year of 114.59 billion baht.

    She said 129,453 new jobs were created.

    The BoI received most investment applications in September and October, while there were 264 applications worth a total value of 181.19 billion baht from Nov 1 and Dec 21.

    Most investors were interested in service industries, public utilities, electronics, electrical applicances, metal, machinery, transport equipment and agriculture.
    Dec 28, 2009. 05:25 AM | 1 Like Like |Link to Comment
  • Shayne Heffernan: Looking at Thailand for 2010 and Beyond [View article]
    Tourism, while important is not the main driving force of the economy, in fact over the last few years it has become less important.

    Southern Thailand is one of the most spectacular locations on Earth, and the ongoing Islamic troubles have hampered all growth in that region, once that issue has been dealt with the area will see fast growth.

    While I do not think Thailand is the perfect desination for investment, I do see it as an improving destination, I hope that the Govt. can build legislation and programs to aid in the development of the nation.
    Dec 25, 2009. 06:30 AM | 2 Likes Like |Link to Comment
  • Betting Big on Small Cap China [View article]
    Super Article
    Nov 24, 2009. 11:33 AM | Likes Like |Link to Comment
  • Many Life Science/Healthcare Stocks Share Delisting Issues [View instapost]
    Some Good companies in that list of 51 stocks, I already own 2 of them HYTM and PPHM, I will have a look at some of the others if I get time, great article.
    Oct 10, 2009. 01:44 PM | 1 Like Like |Link to Comment
  • The First 200 Days of Obamanomics Have Been an Economic Success [View article]
    Yes and all in only 200 days, given 4 years it will be a new USA.

    A socialists state with a worthless dollar and mountains of debt.
    Aug 7, 2009. 09:54 AM | 21 Likes Like |Link to Comment
  • YOU OWN THIS COMPANY [View instapost]
    Losing $162m a day, The stupidity of this administration is astounding! If they can not fix Fannie May, what chance does the USA Economy have?
    Aug 7, 2009. 03:13 AM | 3 Likes Like |Link to Comment
  • The Dollar's Continued Decline: Unintended Consequences [View article]
    Amazed so many people miss this valuable point. I do not live in or spend USD, so right now a market rally for me minus the drop in the USD many times means little.

    On Aug 06 11:06 AM Living4Dividends wrote:

    > "Every time the dollar declines 1% we see about a 1% increase in
    > equities which means there is no real gain in stocks as Americans'
    > buying power was simply reduced. The reason for the dollars descent,
    > which has been years in the making I might add, is because of our
    > loose monetary policy. "
    > I agree. I also agree with Archman, Hangdog & Micheal Clark's
    > points. Yes, the dollar is fundamentally weak. Yes, it probably will
    > continue to slide over the next decade. No, it is not good to be
    > long dollars.
    > Here is the caveat: Many of the other countries are busily trashing
    > their own currencies as well. It is a global race to see who will
    > trash their currencies first. The dollar's weakness does not mean
    > that the other currencies are any safer.
    Aug 6, 2009. 11:10 AM | 1 Like Like |Link to Comment
  • Expecting Another Fun-Filled Friday Jobs Report [View article]
    Numbers mean little from this administration
    Aug 6, 2009. 11:07 AM | 8 Likes Like |Link to Comment
  • Buffett's Betrayal [View article]
    Buffett delivered the best result to his shareholders as always. He did not grant the bailouts or set the policy. As a BRK.A shareholder, I say well done!
    Aug 6, 2009. 08:39 AM | 6 Likes Like |Link to Comment
  • Outlook for Cisco: Mostly Cloudy [View article]
    We use Amazons Cloud, Cloud computing will be a growth area.
    Aug 6, 2009. 03:27 AM | Likes Like |Link to Comment
  • The Obama administration says aid to auto-industry states - mainly Michigan, Ohio and Indiana - will intensify in the next six to nine months. At 15.2%, Michigan still has the nation's worst unemployment rate.  [View news story]
    Administration is now bailing out those it just bailed out. I assume this is an admission the Cash-for-clunkers clunked.
    Aug 5, 2009. 01:38 PM | 2 Likes Like |Link to Comment
  • Goldman Sachs (GS +0.6%) faces two 'major' competitive threats, analyst Dick Bove says in a note this morning. One is the rise of powerful investment banking firms in China. The other is the ability to trade freely in the U.S.  [View news story]
    Reactionary legislation may impact many US firms in the next year, taxes may well be the 3rd reason GS has problems.
    Aug 5, 2009. 12:07 PM | 3 Likes Like |Link to Comment
  •'s IPO Likely to Hit Markets in Q4 [View article]
    Nice business, best of luck with IPO
    Aug 5, 2009. 11:53 AM | 1 Like Like |Link to Comment