Thailand News: Thai Baht Outlook
Bank of Thailand: Baht has slight upward bias
The Thai Baht could strengthen slightly against the USD, with offshore investment by local companies and a potential rise in imports likely to cancel out capital inflows spurred by easy US monetary policy, Deputy Gov. Pongpen Ruengvirayudh said Saturday.
So far this year, $10-B in offshore funds invested in Thai bonds, 50% of the $20-B invested in Malaysian bonds, Ms. Pongpen said. Offshore investment in Thai equities is worth around $2-B so far this year, she said.
The value of outbound investment by Thai companies for the Jan-Sept period has exceeded that of 2011, she said.
“Fund inflows could continue, but capital outflows will help counter it at a certain level,” she told reporters at a press briefing.
The central bank will allow the baht to move in line with the money market mechanism, she said.
Economist and Hedge Fund Manager Shayne Heffernan said today in Bangkok that the Thai Economy is set to become one of the regions fastest growing in ASEAN, long term the Baht should contibue to strengthen.
US government policy will, inadvertently, see stronger capital inflow in to Thailand.
Inflows to Thailand after the 3rd round of Quantitative Easing by the US Federal Reserve has decreased from the previous 2 rounds, but should pick up in the new year, he said.
Higher investment returns in Latin America and Eastern Europe have drawn most of the capital flows, she said.
Related Articles
Thailand News: Thai Baht Extends Gains on Overall Growth Outlook
January 2nd, 2013
Thailand: Thai Baht on Target for 28.50
January 20th, 2013
Thai Baht Outlook, Charts, Technicals
November 28th, 2012
Thailand PM urged to prevent rise of the Thai Baht
September 10th, 2010
Thai Baht to Remain Strong
April 12th, 2011
Thailand Market Strong, Thai Baht Hits High
August 26th, 2010
More News
Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Shayne Heffernan Ph.D.
Economist/Hedge Fund Manager
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals. He is also an active consultant working with Corporations around the World.
He is recognized as one of the leading Economists in South East Asia, as well as the preeminent authority on ASEAN. His opinions and forecasts are widely read by decision makers in the region and Internationally.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reached a peak of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.
Member
Chinese Society of Economists
American Economic Society
1 of 6
USD/ZAR South African Rand Outlook
Shayne Heffernan takes a look at the USD/ZAR
USD/ZAR closed above the upper band by 10.6%. Although prices have broken the upper band and an upside breakout is possible, the most likely scenario is for the current …
CommentaryInvestor Services
Best Hedge Funds 2013
Working with some of the World’s largest financial institutions HCM’s goal is to provide portfolio returns that exceed the S&P 500 Index benchmark while …
UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
HeffCap Global Dividend Focused CFD Fund, great protection in the current economic environment
There are a few ways to beat Uncle …
The Hot List
Enviro-Serv Inc (OTCMKTS:EVSV), Medical Marijuana Inc (OTCMKTS:MJNA)
Enviro-Serv Inc (OTCMKTS:EVSV)
EVSV had a stellar dy yesterday, ut it looks like it is just the begining of big things, good …
shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
706 
72 
Guest: gsat get it now. if u snooze u lose
Fri, 04/19/13 | 0 Comment
1122
109
