Smell of trouble: Bangkok busts 7 Vietnamese for selling cannabis

[webfact]

Thai bond market active despite reactions to negative economic news

BANGKOK, Dec 21 – Thailand’s bond market remained active through 2010 although it fluctuated due to negative economic news, according to Kasikorn Research Center.

The market volatility stemmed from news of the debt crisis facing some European countries and continuing foreign capital inflows into Asian countries including Thailand.

The capital influx into Thailand’s capital market might continue through next year, but the net buy of Thai debt instruments by foreign investors may be smaller than in 2010 because the economic risk factors are more complicated.

It resulted in capital movements and adjustments in the domestic and overseas financial markets, depending on the news, information access and investor perspectives in a particular period.

The Thai economic think tank conceded that Thailand can do little to control external risk factors. Because of this, Thailand’s bond market is forecast to fluctuate more heavily next year, but given the domestic economic factors, Thailand still has room for growth, but at a slower pace in 2011.

With the sound economic fundamental, KRC believed Thailand’s bond market conditions next year would contribute to capital mobilization by both private and public sectors.

Yields generated in the bond market are expected to be on the rise next year due to the gradual increase in the policy interest rate by the Thai regulator to manage economic stability and inflation. (MCOT online news)

-- TNA 2010-12-21