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Thailand Live Wednesday 13 Nov 2013


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MARKETS
Mounting pressures on Thai shares and baht
The Nation

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A Thai anti-government protester blows a horn during a rally at Democracy Monument. (EPA Photo)

The Stock Exchange of Thailand and Thai baht weakened Wednesday, buffeted by factors at home and overseas.

BANGKOK: -- The SET index lost 8.31 points today or 0.59 per cent to 1,404.77, on very thin turnover of Bt28.8 billion.

The baht also weakened against US dollar, to 31.60-62, in line with declines in regional currencies.

Prolonged protests are cited as a reason for foreign sell-off in Thai shares and bonds. Another key reason is the anticipation for a remark from the US when the tapering will start.

On Thursday, new Federal Reserve chairwoman Janet Yellen will appear before US senators to defend her nomination as Fed policymakers debate whether the stimulus policy known as quantitative easing is still needed to shore up the world's largest economy.

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-- The Nation 2013-11-13

Posted

More baht can be carried out of Kingdom

Thailand has increased the amount of Thai baht notes which can be carried out to Vietnam, China and other neighbouring countries.

Under the Finance Ministry’s regulation dated November 6, 2013, the amount will be raised from Bt500,000 to Bt2 million.

The Thai authorities are in big push to promote baht-denominated transactions along the borders

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-- The Nation 2013-11-13

Posted

Patong Police chief told to clear parking spaces for tourists – or be transferred
Phuket Gazette -

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Patong Police Superintendent Chiraphat Pochanaphan remains confident the problem of tuk-tuks and taxis dominating the parking spaces along the Patong beach road will be resolved by New Year. Photo: Gazette file

Full Story: http://www.thaivisa.com/forum/topic/681504-patong-police-chief-told-to-clear-parking-spaces-for-tourists-or-be-transferred/

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RT@RichardBarrow: Suthep has asked everyone who loves Thailand to come to the rally site on Ratchadamnoen on Friday at 6pm for an important speech #Bangkok

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