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BOT's DOUBLE-BARRELLED AIM is poor if it wants to spur growth
May 1, 2015 1:00 am

BOT's DOUBLE-BARRELLED AIM is poor if it wants to spur growth

The Bank of Thailand yesterday sprang a surprise by bringing down its benchmark interest rate from 1.75 to 1.5 per cent. It was a second time in a short period that its Monetary Policy Committee has cut the rate to stimulate economic growth.

Beijing preparing for role in global finance by end of the year
April 24, 2015 1:00 am

Beijing preparing for role in global finance by end of the year

It will be an interesting time this October when China reveals its trump card. And when it does so, it might lead to a wake-up call for the global financial markets.

US allies defect as new world order tips towards China
March 20, 2015 1:00 am

US allies defect as new world order tips towards China

Washington is losing its clout. Its allies in Europe - the UK, Germany, France and Italy - have applied to become members of the China-led Asia Infrastructure Investment Bank (AIIB), defying US calls for them to exercise caution. The institution is...

Apple Inc's sheen lights the way for Thailand
March 13, 2015 1:00 am

Apple Inc's sheen lights the way for Thailand

The Bank of Thailand on Wednesday sprang a surprise by cutting its rate by 25 basis points to 1.75 per cent. In doing so it joined more than 20 central banks worldwide in recent rate cuts aimed at spurring growth. But a consequence of this monetary...

Greece has nothing to lose by heading for the exit
February 6, 2015 1:00 am

Greece has nothing to lose by heading for the exit

Greece is paying a heavy price for handing over its money-printing press to the European Central Bank. Yesterday, the ECB announced it would not accept Greek government bonds as collateral on short-term loans to the country's banks. The measure...

The Ugly American is alive and kicking
January 30, 2015 1:00 am

The Ugly American is alive and kicking

Many Thais have reacted with fury to what is being widely seen as a case of the US meddling in Thai politics. The incident brings to mind "The Ugly American", a film made more than 50 years ago during the cold war. It portrayed...

West speeding towards point of no return with Russia
January 23, 2015 1:00 am

West speeding towards point of no return with Russia

Along with ISIS, President Barack Obama has singled out Russia as an enemy that the United States will have to deal with decisively. In his address on the state of the Union this week, Obama sought to demonstrate his global leadership amid the...

Trouble in the pipeline if Russia cuts Europe off
January 16, 2015 1:00 am

Trouble in the pipeline if Russia cuts Europe off

The temperature is particularly cold in Europe at this time of the year. So Russian President Vladimir Putin has timed it perfectly to strike back.

France is wise in seeking an end to sanctions against Russia
January 9, 2015 1:00 am

France is wise in seeking an end to sanctions against Russia

France is a voice of reason amid deteriorating relations between the European Union and Russia.

Why bad news for the ruble could spell disaster for the dollar
December 19, 2014 1:00 am

Why bad news for the ruble could spell disaster for the dollar

Has the ruble fallen off a cliff and brought the Russian economy to its knees? Most mainstream analysts appear to think so, particularly after Russia's central bank was forced to hike its rate massively from 10.50 to 17.0 per cent to defend its...