Economic growth could slow down in 2H: Thai central bank BOT (2)

17:05, July 21, 2010      

Email | Print | Subscribe | Comments | Forum 

Bandid explained that "this leads to more capital inflows to Thailand and other Asian countries, causing the stock market to expand. But, this could produce a bubble economy, making the recovery more fragile."

The BOT will closely monitor the capital inflows' situation to prevent them from destabilizing the Thai economy, the deputy governor said.

Bank of Thailand assistant governor Suchada Kirakul echoed Bandid's remark, according to a report by the Thai News Agency ( TNA).

It is essential for Thailand to be careful of speculative trading of international hedge funds, Suchada has warned.

Amid the economic recovery in Asia, capital inflows have returned to the Asian equity and debt markets on hopes of a high return, she explained.

During July 1-16, net foreign capital flows into Thailand were valued at 14 million U.S. dollars, Suchada said.

And, from the beginning of 2010, net foreign capital flows into Asia were valued at 14,000 million U.S. dollars, she said.

Domestically, it is not worrying as at least there are more foreign tourist arrivals following the end of the political unrest in May, Bandid cited. The tourism sector contributes some 8 to 9 percent to the country's gross domestic product (GDP), he said.


【1】 【2】 【3】

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
  • Photo taken on Sept. 29, 2011 shows strong wind blows trees in Sanya, south China's Hainan Province. Typhoon Nesat heads towards south China and is moving at an average wind speed of 20 km per hour toward the west coast of China's Guangdong Province. (Xinhua/Hou Jiansen)
Hot Forum Discussion