Thai economic growth is projected to rise between approximately 4 to 5 percent on higher exports and rising economic fundamentals in 2010, reflecting increases in tourist arrivals and employment, as well as the new AFTA Asian Free Trade Agreement. However, political difficulties and domestic turbulence should also be factored in.
Most European and Asian markets lost momentum Thursday, plunging in response to the U. S. Federal Reserve Bank’s surprise announcement of a.25% rise in the emergency loan rate it charges to banks. Unikalnydom
Negative risks weighing on Thailand’s economic prospects include the uncertainty posed by the fate of approximately 65 industrial projects worth billions of dollars still awaiting the Central Administrative Court’s ruling on whether they will be allowed to continue due to environmental lawsuits brought by local villagers, threatened protests by the UDD/ PhueaPandin and Thai Red Shirt allied activists at Bangkok’s Suvarnabhumi International Airport and other venues, as well as fears of political threats and uncertainties regarding the asset seizure of former deposed Prime Minister Thaksin Shinawatra’s $76 billion baht against senior political figures and Supreme Court judges involved in the final decision, due on February 26. Melds
The assets were seized amid allegations of corruption and Mr. Thaksin’s failure to return in August 2008 to appear to face charges after being allowed to fly to Hong Kong after posting bail to travel to the 2008 Summer Olympics in Beijing. Since then, Mr. Thaksin has made a variety of countries his temporary home including London, Dubai, China and Cambodia, while recent tensions between Cambodia and Thailand have also emerged at a variety of international high level meetings, such as the recent ASEAN meeting in Hua Hin. Hun Sen.
has dubiously offered the former Thai prime minister free access and a safe haven while appointing him Cambodia’s economic advisor, a move the current Thai government in Bangkok considers interfering in its sovereignty, judicial system and internal politics, allowing that Thailand and Cambodia have extradition treaties, which Cambodia has failed to fulfill in regard to Mr. Techworldscope
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