Thread: Min of Finance says Thai economy remains strong amidst market volatility

BANGKOK, 14th September 2018 (NNT) - The Finance Minister says that volatility in emerging market currencies, especially Indonesia’s rupiah, will not affect Thailand due to the latter’s strong financial system.

Finance Minister Apisak Tantiworawong claims that overall, Thailand’s economic foundations are strong due to its robust financial system. Foreign loans account for only 4% of public debt, which is very low compared to other countries in the region. Moreover, Thailand has regained the confidence of foreign investors, with capital continuing to flow into the country.

Nevertheless, the minister indicated that the government has taken precautionary measures and will continue to monitor currency volatility.


National News Bureau Of Thailand | Min of Finance says Thai economy remains strong amidst market volatility

USA will be in rescission in 3rdQ 2019. Just look at the bond rates. Follow on to Asia.

Sounds a bit like a premier league club giving a vote of confidence to the manager, just before they sack him, by mutual agreement.