Rapids on the yukon river

Thailand relaxed rules on capital outflows and will increase scrutiny of fund flows into bonds to help cool a rally of the Thai Baht that threatens the Kingdoms economic recovery from the pandemic. The Bank of Thailand moved forward measures that were supposed to begin early next year, most of which will now take effect from end-November. The rules will make it easier for Thai citizens to move money overseas and invest in foreign assets, and to hold foreign currency in Thai banks. It will also require the registration of local and overseas bond investors. “Following the U.S. elections and positive news on Covid-19 vaccine development, investors have turned toward investing in emerging markets, including Thailand,” the bank said in a statement Friday. The situation has “resulted in strengthening the baht quickly and can impact economic recovery.” Bank of Thailand to Restrain the Baht The registration of bond investors “will allow close monitoring of investor’s behaviors ... » Learn More about Thailand Intervenes to Help Cool the Rapid Gain of the Thai Baht

Hi all, In today's bulletin: Two people were killed and several others injured when Myanmar police fired on protesters in northern Myitkyina town; American and Chinese spacecraft reach Mars in quick succession last month, sparking talk of a space race between the two major powers; Indonesia eases rules to attract foreign investment; and more. Reading this on the web or know someone who might enjoy receiving Asian Insider? Our sign-up page is here . More killed in Myanmar protests as unions call for economic shutdown Two people were killed  and several others injured when Myanmar police fired on protesters in the northern town of Myitkyina on Monday (March 8), witnesses said. This was as shops, factories and banks were closed in Myanmar’s biggest city Yangon on Monday (March 8), after major trade unions called for a shutdown of the economy as part of the uprising against the country’s military rulers who had ousted the civilian government in a Feb 1 coup. ... » Learn More about Asian Insider, March 8: More deaths in Myanmar protests; US-China rivalry extending to space

KUCHING: Sarawak reported 252 new Covid-19 cases on Monday (March 8), with more than half in Sibu district, as well as one death. The state disaster management committee said the latest fatality was a 66-year-old man who died at Kapit Hospital on March 6 while being treated for fatigue, fever and cough for the past few days. "An antigen rapid test and a PCR test done at the hospital on March 1 returned positive. The case, who had aplastic anemia, passed away after his condition deteriorated," the committee said in a statement, adding that the state's death toll was now 88. Of the new cases, the committee said 234 were asymptomatic while 18 showed symptoms. Sibu recorded the highest number of new cases with 149, of which 133 were individuals screened during active case detection of contacts, including 109 from the Sibujaya area under the enhanced movement control order. Other districts which reported new cases were Bintulu (23), Miri (17), Subis (13), Kuching and Mukah (seven ... » Learn More about Sarawak records 252 new Covid-19 cases, one death

Deputy Prime Minister and Foreign Minister Don Pramudwinai looks at samurai armour at a museum in the Japanese settlement in Ayutthaya. Deer skin was among export goods used as a cushion in samurai armour. Westerners were prominent in Ayutthaya, the former capital of the kingdom of Siam, in centuries past. They left historical records, architecture, language and cultural links of their contact with Iudea, as it was known at the time. Today they help us understand the area's history and Thailand's policies on international relations. "Ayutthaya is a multicultural society but there were clear conditions in the use of land. Churches could be set up but permission was needed, trading was allowed but had to be done via a system under the Treasury Department," said Assoc Prof Predee Phisphumvidhi, deputy dean of Mahidol University's Faculty of Liberal Arts. Foreign community settlement and access by foreign ships was limited to the south of the Ayutthaya city island with Pom Phet ... » Learn More about Westerners leave mark on Ayutthaya

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Thailand’s Bank of Ayudhya reports the baht’s value is anticipated to surge past the 30-per-dollar mark next year driven by Thailand’s huge current account surplus and also the US’s ultra-loose monetary policy. The local currency’s value is forecast to hover between 29.50-30.50 baht per US dollar, with an appreciation bias expected throughout every quarter of 2021, said Tak Bunnag, head of global markets group at BAY. The baht is expected to appreciate to 30 baht per dollar in the first quarter before strengthening to 29.75 in the second quarter, according to BAY. The local currency’s value is forecast to strengthen further to 29.50 and 29.25 baht against the greenback in the third and fourth quarters, respectively. “The baht’s value tends to get stronger, but it would not appreciate past 29 baht per dollar and we are not expected to see an appreciation of 7-8% as witnessed in 2019,” said Mr Tak. Despite substantial outflows of net foreign funds seen in Thailand’s capital ... » Learn More about Bank of Ayudhya Anticipates Thai Baht to Surge in New Year