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Posted: 01 Jan 2012 | 6:00 am
Standard Chartered Bangkok Thailand is forecasting the appreciation of the US dollar against the Thai baht up to THB32.5 in the first quarter of 2012.
Financial uncertainty in the Eurozone have been cited as a critical factor.
Domestically Thailand looks set to take a heavy hit in 2012 with the negative impact to GDP from the flooding and ensuing damage to industrial output.
In an economy heavily leveraged on exports, the outlook for the sector remains cloudy.
Another pressure point looks to be the tightening of bank debt by local banks which would substantially impair the property and hospitality sectors.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
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