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Tourism stumble risks perfect storm for reeling Thai markets - Vimarsana News

Tourism stumble risks perfect storm for reeling Thai markets

A shooting tragedy in a Bangkok mall adds to a double-whammy of rising rates and government spending worries that has hammered Thai assets and soured bets on the recovery of Asia's tourism giant. Thai tourism stocks slid 1.6% on Wednesday, dragging the benchmark index to its lowest since January 2021, while a stronger dollar sent the baht to an 11-month low. Foreign selling pressure has been building for weeks, with some $1.65 billion leaving Thai stock and bond markets since the start of September and coming to a head with a surprise rate hike and fiscal spending promises in recent day...

Source: yahoo.com
Thailand's Tourism In Jeopardy After Tourists Killed In Bangkok Mall Shooting - Vimarsana News

Thailand's Tourism In Jeopardy After Tourists Killed In Bangkok Mall Shooting

BANGKOK - A 14-year-old boy has been remanded to a juvenile detention institute for psychiatric evaluation after being charged with murder

Bangkok Mall Shooting A Blow To Tourism And Thailand's Economy - Vimarsana News

Bangkok Mall Shooting A Blow To Tourism And Thailand's Economy

Analysts say the massacre at Siam Paragon in Bangkok compounds the negative effects of rising interest rates and concerns

Dollar's rampage - Vimarsana News

Dollar's rampage

Some of the world’s top investors are betting the worst of the dollar’s rampage is over after the surge upended the global economy in ways that had few parallels in modern history.Having skyrocketed to generational highs last year — deepening...

The world's most painful trade is finally ending as US dollar peaks - Vimarsana News

The world's most painful trade is finally ending as US dollar peaks

A weaker dollar will cool some of the price pressures that have been evident around the world.

Source: afr.com