FPO concerned with Thailand’s rising inflation rate
Thailand’s inflation rate is likely to rise to 4 per cent
in 2008, fuelled by rising oil prices and higher product prices, according
to the Fiscal Policy Office.
FPO director-general Pannee Sathavarodom said the economy in November
continued to grow satisfactorily, driven by exports, which increased by 24.4
per cent to a record high of US$14.7 billion.
At the same time, imports increased further by 17.4 per cent to $12.8
billion based upon local spending recovery and higher oil prices, resulting
in a continued trade surplus of $1.9 billion.
She said that local spending, particularly private consumption, had
accelerated as witnessed by an increase of 11.3 per cent in the value-added
tax collection, and the consumer confidence index on the overall economy
rose for the first time in 13 months to 69.3.
State spending still played a key role in boosting the country’s economy as
the budget disbursement rose by 14 per cent to Bt127 billion in November.
However, private spending has not yet fully recovered with imports of
capital goods - contracting by 11.7 per cent.
What should be of greater concern is the acceleration of the inflation rate,
Mrs. Pannee said.
The general inflation rate in November rose to 3 per cent from 2.5 per cent
in October and the core inflation rate edged up to 1.1 per cent from 1 per
Should oil prices continue to stay high and product prices increase after
the New Year holiday, she said, Thailand’s inflation rate might rise to 4
“What will affect the inflation rate most is the oil price volatility. We
estimate crude oil prices in the global market will stay high at $80-85 per
barrel. This, coupled with the wage hike and the government officials’
payroll rise, will make the inflation rate rise to 4 per cent,” she said.
Real Estate Agents training
seminar in Bangkok
The third CIPS (Certified International Property Specialist) course will be
held from January 21 - 27, 2008 at the Shangri-La Hotel, Bangkok.
The course curriculum is the educational foundation of the CIPS Network. It
distinguishes CIPS designees as individuals who have both hands-on
experience in international real estate transactions, as well as having
successfully completed an intensive seven-day program of study focusing on
critical aspects of transnational transactions, including currency and
exchange rate issues cross-cultural relationships, regional market
conditions, investment performance, tax issues and more.
The are two modules as follows:
CIPS I: International Real Estate for Local Markets (formerly
Essentials) - newly revised this fall - is the two-day prerequisite
introductory course to the CIPS international real estate courses. The
course is an analysis of the international real estate business environment,
including capital flow, currencies, government regulations and cultures.
The practical aspects of international brokerage, networking, marketing and
selling are discussed. Students must take this course before taking any of
the other CIPS courses. Students will receive At Home with Diversity
Certification in addition to ABR and CRS elective credit with successful
completion of this revised course.
CIPS Institutes concentrate four international CIPS courses into a
one-week format, allowing students to save travel costs and complete the
education program quickly. Three of the four regional courses (Europe, Asia,
Americas, and Middle East/Africa) are required.
Many institutes include a variety of special events in addition to the
required classroom time. Property tours, networking events with local
businesses, panel discussions and social functions may be incorporated into
the week’s program to provide a well-rounded and exciting learning
experience. These courses may also be offered individually.
For further information about the course schedule in Bangkok go to www.
realtor.org/cipshome.nsf/pages/education or email [email protected] to