BlackRock Bullish on Thai Bonds, Region’s Worst

BlackRock Bullish on Thai Bonds, Region’s Worst – businessweek.com, August 27, 2012
…Prime Minister Yingluck Shinawatra’s government has raised minimum wages and pledged to spend more than 2 trillion baht ($64 billion) on infrastructure and water-management projects over the next seven years to boost growth and minimize the damage from future floods.
“We’re bullish on Thailand,” Yichun Shi, a Taipei-based fund manager who helps oversees NT$109 billion ($3.6 billion) of assets at Eastspring Securities Investment Trust Co., a unit of Prudential Plc, said in an Aug. 24 interview. “Although we think the central bank probably won’t cut interest rates this year, we think it will continue with its expansionary monetary policies…”