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Energy Costs Push Thailand into Red.
Byline: Parista Yuthamanop
Jun. 1--Thailand recorded its first monthly current account deficit in two years, due to a trade deficit on rising energy costs and heavy profit repatriations by foreign businesses, according to April economic figures released yesterday by the Bank of Thailand.
The April current account showed a deficit of $19 million and a trade deficit of $357 million, as import growth well outstripped export growth.
In contrast, the March current account showed a surplus of $208 million despite a trade deficit of $308 million.
Nitaya Pibulratanagit, senior director for the central bank's Domestic Economy Department, said ...
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