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January deficits biggest since 1997: Oil and capital goods imports cited.
Byline: Parista Yuthamanop
Mar. 1--Thailand in January recorded its largest monthly trade and current account deficits since the 1997 crisis, as a result of surging imports of oil and capital goods, according to the latest data from the Bank of Thailand.
Suchada Kirakul, the senior director of the central bank's Domestic Economy Department, said rising orders for oil, steel, gold and machinery pushed total imports for January to an all-time high of $9.17 billion, up 33.6 percent from the year before.
Exports for January totalled $7.7 billion, an increase of 11.6 percent from January 2004 but down from $8.37 billion in December. Export declines ...
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