Dr. Pipat Luengnaruemitchai graduated from the B.E. International Program (BE#2) and received the Ananda Mahidol Fellowship for doctoral studies in economics from the University of California, Berkeley. Dr. Luengnaruemitchai is assistant managing director at Phatra Securities. In his seminar he discussed monetary policies implemented by the U.S.A., the European Union, and Japan. The effect of these policies on the Thai economy, rapidly growing stock market, and high economic growth compared to last year was also discussed.