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  • GENERAL

    Thailand pushes yuan, ringgit use to curb baht volatility

    Bloomberg News, Published on 08/08/2023

    » Thailand plans to promote the use of yuan and other Asian currencies in trade and investments to curb wild swings in the baht against the United States dollar, according to a central bank official.

  • BUSINESS

    Prasarn: Let market forces drive baht

    Business, Pathom Sangwongwanich, Published on 17/08/2015

    » The Bank of Thailand would let market mechanisms determine the baht's value rather than weaken it despite pressure from the recent yuan devaluation.

  • BUSINESS

    Yuan’s slump puts Asia’s rate-cutting central banks on alert

    Published on 05/08/2019

    » China’s decision to weaken its currency amid an escalating trade war will put Asian central banks on the defensive as they gauge how much monetary-policy easing their economies can withstand.

  • BUSINESS

    BAAC, agencies partner to upgrade smart farms

    Business, Published on 09/12/2019

    » Deputy Prime Minister Somkid Jatusripitak has ordered the Bank for Agriculture and Agricultural Cooperatives (BAAC) to team up with the Industrial Promotion Department and the Tourism Authority of Thailand (TAT) to develop and upgrade smart farmers and community tourism, part of ongoing efforts to address poverty in the rural sector, covering as many as 30 million people.

  • BUSINESS

    Good as gold

    Asia focus, Erich Parpart, Published on 09/09/2019

    » It is common knowledge among traders that when geopolitical tensions rise, so too does the price of gold as it is considered a safe haven compared with other investments. But Robin Lee believes gold trading shouldn't be limited only to deep-pocketed market professionals. In his view, it is a good tool for anyone interested in saving.

  • BUSINESS

    Investors heartened as fed ends rate suspense

    Business, Published on 20/03/2017

    » Recap: Investors were treading cautiously ahead of last week's US Federal Reserve meeting when the US central bank raised its benchmark interest rate as expected, but their appetite improved after Chair Janet Yellen's comments suggested a more gradual pace of monetary tightening this year. The Thai stock market joined the global rally as the wild swings in trade of Group Lease (GL) eased.

  • BUSINESS

    Trump tantrums keep traders on edge, SET dips

    Business, Nuntawun Polkuamdee, Published on 06/02/2017

    » Recap: World stock markets retreated as investors shied away from riskier assets over renewed concerns about US President Donald Trump's controversial ban on refugees and travellers from seven Muslim-majority countries and protectionist rhetoric that fanned fears of a global trade war. Buying ahead of corporate earnings releases and hopes for dividend payments cushioned the Thai stock market against a steep fall.

  • BUSINESS

    Global shares sink in bad case of China syndrome

    Business, Published on 11/01/2016

    » Recap: The new year got off to a miserable start as China suspended share trading twice, the yuan slid to a five-year low, and weak manufacturing and services data in the world's second-largest economy rattled traders everywhere including Thailand.

  • BUSINESS

    Set flirts with 1,600 as central banks stay busy

    Business, Published on 01/12/2014

    » Recap: China's surprise interest rate cut, the first in more than two years, and speculation about further stimulus by the European Central Bank (ECB) propelled the run-up in Asian stock markets last week. The buying spree in tax-saving equity funds as the year-end approaches buoyed the Thai bourse which briefly surpassed 1,600 points.

  • BUSINESS

    Scotiabank shelves TBank divestment

    Business, Somruedi Banchongduang, Published on 07/09/2016

    » Bank of Nova Scotia (Scotiabank), Canada's third largest lender by assets, has shelved plans to sell up to a 49% stake in Thanachart Bank (TBank) because of the fragile global economic recovery, according to a source in the banking circle.

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