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BUSINESS

BoT: E-payment climb hastening

Business, Somruedi Banchongduang, Published on 30/07/2018

» Thailand's average digital payment transactions are expected to triple to 150 transactions per person per year sooner than previously forecast, thanks to a series of launches of digital banking services.

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BUSINESS

China's currency Catch-22

Asia focus, Published on 30/07/2018

» Officials at the People's Bank of China (PBOC) have long insisted that "China won't weaponise the renminbi". And yet, implicit in their promise not to manipulate the currency for strategic ends is their ability to do so if they so desire.

BUSINESS

Renault likely to pull out of Iran due to sanctions

Business, Published on 28/07/2018

» Renault SA is shaping up to be the latest French company to fall victim to Donald Trump's renewed sanctions on Iran -- even if it doesn't sell cars in the US.

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BUSINESS

Bangkok Bank seeks higher Vietnam lending

Business, Somruedi Banchongduang, Published on 28/07/2018

» Bangkok Bank's Vietnam branch has sought the Vietnamese central bank's permission to raise its lending growth target for this year after loan expansion during the first half approached the regulatory limit of 15%.

BUSINESS

Sterling to dip for 3rd week

Business, Published on 28/07/2018

» Sterling edged lower yesterday and is poised to register its third consecutive weekly loss as concerns about the progress of Brexit negotiations trumped any optimism ahead of a likely interest rate hike next week.

WORLD

Trump declares victory for farmers in trade spat with EU

AFP, Published on 27/07/2018

» WASHINGTON - President Donald Trump declared victory for American farmers Thursday after brokering a ceasefire in a trade dispute with the European Union, but it is unclear how soon it will bring relief to those hurt by tit-for-tat tariffs.

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THAILAND

Ministry says 5% growth possible

Business, Wichit Chantanusornsiri, Published on 27/07/2018

» Thai GDP growth of 5% is likely this year if the global economy's performance and state spending outpace expectations, the Finance Ministry says.

WORLD

US, EU agree to resolve steel, aluminium tariffs

AFP, Published on 26/07/2018

» WASHINGTON: The United States and the European Union will "immediately resolve" their dispute over US steel and aluminium tariffs and subsequent EU counter-measures, US Treasury Secretary Steven Mnuchin said Thursday, as the two sides work to defuse a costly trade row.

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WORLD

Southeast Asia stocks end higher

Published on 26/07/2018

» Most Southeast Asian stock markets rose on Thursday, with the Stock Exchange of Thailand gaining for the sixth session in seven trading days, as negotiations between the United States and Europe over reducing trade barriers calmed fears of a transatlantic trade war.

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WORLD

Thai, Singapore stocks lead Southeast Asian peers

Published on 25/07/2018

» Most Southeast Asian stocks rose on Wednesday tracking strong broader Asia, with Thai and Singapore shares leading the markets.