Showing 1 - 10 of 91
Finance minister presses case for rate cut
Published on 25/09/2024
» Finance Minister Pichai Chunhavajira is once more pushing the government’s case for a cut in interest rates ahead of a meeting next week with the Bank of Thailand, where the inflation target and the strong baht will be on the agenda.
Where to look as rates dip
Business, Nuntawun Polkuamdee, Published on 23/09/2024
» After the Federal Reserve cut US interest rates for the first time in four years last week with more trims planned, positive sentiment pulsed for various assets.
Lighthub-WeLab consortium among virtual bank applicants
Nuntawun Polkuamdee, Published on 20/09/2024
» A consortium of Lighthub Asset, a Thai fintech powerhouse, and WeLab, a leading pan-Asian fintech platform, has applied for the Bank of Thailand's (BoT) virtual bank licence, with results expected in the first half of 2025.
Big names chase virtual bank licences
Published on 19/09/2024
» Competition for new virtual bank licences has intensified, with five major business groups confirming their intentions prior to the deadline for submissions on Thursday.
Donald Trump promotes new crypto business
Published on 17/09/2024
» A day after an apparent assassination attempt, former US president Donald Trump appeared on an online livestream Monday to champion his latest business venture: cryptocurrencies.
Thai stocks and baht jump on cabinet news
Published on 05/09/2024
» Thai stocks climbed by the most since March last year, with the baht also rallying on optimism over policy continuity after the formation of the new government.
Shares boosted by growing hopes for a soft landing
Business, Published on 31/08/2024
» RECAP: Asian stocks closed in on a fourth month of gains, lifted by hopes of a soft landing for the US economy. The dollar was poised for its worst monthly performance in nine months on the view that US interest rates are all but certain to start falling next month.
Traders on sidelines awaiting signals from Fed chief
Business, Published on 24/08/2024
» RECAP: Trade was subdued in most Asian stock markets yesterday while the dollar rebounded from one-year lows, as investors were cautious ahead of a major speech by US Federal Reserve chairman Jerome Powell.
Thai leadership change highlights political risk
Business, Published on 21/08/2024
» The Thai parliament's swift approval of new Prime Minister Paetongtarn Shinawatra, who received royal endorsement on Aug 18, should help to preserve policy continuity, but recent developments highlight the potential for the country's volatile politics to have an impact on policymaking and investor confidence.
Political turmoil threatens baht resurgence as traders await BoT
Published on 19/08/2024
» The Thai baht’s recent rally is under threat as markets digest the nation’s latest political drama ahead of this week’s central bank policy meeting.