Showing 1 - 10 of 73
Baht fundamentals have deteriorated
Business, Published on 23/05/2024
» Uncertainty surrounding the US interest rate trajectory, alongside geopolitical tensions, underpin much of the baht's weakness so far this year. We think the baht will trade sideways and reach 37.50 to the US dollar by year-end once these temporary factors subside.
Superrich responds digitally to growing travel card threat
Business, Somruedi Banchongduang, Published on 15/05/2024
» Despite growth in foreign arrivals, Superrich Currency Exchange (1995) Co, a leading local money changer, recorded zero growth in transactions during the first four months of this year, primarily attributed to competition from travel card services.
New finance minister plans talks with central bank chief
Published on 07/05/2024
» Newly appointed Finance Minister says he plans talks with Bank of Thailand governor Sethaput Suthiwartnarueput in a bid to ensure fiscal and monetary policies are aligned.
Interest burden hovers over digital wallet
Business, Wichit Chantanusornsiri, Published on 06/05/2024
» The ratio of interest burden to estimated government revenue is projected to increase to 11% next year from 8% in 2024, should the government proceed with its flagship digital wallet handout.
Thais skimp on dining during trips
Business, Molpasorn Shoowong, Published on 01/05/2024
» Outbound travellers are saving on dining, spending a lot more on shopping and luxury products during their trips, with Japan and China the top destinations during the Songkran holiday, according to YouTrip, a multi-currency digital wallet.
BoT estimates first-quarter growth at just 1%
Published on 30/04/2024
» The Bank of Thailand estimates that the country’s economy grew by just 1% in the first quarter on both a quarterly and annualised basis.
Calculating the cost of war
Business, Published on 29/04/2024
» Currency depreciation, a surge in oil prices and a decline in purchasing power often result from geopolitical conflicts.
Asian shares get lift from US tech results
Business, Published on 27/04/2024
» RECAP: Asian shares rose yesterday, led by tech firms after strong earnings reports from Microsoft and Alphabet on Wall Street. But investors are becoming resigned to the idea that US interest rate cuts are probably many more months away.
Handout funding to diminish spending on other projects
Business, Wichit Chantanusornsiri, Published on 27/04/2024
» Once the government allocates substantial funds for its flagship digital wallet handout, spending on other projects will be reduced, says finance permanent secretary Lavaron Sangsnit.
Global and Thai economies face rising risk
Business, Published on 27/04/2024
» Three recent events have changed the world economic picture and monetary policy outlook.