Showing 1 - 10 of 32
Bank of Thailand stresses independence
Bloomberg News, Published on 20/09/2024
» Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput on Friday stressed the need for central bank independence in setting monetary policy amid a lengthy disagreement with the government over whether or not interest rates should be cut to support the economy.
Baht’s biggest rally since 1998 threatens tourism, exports
Bloomberg News, Published on 20/09/2024
» Thailand's baht is on course for its biggest quarterly gain since the Asian financial crisis, threatening to derail a recovery in the nation's key tourism and export industries.
Thailand to boost borrowing by 8% to $78 billion
Bloomberg News, Published on 17/09/2024
» The government plans to increase borrowing by 8% to about 2.6 trillion baht (US$78.2 billion) for the 2025 fiscal year starting on Oct 1, according to three market sources and a government presentation seen by Reuters.
Cathay Pacific scraps Hong Kong-Singapore flights amid A350 inspections
Bloomberg News, Published on 03/09/2024
» Cathay Pacific Airways cancelled almost all its scheduled flights from Hong Kong to Singapore on Tuesday, as well as a raft of other services across Asia, after discovering a faulty engine component on some of its Airbus A350s.
Singapore, Malaysia officials met to advance talks on Johor deal
Bloomberg News, Published on 30/08/2024
» KUALA LUMPUR - Officials from Singapore and Malaysia met to advance discussions on a special economic zone in Johor, the city-state’s Trade Ministry said in a statement Friday.
Troubled Thai firm Energy Absolute gets nod for bond extension
Bloomberg News, Published on 23/08/2024
» Energy Absolute Public Company Limited obtained approval to extend the maturity of 4 billion baht (US$116.5 million) of green bonds, providing some relief for the Thai renewable energy company that is under a fraud investigation. The shares surged the most in more than a decade.
AirAsia raises $443m to refurbish grounded planes
Bloomberg News, Published on 22/08/2024
» KUALA LUMPUR - Malaysian low-cost airline AirAsia, owned by Capital A, has raised US$443 million in a dual-tranche financing to refurbish planes that were grounded during the coronavirus disease 2019 (Covid-19) pandemic, Bloomberg News reported on Thursday.
Southeast Asia solar boom at risk from US-China trade stress
Bloomberg News, Published on 21/08/2024
» SINGAPORE - The future of Southeast Asia's booming solar industry, which produces the most panels in the world after China, is being thrown into doubt as the United States looks set to impose hefty tariffs on the region.
Sports and music tourism will soon represent a 53 trillion baht economy
Bloomberg News, Published on 02/08/2024
» If you have lost track of how many people in your orbit have recently posted pictures of themselves at a Formula One race or Taylor Swift concert, chances are you are not alone.
Thailand bets on B500bn cash handout to revive economy
Bloomberg News, Published on 24/07/2024
» The government expects the rollout of a long-delayed cash handout to most adult citizens to help reverse a slump in economic activity and tackle the highest household debt in Southeast Asia.