Showing 1 - 10 of 68
Thai factory output falls in August
Published on 26/09/2024
» Factory output in Thailand fell in August due to lower automobile production, higher energy prices and flooding in the North, according to the Ministry of Industry, which now says a full-year contraction is possible.
Thailand risks credit rating downgrade, opposition warns
Bloomberg News, Published on 26/09/2024
» Thailand runs a "very alarming" risk of credit rating downgrades if the government does not rein in its massive pile of debt to prop up Southeast Asia's second-largest economy, according to the country's biggest opposition group.
Thai export growth of 7% in August tops forecasts
Published on 25/09/2024
» Thailand’s exports rose for a second straight month in August, the Ministry of Commerce said on Wednesday as it maintained its forecast of 1-2% growth this year despite the baht strengthening to 30-month highs against the US dollar.
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.
Tax proposal gains support
Business, Molpasorn Shoowong, Published on 25/09/2024
» Tourism operators in Pattaya support the tourism and sports minister's plan to provide proper welfare for businesses there if they register in the tax system, as these efforts could help reduce crime and bribery.
As baht gains, Thai rates primed for a cut
Nareerat Wiriyapong, Published on 24/09/2024
» The rapid appreciation of the baht could prompt the Bank of Thailand to cut interest rates as early as its meeting in mid-October, say analysts, as ongoing inflows would support a further strengthening of the currency
Outlook improves as traders await big fund buys
Business, Published on 21/09/2024
» The Stock Exchange of Thailand has broken through the 1,400-point resistance level this month and continues to climb, with consolidation at times. Blue chips such as ADVANC, GULF, banking and healthcare plays have continued to lead the gains since mid-August.
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.
Baht set to continue to rise
Business, Nareerat Wiriyapong, Published on 17/09/2024
» The baht could appreciate further, after hitting a 19-month high of 32.2 baht to the dollar on Monday, if the US Federal Reserve cuts interest rates deeper than 25 basis points at its meeting this week, as falling US inflation could prompt the central bank to deliver an outsized rate cut.
Asian shares advance on tech rally, rate optimism
Business, Published on 14/09/2024
» RECAP: Most Asian equity markets advanced on Friday, following a tech rally on Wall Street, while US economic data sustained expectations that the Federal Reserve would start cutting interest rates next week.