Showing 1 - 10 of 77
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.
Vietnam tycoon faces second fraud trial after death sentence
Bloomberg News, Published on 19/09/2024
» HANOI - The second trial of Vietnamese real estate tycoon Truong My Lan, already facing the death penalty for massive fraud, began Thursday morning, underscoring the new Communist Party chief's determination to press ahead with a crackdown on corruption.
Fiscal 2025 public debt estimated at 66% of GDP
Business, Wichit Chantanusornsiri, Published on 19/09/2024
» The level of public debt for fiscal 2025 is projected at 66% of GDP, which is below the fiscal sustainability threshold of 70%.
Government borrowing ‘won't crowd out’ private sector
Published on 18/09/2024
» The government will ensure that its borrowing of 2.59 trillion baht for the 2025 fiscal year won’t “crowd out” the fundraising activities of the private sector, a Ministry of Finance official said on Wednesday.
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.
PM says handout will give ‘jolt’ to economy
Published on 17/09/2024
» The launch of a 145-billion-baht handout programme to needy people next week is certain to give a “jolt” to the economy, Prime Minister Paetongtarn Shinawatra said on Tuesday, as her government promised more stimulus measures ahead.
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.
Asian equities steady after turbulent week
Business, Published on 07/09/2024
» RECAP: Asian equities were poised to end a turbulent week on a steady note and Thai shares had their best week of the year, while currencies edged higher ahead of crucial US payrolls data that could set the stage for a larger interest rate cut.
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.
Thai baht weakens as China falters
Business, Published on 03/09/2024
» The baht led Asian currencies that weakened against the dollar on Monday on a faltering Chinese economy, with analysts suggesting the baht could be on a depreciating trend for the remaining months of this year if the US Federal Reserve (Fed) cuts rates by less than the 1% reduction anticipated by the market this year.