Showing 1 - 10 of 278
Baht volatility against the dollar exceeds regional peers
Business, Somruedi Banchongduang, Published on 10/09/2024
» The baht has been exhibiting a greater degree of volatility against the US dollar than its regional peers, mainly due to market expectations of a US policy rate cut and Thailand's gold imports.
Improved economic data in July
Business, Somruedi Banchongduang, Published on 31/08/2024
» Economic data in July improved from the previous month, mainly attributed to exports and tourism, according to the Bank of Thailand.
Bank of Thailand plans to further relax foreign exchange rules
Business, Somruedi Banchongduang, Published on 02/08/2024
» The Bank of Thailand (BoT) plans to further ease foreign exchange regulations to support the ease of doing business and enhance the country's foreign exchange ecosystem in the long run.
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.
BoT: Baht to reverse course in H2
Business, Somruedi Banchongduang, Published on 01/05/2024
» The baht depreciation softened in April, supported by the Thai economy's improving momentum, while a central bank executive expects the local currency to strengthen in the second half of this year.
Citi keen to aid expansion of mid-sized firms
Business, Somruedi Banchongduang, Published on 01/05/2024
» International bank Citi is planning to support medium-sized enterprises in Thailand and Asia as they venture into overseas markets, leveraging burgeoning opportunities as the region's economies grow rapidly.
Baht tipped to slide as US Fed delays rate cuts
News, Somruedi Banchongduang, Published on 12/04/2024
» The baht is poised to experience significant pressure, potentially reaching 37 baht per United States dollar next week, as a result of better-than-expected economic data from the US coupled with the US Federal Reserve's decision to hold off on interest rate cuts.
Ttb's digital platform pivotal to lifting fee income growth
Business, Somruedi Banchongduang, Published on 04/04/2024
» TMBThanachart Bank (ttb) is developing its digital banking platform to cater to commercial customers, with a keen focus on aggressively increasing fee income in this segment this year.
Currency nosedives amid more seasonal fluctuations
Business, Somruedi Banchongduang, Published on 23/03/2024
» The baht plunged against the US dollar on Friday, primarily influenced by external factors, with seasonal fluctuations expected to exert continued pressure on the local currency, potentially weakening to 37 per dollar during the second quarter.
SCB EIC predicts 2 rate cuts in H1
Business, Somruedi Banchongduang, Published on 15/03/2024
» SCB EIC, a research centre under Siam Commercial Bank (SCB), expects the Bank of Thailand to start cutting the policy rate in April because of structural economic problems.