Showing 81 - 90 of 9,507
Baht poised to reach 34 to the greenback
Business, Nareerat Wiriyapong, Published on 22/08/2024
» The baht is on course to appreciate to 34 to the dollar or an even stronger position in the near term after hitting a 13-month high yesterday as the Bank of Thailand held the policy rate at 2.5%, which could spur inflows ahead of the US Federal Reserve's next meeting in September.
Q2 GDP growth may be misleading
News, Chartchai Parasuk, Published on 22/08/2024
» I eagerly awaited the release of the Q2/2024 GDP growth figure which became available on Monday. The 2.3% growth figure, presented by the Office of the National Economic and Social Development Council (NESDC), did not surprise me. A friend had warned me that the quarterly growth could be as high as 2.5%, even though my estimation for the quarter was only 1.0%.
BoT leaves interest rate unchanged
Business, Somruedi Banchongduang, Published on 22/08/2024
» The Bank of Thailand's Monetary Policy Committee (MPC) kept the policy rate steady at 2.5% on Wednesday, in line with the local economic recovery.
Bank of Thailand holds key rate at 2.50%
Published on 21/08/2024
» The Bank of Thailand (BoT) left its key interest rate unchanged for a fifth straight meeting on Wednesday, as widely expected, despite a sluggish economy and fiscal policy uncertainty after the Constitutional Court dismissed Srettha Thavisin as prime minister last week.
SCB WEALTH Hosts Seminar on AI and Global Investments
Published on 21/08/2024
» Dr. Yunyong Thaicharoen (4th from left), Senior Executive Vice President & Chief Wealth Banking Officer at Siam Commercial Bank, led a team in hosting the SCB FIRST Investment Outlook 2024 seminar, titled “Navigating the Investment World with Digital AI,” exclusively for the bank’s FIRST customers. The event featured notable speakers including Dr. Chalee Asavathiratham (3rd from left), Senior Executive Vice President & Chief Digital Banking Officer; Mr. Sornchai Suneta (4th from right), First Executive Vice President of the Investment Office and Product Function; Dr. Thitima Chucherd (2nd from left), Head of Macroeconomic Research, SCB EIC; and Mr. Sittichai Duangrattanachaya (3rd from right), Senior Vice President of the Investment Strategy Department, Research Group at InnovestX Securities Co., Ltd. The seminar was recently held at the Mandarin Oriental Hotel, Bangkok.
Analysts expect steady policy rate
Business, Published on 21/08/2024
» The Bank of Thailand is expected to keep the policy rate at a decade-high level of 2.5% at its meeting on Wednesday, though analysts see a higher likelihood of a rate cut this year given growing headwinds facing the Thai economy.
Bank of Thailand may face more rate-cut pressure from new PM
Published on 20/08/2024
» Thailand’s central bank is poised to keep the policy rate at a decade high this week as the economy gathers some steam but uncertainty about a 145-billion-baht handout may prompt a fresh wave of rate-cut pressure.
Double financing adds to property sector's woes
Business, Somruedi Banchongduang, Published on 20/08/2024
» Higher debt leverage resulting from double financing is making it more difficult for property companies to secure bank loans, forcing some developers to rely on short-term loans from major shareholders.
Agency maintains GDP forecast for the year
Business, Wichit Chantanusornsiri, Published on 20/08/2024
» The government's planning agency is maintaining its GDP forecast for this year but advises the government to speed up implementing measures to boost the economy and prepare the 2025 budget to address economic volatility caused by global crises.
The US dollar is a problem for everyone
Oped, Published on 20/08/2024
» In 1971, US Treasury Secretary John Connally famously told his counterparts in the G10 that "the dollar is our currency, but it's your problem". Connally was being unexpectedly candid about the fact that, even though the greenback was the world's main reserve currency, its foremost purpose was to advance US interests.