Showing 1 - 10 of 78
UOB slashes GDP growth to 2.4%
Business, Nareerat Wiriyapong, Published on 09/05/2024
» Singapore-based United Overseas Bank (UOB) is preparing to downgrade Thailand's GDP growth forecast this year to 2.4% from 2.8%, though it expects the Bank of Thailand to trim interest rates twice to 2% by year-end to prop up the economy.
Analysts trim growth for this year and next
Business, Nareerat Wiriyapong, Published on 04/05/2024
» Analysts are downgrading GDP growth estimates for this year and next as the export outlook turns patchy, the manufacturing slump deepens, the tourism recovery is uneven and the likelihood of interest rate cuts by the Bank of Thailand this year seems limited.
Delta lays out investment plans
Business, Nareerat Wiriyapong, Published on 13/03/2024
» Delta Electronics (Thailand), the country's largest electronics company by market capitalisation, is set to invest between US$500 million and $1 billion to expand its manufacturing and R&D capacity over a five-year period, with the majority to be allocated to Thailand, says chief executive Victor Cheng.
Baht projected to weaken following poor economic figures
Business, Nareerat Wiriyapong, Published on 01/03/2024
» Despite recent appreciation, the baht remains under pressure to weaken and is expected to move in a range of 36-36.50 to the US dollar this month because of weak economic data, high exposure to rising freight costs, and rifts over interest rate cuts, say analysts.
Sabuy to ask DSI for probe
Business, Nareerat Wiriyapong, Published on 19/12/2023
» Sabuy Technology Plc is scheduled to meet with the Department of Special Investigation (DSI) on Wednesday to ask the agency to investigate possible naked short selling of the company earlier this year after the Stock Exchange of Thailand (SET) insisted there was no such selling.
SET listing powers ANI's regional growth
Business, Nareerat Wiriyapong, Published on 16/12/2023
» With fresh funding mobilised from the Stock Exchange of Thailand, Asia Network International Plc (ANI) aims to expand its network of cargo general sales agents (GSAs) across Asia and beyond, partly through mergers and acquisitions.
Analysts downgrade Thai GDP growth outlook for 2023
Business, Nareerat Wiriyapong, Published on 22/11/2023
» Analysts have downgraded Thailand's economic growth forecast for 2023 after data indicated a much lower third-quarter GDP expansion than expected while there are uncertainties surrounding the controversial digital wallet policy.
Analysts anticipate more rate hikes
Business, Nareerat Wiriyapong, Published on 03/06/2023
» The Bank of Thailand is likely to continue to raise interest rates this year to curb rising inflationary pressures, though such increases could hurt the stock market and the economy, say analysts.
Investors fret as Chinese factories decelerate
Business, Nareerat Wiriyapong, Published on 01/06/2023
» Economists are concerned about a weakening Chinese economy, saying the mainland's shaky recovery from the pandemic has pressured regional stock markets and the Thai economy.
SCB CIO sees limited impact from stimulus steps
Business, Nareerat Wiriyapong, Published on 25/05/2023
» The potential impact of the new government's stimulus measures on the economy is likely to be limited, while the stock market has already factored in risks related to political issues, says the SCB Chief Investment Office (SCB CIO).