Showing 1 - 10 of 6,852
Oil prices remain under pressure after the OPEC policy change to increase oil production
Published on 18/06/2024
» ICE Brent crude oil prices have been hovering around $80 to $90 per barrel since early February, supported by OPEC+ crude oil production cuts and conflicts in the Middle East. However, at the beginning of June, prices fell back below $80 per barrel after an OPEC+ policy change. On June 2nd, the OPEC+ group decided to increase oil production by a total of 2.2 million barrels per day (0.18 million barrels per day per month from October to December 2024 and 0.213 million barrels per day per month from January – September 2025) which is the main supply pressure on prices. PTT Trading’s international market analysis team predicts that ICE Brent crude prices will range between $75 and $85 per barrel in Q3 2024.
Bank of Thailand governor warns against tweaking inflation target
Published on 18/06/2024
» Bank of Thailand Governor Sethaput Suthiwartnarueput on Tuesday warned that any move to raise the monetary authority’s inflation target may unanchor expectations and result in quickening price gains, which carries risks for economic growth.
Central bank unfazed by factory closures
Business, Somruedi Banchongduang, Published on 18/06/2024
» The Bank of Thailand says new business registrations still outnumber factory and business closures, with no adverse impact yet on the country's employment figures.
Baht declines in thin holiday trading across Asian markets
Published on 17/06/2024
» Emerging Asian currencies slipped in holiday-thinned trade on Monday, with the Thai baht leading the declines, as the dollar stayed firm and China data pointed to an uneven recovery in the world's second-largest economy.
Asian equities mixed despite gains in Japan
Business, Published on 15/06/2024
» RECAP: Asian equities were mixed on Friday, with Japanese shares surging following the Bank of Japan's decision to delay a reduction in bond buying. However, Chinese and Australian market weakness dragged down the overall MSCI Asia Pacific Index.
Analysts predict Thai rates likely to stay put
Business, Nareerat Wiriyapong, Published on 14/06/2024
» Analysts are ruling out the possibility the Bank of Thailand will cut interest rates this year after the US Federal Reserve sent clear signals it would trim the US rate only once in 2024, followed by four more cuts next year.
Scam losses ‘topped B60bn in last two years’
Published on 13/06/2024
» The Bank of Thailand is stepping up a crackdown on so-called mule accounts used in online financial fraud after bank customers lost more than 60 billion baht to such scams in the past two years.
PM: New inflation target should increase rate-cut odds
Published on 13/06/2024
» An upcoming review of the country’s inflation target range by the Bank of Thailand and the Ministry of Finance should increase the chance of an interest-rate cut, Prime Minister Srettha Thavisin said on Thursday.
Srettha won't parachute adviser into BoT
News, Mongkol Bangprapa, Published on 13/06/2024
» Prime Minister Srettha Thavisin has insisted his chief adviser and former finance minister Kittiratt Na-Ranong is not eligible to vie for the top seat on the board of the Bank of Thailand (BoT) to replace the incumbent whose term expires in September 2025.
MPC votes 6-1 to keep policy rate
Business, Somruedi Banchongduang, Published on 13/06/2024
» Thailand's GDP growth rate could potentially reach 3% this year, contingent on the disbursement of the fiscal budget and the implementation of the digital wallet scheme this year, according to the central bank.