Showing 91 - 100 of 7,251
After tightening, others must step up
Business, Published on 01/07/2024
» Central banks around the world have shown they can take forceful action to head off the most dramatic increase in inflation in a generation. They have taken steps to protect the purchasing power of people and businesses. Although the last mile to return to price stability is not yet complete, the end is well in sight.
Myanmar central bank denies Thai banks helped junta buy weapons
Published on 30/06/2024
» Myanmar's central bank denied a UN report that the country's military government has used Thai banks, among others, to access money and weapons for its war against anti-coup forces , saying financial institutions under the bank's supervision followed prescribed procedures.
Vietnam Airlines gets debt reprieve
Published on 29/06/2024
» The National Assembly in Hanoi has approved an extension for Vietnam Airlines’ 4 trillion dong ($157 million) in state-backed loans through July 2027 to give the financially struggling national carrier time to reorganise its operations, according to information from the parliament.
Beware of currency storms
Business, Published on 29/06/2024
» The health of Asian currencies has been making headlines lately. The Japanese yen has depreciated to the lowest in 38 years at 160 to the dollar, leading to reports that the Bank of Japan is signalling moves to reduce liquidity and possibly continue raising interest rates to control inflation and stop the depreciation.
Ministry seeks to adjust inflation target
Business, Wichit Chantanusornsiri, Published on 28/06/2024
» The Finance Ministry wants an inflation framework that can better drive the economy forward, according to Deputy Finance Minister Paopoom Rojanasakul.
Analysts see continued baht decline this year
Business, Nareerat Wiriyapong, Published on 28/06/2024
» The baht is likely to plunge to 37.25 to the US dollar in the short term, as Asian currencies slumped to their weakest level since 2022 amid continued outflows from both the Thai stock and bond markets, attributed to ongoing global volatility pending US interest rate cuts, say economists.
How to finance the 2025 fiscal budget
Oped, Chartchai Parasuk, Published on 27/06/2024
» The 2025 fiscal budget is supposed to be historic, aiming to turn around the sagging Thai economy. But it is going by almost unnoticed. The first reading of the Budget Bill passed with an overwhelming "yes" vote of 311 to 175. The debates were subdued and made few headlines. The second vote is expected on Aug 3. After passing the third vote by the House of Representatives, the 2025 budget will go to the Senate for final approval.
Lease plan caveats
Oped, Postbag, Published on 26/06/2024
» Re: "PM allays foreign lease fears", (BP, June 24). Given that attempts by previous governments to allow foreign land ownership and the moribund condition of the property market, PM Srettha's initiative to introduce 99-year leases as an alternative to freehold is laudable.
Bank of Thailand sees current interest rate 'robust to many scenarios'
Published on 25/06/2024
» Thailand's current benchmark interest rate of 2.5% is "quite robust to many scenarios", Bank of Thailand Assistant Governor Piti Disyatat said on Monday, shrugging off government pressure that monetary policy is too tight.
Traders bullish on outlook for gold prices
Business, Nuntawun Polkuamdee, Published on 25/06/2024
» Traders expect gold prices to remain high over the next 3-5 years because of ongoing global economic uncertainty and geopolitical conflicts.