Showing 1 - 10 of 184
SCB CIO sees LTF benefits as steadying market influence
Business, Nareerat Wiriyapong, Published on 31/05/2024
» SCB Chief Investment Office (CIO) believes reinstating long-term equity funds (LTFs) to promote long-term savings would help reduce volatility from short selling and curb capital outflow, bringing in net inflow of 40-50 billion baht to the Thai stock market.
Exports being held back by declining competitiveness
Business, Nareerat Wiriyapong, Published on 24/05/2024
» Declining competitiveness for key export segments such as automobiles has kept Thailand from cashing in on improving global trade, according to analysts, as some start to downgrade shipment projections amid contracting manufacturing output and a slim private investment recovery.
Slowdown weighs on current account
Business, Nareerat Wiriyapong, Published on 16/05/2024
» Thailand's waning appeal in terms of attracting foreign direct investment (FDI), an uneven tourism recovery and the currency outlook are pressuring the country's current account surplus, which is still below the pre-pandemic level, says BMI, a Fitch Solutions company.
CGSI targets top 3 brokerage spot
Business, Nareerat Wiriyapong, Published on 11/05/2024
» CGS International (CGSI), China's second-largest securities firm, wants to be among the top three securities companies in Thailand by 2030, expanding its offerings and teaming up with local and regional partners.
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.
War worries put pressure on baht
Business, Nareerat Wiriyapong, Published on 23/04/2024
» The baht could weaken to around 37.20 baht to the US dollar later this week from its six-month low of 36.9 baht on Monday due to continuing concerns over the conflict in the Middle East, while US economic figures due this week are likely to support dollar strength, says Kasikorn Research Centre (K-Research).
Italian-Thai Development upbeat on funds to wrap up projects
Business, Nareerat Wiriyapong, Published on 10/04/2024
» Cash-strapped Italian-Thai Development (ITD) is confident it will be granted additional financial support from banks to complete more than 100 ongoing construction projects, in addition to bidding for more projects from the now-active fiscal 2024 budget.
Traders upgrade outlook for gold prices
Business, Nareerat Wiriyapong, Published on 05/04/2024
» Local traders have increased their forecasts for global and domestic prices of gold to US$2,350 and 40,500 baht, respectively, after the price of bullion set another record high of more than $2,300 an ounce on sustained demand from central banks and heightened geopolitical conflict.
Maybank cuts growth forecast to 2.9%
Business, Nareerat Wiriyapong, Published on 28/03/2024
» Despite a steady improvement in exports, analysts are downgrading Thailand's economic growth to less than 3% this year, citing the delayed launch of the government's ambitious digital wallet handout.
Hungary keen to develop bilateral trade ties
Business, Nareerat Wiriyapong, Published on 22/03/2024
» Hungary is looking forward to developing deeper bilateral ties with Thailand in terms of trade, investment and tourism, partly to support the Central European nation's goal of 4% economic growth this year, says Minister of Foreign Affairs and Trade Péter Szijjártó.