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Search Result for “currency”

Showing 1 - 10 of 9,142

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OPINION

Yesterday’s shadow

Oped, Postbag, Published on 25/05/2024

» Re: “Court to hear Srettha case”, (BP, May 24) and “Thailand’s judiciary face challenges”, (Opinion, May 24). Prof Thitinan Pongsudhirak’s biting comments on the judiciary’s influence on the lifeline of an elected prime minister are most justified based on past events. For the coming challenge facing our Constitutional Court, it is different from the past. The court’s 5-4 vote not suspending PM Srettha’s lifeline before he has the chance of defence is laudable.

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GENERAL

Baht fundamentals have deteriorated

Business, Published on 23/05/2024

» Uncertainty surrounding the US interest rate trajectory, alongside geopolitical tensions, underpin much of the baht's weakness so far this year. We think the baht will trade sideways and reach 37.50 to the US dollar by year-end once these temporary factors subside.

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OPINION

Securing Thailand's energy future

Oped, Published on 22/05/2024

» Since the 2021 military coup in Myanmar, foreign governments -- in particular the European Union and the United States, have issued travel bans and frozen the financial assets of corporate entities and individuals involved with the military regime. The most recent US financial sanction on the Myanmar Oil and Gas Enterprise (Moge), a major source of foreign currency revenue for the military government, which took effect in November 2023, is a potential risk to Thailand as it is reliant on gas from Myanmar for electricity generation.

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OPINION

Why the US can't win trade war with China

Oped, Published on 22/05/2024

» Allegations about China's manufacturing overcapacity have sparked heated discussions among policymakers. During her visit to China in April, US Treasury Secretary Janet L Yellen reportedly argued that "when the global market is flooded by artificially cheap Chinese products, the viability of American and other foreign firms is put into question", adding that it was the same story a decade ago.

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GENERAL

BBL: Regulator to okay 1% credit card fee this year

Business, Published on 17/05/2024

» The Bank of Thailand is expected to authorise credit card issuers charging a new 1% fee for overseas spending within this year, following efforts by businesses to improve understanding among cardholders.

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INVESTMENT

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.

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OPINION

Stark reality behind economic figures

Oped, Chartchai Parasuk, Published on 16/05/2024

» At the time of writing this, the official Q1 GDP has not been announced by the National Economic and Social Development Council (NESDC). I expect the growth figure will be around 1.2%. My own estimation, using the Output Approach and actual sectoral production index, gives a growth figure of 0.98%. Detailed data are in the below table.

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THAILAND

Two arrested for B300m crypto investment fraud

Online Reporters, Published on 15/05/2024

» Two suspects have been arrested for allegedly defrauding a businessman out of more than 300 million baht through an online scam investment in cryptocurrency.

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GENERAL

Superrich responds digitally to growing travel card threat

Business, Somruedi Banchongduang, Published on 15/05/2024

» Despite growth in foreign arrivals, Superrich Currency Exchange (1995) Co, a leading local money changer, recorded zero growth in transactions during the first four months of this year, primarily attributed to competition from travel card services.

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GENERAL

Baht likely to face near-term volatility

Nareerat Wiriyapong, Published on 13/05/2024

» The baht is likely to be volatile in the near term, pending clear signs from the US Federal Reserve (Fed) concerning interest rate cuts, with the Thai currency expected to slide to 37.25 baht to the dollar within 1-3 months, bouncing back to 36 to the greenback by yearend, says Kasikorn Research Centre (K-Research).