Showing 1 - 10 of 442
Domestic factors to drive policy rate
Business, Somruedi Banchongduang, Published on 21/09/2024
» The Bank of Thailand is focusing primarily on domestic factors when considering adjustments to its policy rate, rather than following the US Federal Reserve's recent rate cut, according to the governor of the central bank.
Bank of Thailand chief says local focus key to growth
Business, Somruedi Banchongduang, Published on 14/09/2024
» Domestic resilience and the strength of the local economy will be key to sustaining Thailand's economic growth in the long term, especially amid a slowdown in foreign direct investment (FDI), according to the Bank of Thailand chief.
Baht volatility against the dollar exceeds regional peers
Business, Somruedi Banchongduang, Published on 10/09/2024
» The baht has been exhibiting a greater degree of volatility against the US dollar than its regional peers, mainly due to market expectations of a US policy rate cut and Thailand's gold imports.
Private sector upbeat on sentiment
Business, Somruedi Banchongduang, Published on 05/09/2024
» A leading business group is optimistic the new government will improve public sentiment thanks to its unity and stability.
Baht appreciates to below 35 per dollar
Business, Somruedi Banchongduang, Published on 15/08/2024
» The baht appreciated to below 35 per US dollar, driven by a weakening greenback as the market expects a Federal Reserve rate cut following the release of recent US economic data.
To cope with credit risk, Thai banks focus on asset quality
Business, Somruedi Banchongduang, Published on 12/08/2024
» Large local banks anticipate their corporate clients will face heightened challenges in the second half of this year because of global uncertainties and concerns about a potential US recession.
YouTrip eager to grow regional offerings
Business, Somruedi Banchongduang, Published on 10/08/2024
» YouTrip, the Singapore-based fintech firm, is evolving beyond being a travel card service after establishing itself as Southeast Asia's leading multi-currency digital payments platform, demonstrating the fastest growth in the region's business sector.
Bank of Thailand urges banks to help SMEs sustainably transition
Business, Somruedi Banchongduang, Published on 08/08/2024
» The Bank of Thailand (BoT) is encouraging financial institutions to support small and medium-sized enterprises (SMEs) in transitioning to sustainable business practices.
Baht faces volatility with US under pressure to cut rates
Business, Somruedi Banchongduang, Published on 07/08/2024
» The baht is expected to experience higher volatility and a weaker trend this week, pressured by uncertainties surrounding the US dollar and the Federal Reserve's monetary policy direction.
Foreign investors set to increasingly focus on Asean, Thailand
Business, Somruedi Banchongduang, Published on 06/08/2024
» CIMB Thai (CIMBT) anticipates increased opportunities for foreign direct investment (FDI) in Thailand due to the global trend of relocating manufacturing bases amid heightened US-China trade tensions.