Showing 1 - 10 of 3,465
Waiting for the dominoes to fall
Business, Post Reporters, Published on 17/07/2023
» Thai politics stands at a crossroads as an attempt to form a new government by eight coalition parties was blocked by military-appointed senators during the vote for a premier in parliament last week.
Skills-based compensation mooted
Business, Lamonphet Apisitniran, Published on 17/07/2023
» Pledges to hike the daily minimum wage made by major political parties during their election campaigns raised the hopes of blue-collar workers, but sparked grave concerns among businesses.
Oil Prices Predicted to Recover Amidst Global Economic Rebound
Published on 14/07/2023
» The average price of ICE Brent crude oil in the second quarter of 2023 (April 1 - June 30, 2023) remained stable at $77.75 per barrel, indicating tighter supply in the market compared to the previous quarter. Following the OPEC and its allies (OPEC+) meeting on April 3, 2023, a consensus was reached to reduce crude oil production by 2 million barrels per day until the end of 2023. Additionally, several countries, including Saudi Arabia, the United Arab Emirates, Kuwait, Oman, Iraq, Algeria, Kazakhstan, and Gabon, volunteered to implement additional production cuts totalling 1.16 million barrels per day from May to December 2023. Furthermore, Russia extended its planned production cut by 500,000 barrels per day from March to June 2023 until December 2023. As a result, the total production reduction from May to December 2023 stands at 3.66 million barrels per day.
Hire-purchase lenders call for rate hike
Business, Somruedi Banchongduang, Published on 11/07/2023
» The Thai Hire-Purchase Association (THPA) has asked the Office of the Consumer Protection Board (OCPB) to increase the maximum interest rate for hire-purchase loans as the business is being affected by rising rates.
Krungsri anticipates uptick in baht volatility
Business, Somruedi Banchongduang, Published on 07/07/2023
» Bank of Ayudhya, which markets itself as Krungsri, predicts the baht will be more volatile amid several uncertainties both internal and external.
Panel trims export growth forecast
Business, Lamonphet Apisitniran, Published on 06/07/2023
» Dim economic prospects over the next six months have caused the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) to cut its export growth forecast to -2% this year, down from -1%.
Heng to maintain rates through 2024
Business, Somruedi Banchongduang, Published on 06/07/2023
» Heng Leasing and Capital Plc expects to maintain its maximum interest rate through next year even as the central bank raises rates because of the company's loan portfolio adjustment.
BoT considers rate cuts amid debt crisis
Business, Somruedi Banchongduang, Published on 06/07/2023
» The Bank of Thailand is mulling cutting interest rates to help people struggling with debt to exit from a pernicious cycle, says a central bank executive.
SCB-Julius Baer sets out global outlook
Business, Published on 05/07/2023
» SCB-Julius Baer Securities Co recently organised an exclusive seminar for its ultra-high-net-worth clients titled "Market Outlook 2023: Opportunities Amidst Uncertainty".
Analysts downgrade target for Thai bourse
Business, Nuntawun Polkuamdee, Published on 05/07/2023
» The Investment Analysts Association (IAA) has revised down its estimate for the Stock Exchange of Thailand (SET) index this year to 1,630 points from 1,707, indicating domestic politics, interest rates and geopolitics are still factors to monitor in the third quarter.