Showing 1 - 10 of 10
Business, Pathom Sangwongwanich, Published on 17/08/2015
» The Bank of Thailand would let market mechanisms determine the baht's value rather than weaken it despite pressure from the recent yuan devaluation.
Business, Published on 23/02/2015
» Recap: Global stock markets shrugged off anxiety over Greece's debt problems before a resolution late Friday spurred Wall Street to new highs. With most markets in Asia closed for Lunar New Year, the Thai stock market fell slightly on profit-taking after failing to breach the resistance at 1,620 points.
Jon Fernquest, Published on 20/05/2013
» Interest rates lower in other countries, so Thai banks borrow there in dollars causing baht to rise in value making Thai exports less competitive.
Jon Fernquest, Published on 30/03/2012
» Everyone wants a weak baht for cheap competitive exports, but there is a limit to what can be done point out central bank bank head & economists.
Jon Fernquest, Published on 14/02/2012
» Bank deposit tax hike from 0.4% to 0.47% (0.01% for deposit insurance, 0.46% for lingering 1997 crisis debt). Same tax for state & commercial banks now.
Jon Fernquest, Published on 25/01/2012
» Politicians dump 1997 crisis debt on banking sector with tax on bank deposits (govt banks exempt) law made in cabinet, not parliament.
Jon Fernquest, Published on 22/11/2011
» Central bank rejects idea of swapping safe US T Bills for govt bonds in foreign exchange reserves. Better govt borrows locally at low long-term rates.
Jon Fernquest, Published on 26/09/2011
» The Bangkok of Thailand and Finance Ministry, a husband & wife who should keep their arguments private, Dr Puey Ungphakorn once reflected.
Jon Fernquest, Published on 01/09/2011
» Singapore and China use them. Is it time to be more creative in how foreign reserve holdings are invested?
Jon Fernquest, Published on 01/12/2010
» Loan defaults mushroomed in 1997 and the government has to pay it all back now, but the central bank objects that monetary policy is its rightful job.