Showing 1 - 10 of 13
Speculation bumps up baht
Business, Somruedi Banchongduang, Published on 12/11/2022
» The baht surged to its strongest level in almost three months on Friday after China eased some of its quarantine rules for travellers and speculation the United States Federal Reserve would be less aggressive with its rate hikes.
Baht set to rise until end of 2021
Business, Somruedi Banchongduang, Published on 10/12/2020
» The baht's appreciation is poised to continue until year-end 2021 as a result of the weaker US dollar and Thailand's current account surplus, with an export recovery potentially tempered by the strong local currency, says a research house.
Tax restructure projected for 2021
Business, Somruedi Banchongduang, Published on 13/11/2020
» The Finance Ministry plans to implement tax restructuring next year in an effort to offset lower tax income and shift the economic structure because of the effect of the pandemic crisis.
BoT predicts two-year recovery path
Business, Somruedi Banchongduang, Published on 15/07/2020
» Thailand's economy is expected to take two years to fully recuperate, assuming there is widespread administration of a coronavirus vaccine, says the Bank of Thailand's chief.
BoT measures slow baht speculation
Business, Somruedi Banchongduang, Published on 01/10/2019
» Baht speculation has been declining after the central bank's recent measures to manage local currency movement and a policy rate cut, says the Bank of Thailand.
Somkid: BoT taming baht independently
Business, Somruedi Banchongduang, Published on 11/07/2019
» The government has given the Bank of Thailand a free hand in dealing with the baht's rapid gain, says Deputy Prime Minister Somkid Jatusripitak.
Thailand sidesteps US watch list
Business, Somruedi Banchongduang, Published on 30/05/2019
» Although Thailand managed to avoid a place on the US watch list for currency manipulation, the Bank of Thailand is still wary on the matter after the US Treasury tightened its criteria, says the central bank's chief.
BoT prepares for US manipulation listing
Business, Somruedi Banchongduang, Published on 17/05/2019
» Bank of Thailand governor Veerathai Santiprabhob has acknowledged the possibility that the US will add Thailand to a watch list for currency manipulation because of a high current account surplus, but not for stepping into the foreign exchange market for trade advantages.
Baht set to rise until end of month
Business, Somruedi Banchongduang, Published on 16/05/2019
» The upside gain for the baht, Asia's strongest performing currency this year, is limited after rallying since the beginning of this month, propelled by the escalating trade tension between the US and China, says a senior official at Kasikornbank (KBank).
Bank of Thailand denies baht trickery
Business, Somruedi Banchongduang, Published on 14/05/2019
» The Bank of Thailand insists it has not manipulated the baht to gain an advantage in exports amid speculation Thailand could be added to the US's expanded watch list for currency manipulation.