Showing 1 - 8 of 8
Baht set to keep rising in Q1 alongside surge in bullion
Business, Somruedi Banchongduang, Published on 27/01/2026
» Standard Chartered Bank (Thai) expects the baht to continue to appreciate against the US dollar in the first quarter of this year, in line with rising global gold prices.
Foreign currency deposits post healthy uptick in 2023
Business, Somruedi Banchongduang, Published on 05/03/2024
» Foreign currency deposits (FCDs) experienced a robust surge last year, driven by enticing interest rates resulting from global interest rate hikes.
World Bank cuts Thai growth to 3.4%
Business, Somruedi Banchongduang, Published on 03/10/2023
» The World Bank trimmed Thailand's economic growth forecast for this year and 2024 based on anticipation the country's exports would contract due to easing global demand. Tourism and private consumption are the key fuel driving economic growth.
Exploring efforts to ease dollar volatility
Business, Somruedi Banchongduang, Published on 24/05/2023
» Regulations have limited growth of yuan-baht trade payment even as the central banks of Thailand and China have encouraged local currency settlement for quite some time.
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.
BoT sounds out forex dealers on gold quotation in US dollars
Business, Somruedi Banchongduang, Published on 05/06/2020
» The Bank of Thailand has sought the opinion of foreign exchange dealers on whether to shift gold price quotation to US dollars for exports, imports and related activities, and whether to scale back issuance or temporarily scrap sales of short-dated bonds in a bid to curb the baht's rapid gains.
Local market seen as potential bond hub
Business, Somruedi Banchongduang, Published on 11/06/2018
» Thailand has high potential to be a fund-raising hub for bonds issued by neighbouring countries as demand grows for fund mobilisation in line with robust Asean economic growth, says Standard Chartered Bank.
CIMBT forecasts weaker baht in Q2
Business, Somruedi Banchongduang, Published on 12/05/2018
» CIMB Bank Thai (CIMBT) forecasts a weaker baht this quarter, weighed down by persistent foreign capital outflows following US policy rate hikes.