Showing 1 - 10 of 38
US invasion adds support to strong local currency
Business, Nareerat Wiriyapong, Published on 06/01/2026
» The baht is expected to trade in a range of 31.00-31.85 to the US dollar this week, supported by a rally in global gold prices driven largely by the US invasion in Venezuela.
Central takeover of Dusit Thani wrangle continues
Business, Nareerat Wiriyapong, Published on 29/08/2025
» A takeover by Central Pattana Plc (CPN) would be considered a positive for Dusit Thani as shares of the SET-listed hospitality group soared significantly on Thursday, amid the intensifying rift between its major shareholders, say analysts.
Analysts project 2 more interest rate cuts
Business, Nareerat Wiriyapong, Published on 21/08/2025
» Analysts increasingly expect the Bank of Thailand to make two more interest rate cuts by the first quarter of 2026 to reduce the policy rate to 1%, aiming to revitalise the economy as economic and political risks accumulate.
Analysts upgrade earnings outlook for Thai Union Group
Business, Nareerat Wiriyapong, Published on 07/08/2025
» Analysts are upgrading earnings forecasts for Thai Union Group (TU), a leading global seafood producer, reflecting second-quarter financial results that were better than expected, a clearer idea of the impacts from US tariffs, and the likelihood of a deeper partnership with Mitsubishi Corp through a 6.65-billion-baht share acquisition.
Thai hotels face double whammy from US tariffs
Business, Nareerat Wiriyapong, Published on 15/05/2025
» Thai hotels are likely to face secondary effects from the US reciprocal tariffs as slowing tourist arrivals may cause hoteliers to cut prices or introduce more aggressive campaigns at home, while their overseas operations cannot escape the impact of the global economic slowdown.
Analysts estimate widespread tariff damage
Business, Nareerat Wiriyapong, Published on 04/04/2025
» Stock market analysts anticipate the US reciprocal tariff, which was higher than market estimates, could reduce Thai GDP by up to 1.2 percentage points, though a severe impact may prompt the Bank of Thailand cut interest rates to revitalise the economy.
Thai gold demand still powerful
Business, Nareerat Wiriyapong, Published on 29/01/2025
» Thailand's gold demand remains robust thanks to investor buying during times of economic and political uncertainty, while inflation and risks posed by Donald Trump's America-first agenda could drive demand for bullion further in 2025, says the World Gold Council (WGC).
Thaksin's power plan leads to stock fears
Business, Nareerat Wiriyapong, Published on 16/01/2025
» Former premier Thaksin Shinawatra's proposal to cut the electricity tariff has raised regulatory risks for energy and utility stocks, says CGS International Securities, as the China-owned brokerage slashed its year-end stock index target by 100 points to 1,530.
Brokerage sees Thai rates falling 1.5% this year
Business, Nareerat Wiriyapong, Published on 07/01/2025
» The Bank of Thailand is expected to cut the policy rate by 0.75 percentage points in 2025 due to challenging economic conditions and the government's limited funds to lift domestic consumption, says KGI Securities.
Strong baht barely dents Thai exports
Business, Nareerat Wiriyapong, Published on 27/09/2024
» Related strengthening of Asian currencies against the dollar has limited any adverse impact on Thailand's exports as the baht appreciates rapidly, reducing the urgency for the Bank of Thailand to quickly adjust interest rates, say analysts.