Showing 1 - 10 of 14
Exchange rates tipped for shaky 2021
Business, Pathom Sangwongwanich, Published on 08/01/2021
» Volatility and malleability are key themes for this year's foreign exchange outlook, with the baht projected to appreciate further, fuelled by Thailand's surpluses in trade and current accounts, say economists.
Recovery unlikely until 2022
Business, Pathom Sangwongwanich, Published on 08/12/2020
» Thailand's economy is forecast for clear recovery momentum in 2022 as domestic demand will remain weak in 2021, says CIMB Thai Bank (CIMBT).
Fitch warns of steep path without tourists
Business, Pathom Sangwongwanich, Published on 08/10/2020
» Thailand's economy will face a daunting recovery trajectory if tourism does not improve, as economic growth is tied directly and indirectly to foreign tourist arrivals, says Fitch Ratings.
ASP: Slower growth and exports tether baht
Business, Pathom Sangwongwanich, Published on 09/06/2020
» The baht's appreciation is not expected to be as profound as last year's surge because a lower current account surplus is projected thanks to slower growth in exports and tourism, says Asia Plus Securities (ASP).
TU profits fall 20.2% in Q1 from foreign turmoil
Business, Pathom Sangwongwanich, Published on 06/05/2020
» SET-listed Thai Union Group (TU), a global seafood conglomerate, reported a 20.2% year-on-year fall in first-quarter net profit despite strong sales because of foreign exchange losses and lower equity income.
Bank of Thailand: More than one solution
Business, Pathom Sangwongwanich, Published on 03/03/2020
» Concerns over the economy entering a technical recession have overshadowed the importance of addressing possible adverse effects on employment from the Covid-19 outbreak, says the Bank of Thailand.
CPF staves off pork problems with Q3 profit surge
Business, Pathom Sangwongwanich, Published on 15/11/2019
» SET-listed Charoen Pokphand Foods (CPF), the agro-industrial and food conglomerate, reported a 23% rise in third-quarter net profit despite lower sales revenue, thanks to a recovery in pork prices and improved overseas aquaculture business.
ADB lowers outlook for GDP growth
Business, Pathom Sangwongwanich, Published on 19/07/2019
» Thailand's GDP is set to grow by less than 4% this year and next after the first-quarter growth downturn and the sharp export slowdown provided a backdrop of subdued momentum going forward, says the Asian Development Bank (ADB).
Wage hike could repel Chinese firms
Business, Pathom Sangwongwanich, Published on 04/07/2019
» A hike in the daily minimum wage could discourage Chinese manufacturers in labour-intensive industries from relocating their production base to Thailand, says a Chinese banking executive.
Fitch says full-year exports likely to avoid decline
Pathom Sangwongwanich, Published on 03/07/2019
» Despite flagging export data, Thai shipments are not expected to contract this year, as sustained global economic growth and exports to the US can compensate for sluggish exports to China, says Fitch Ratings.