Showing 1 - 10 of 35
All eyes on the baht
Business, Published on 23/09/2024
» The direction of the Thai currency for the remainder of the year is critical for local industries after the Federal Reserve cut interest rates as expected last Wednesday, putting more pressure on the Bank of Thailand's Monetary Policy Committee (MPC), which has held steady on rates since last year.
Domestic factors to drive policy rate
Business, Somruedi Banchongduang, Published on 21/09/2024
» The Bank of Thailand is focusing primarily on domestic factors when considering adjustments to its policy rate, rather than following the US Federal Reserve's recent rate cut, according to the governor of the central bank.
Big names chase virtual bank licences
Published on 19/09/2024
» Competition for new virtual bank licences has intensified, with five major business groups confirming their intentions prior to the deadline for submissions on Thursday.
Thai industrial sentiment down on weak demand
Reuters, Published on 18/09/2024
» Industrial sentiment fell in August due to weak domestic demand, high production costs and floods, the Federation of Thai Industries (FTI) said on Wednesday.
Baht volatility against the dollar exceeds regional peers
Business, Somruedi Banchongduang, Published on 10/09/2024
» The baht has been exhibiting a greater degree of volatility against the US dollar than its regional peers, mainly due to market expectations of a US policy rate cut and Thailand's gold imports.
Malaysia Aviation Group to cut flight capacity by 20% this year
Published on 29/08/2024
» KUALA LUMPUR: Malaysia Aviation Group (MAG), the parent of national carrier Malaysia Airlines, said on Thursday it would reduce network capacity by 20% across its airlines this year amid a shortage of planes, labour and parts.
Central bank keeping tabs on baht movements
Published on 28/08/2024
» The Bank of Thailand is monitoring the movement of the baht as it strengthens against the US dollar, in line with several major regional currencies, influenced by both internal and external factors.
Malaysia starts 'luxury' durian exports to China as Indonesia sniffs the market
South China Morning Post, Published on 27/08/2024
» BEIJING - Malaysia's first shipment of fresh durian to the giant China market has arrived, vying for demand from eager consumers who are used to buying the spiky and pungent fruit from Thailand and Vietnam.
Baht set to rise against the dollar
Business, Somruedi Banchongduang, Published on 27/08/2024
» The baht is expected to strengthen against the greenback this week, potentially reaching 33.50-33.75 baht per dollar, following its rise to the highest level in 13 months. This appreciation is largely driven by the weakening dollar, which has been impacted by the US Federal Reserve's signal of a potential rate cut next month.
Traders on sidelines awaiting signals from Fed chief
Business, Published on 24/08/2024
» RECAP: Trade was subdued in most Asian stock markets yesterday while the dollar rebounded from one-year lows, as investors were cautious ahead of a major speech by US Federal Reserve chairman Jerome Powell.