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GENERAL

Thailand risks credit rating downgrade, opposition warns

Bloomberg News, Published on 26/09/2024

» Thailand runs a "very alarming" risk of credit rating downgrades if the government does not rein in its massive pile of debt to prop up Southeast Asia's second-largest economy, according to the country's biggest opposition group.

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GENERAL

Panel, NBTC vow to support printed circuit board industry

Business, Komsan Tortermvasana, Published on 26/09/2024

» A House of Representatives committee on higher education, science, research and innovation and the National Broadcasting and Telecommunications Commission (NBTC) have vowed to fully support the printed circuit board (PCB) sector as the core of the country's digital transformation.

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GENERAL

Vayupak subscriptions exceed ministry's offer

Business, Nuntawun Polkuamdee, Published on 25/09/2024

» Vayupak Fund subscriptions totalled 190 billion baht, exceeding the Finance Ministry's offering of 150 billion to the public from Sept 16-20, says Krungthai Asset Management (KTAM).

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GENERAL

Analysts raise year-end target for SET

Business, Nuntawun Polkuamdee, Published on 24/09/2024

» Stock market analysts project that the Stock Exchange of Thailand (SET) index will rise by year-end, along with gold prices due to economic weakness in the US and the US Federal Reserve (Fed) interest rate cut.

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GENERAL

All eyes on Thai 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.

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GENERAL

Forum promotes investment in Indonesia

Poramet Tangsathaporn, Published on 23/09/2024

» Indonesian and Thai companies can benefit more by investing in manufacturing supply chain industries, a forum was told.

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GENERAL

Where to look as rates dip

Business, Nuntawun Polkuamdee, Published on 23/09/2024

» After the Federal Reserve cut US interest rates for the first time in four years last week with more trims planned, positive sentiment pulsed for various assets.

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Minister courts British investors

Business, Phusadee Arunmas, Published on 23/09/2024

» Commerce Minister Pichai Naripthaphan invited British businesses to invest in Thailand, strengthening cooperation in trade and investment while identifying opportunities for a potential UK-Thailand free trade agreement (FTA) in the future.

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Outlook improves as traders await big fund buys

Business, Published on 21/09/2024

» The Stock Exchange of Thailand has broken through the 1,400-point resistance level this month and continues to climb, with consolidation at times. Blue chips such as ADVANC, GULF, banking and healthcare plays have continued to lead the gains since mid-August.

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GENERAL

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.