Showing 1 - 10 of 13
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.
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.
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.
Finno Efra preps for listing
Business, Somruedi Banchongduang, Published on 20/08/2024
» Krungsri Finnovate (KFin), the corporate venture capital arm of Bank of Ayudhya (Krungsri), has partnered with EfraStructure Co to launch a private equity trust aimed at supporting local startups and investing in tech startups across Asean.
UOB stands behind companies' regional expansion efforts
Business, Somruedi Banchongduang, Published on 15/08/2024
» UOB Thailand is committed to supporting large local corporations expanding into Southeast Asia to capitalise on the significant growth potential of regional economies, while also investing in domestic digital technology.
YouTrip eager to grow regional offerings
Business, Somruedi Banchongduang, Published on 10/08/2024
» YouTrip, the Singapore-based fintech firm, is evolving beyond being a travel card service after establishing itself as Southeast Asia's leading multi-currency digital payments platform, demonstrating the fastest growth in the region's business sector.
Foreign investors set to increasingly focus on Asean, Thailand
Business, Somruedi Banchongduang, Published on 06/08/2024
» CIMB Thai (CIMBT) anticipates increased opportunities for foreign direct investment (FDI) in Thailand due to the global trend of relocating manufacturing bases amid heightened US-China trade tensions.
Bank of Thailand plans to further relax foreign exchange rules
Business, Somruedi Banchongduang, Published on 02/08/2024
» The Bank of Thailand (BoT) plans to further ease foreign exchange regulations to support the ease of doing business and enhance the country's foreign exchange ecosystem in the long run.
LH Bank aims to increase ratio of Taiwanese loans
Business, Somruedi Banchongduang, Published on 26/07/2024
» LH Bank, a subsidiary of Land and House Financial Group (LHFG), aims to double the proportion of its Taiwanese loans over the next 3-5 years, driven by the expanding presence of foreign businesses in the Thai market.
Baht appreciation pressured by significant challenges
Business, Somruedi Banchongduang, Published on 13/07/2024
» The Thai economy's lower potential growth, a weaker current account surplus and increased capital outflows are pressuring baht appreciation over the longer term, say economists.