Showing 1 - 10 of 14
Bank of Thailand stresses independence
Bloomberg News, Published on 20/09/2024
» Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput on Friday stressed the need for central bank independence in setting monetary policy amid a lengthy disagreement with the government over whether or not interest rates should be cut to support the economy.
Baht’s biggest rally since 1998 threatens tourism, exports
Bloomberg News, Published on 20/09/2024
» Thailand's baht is on course for its biggest quarterly gain since the Asian financial crisis, threatening to derail a recovery in the nation's key tourism and export industries.
Thailand to boost borrowing by 8% to $78 billion
Bloomberg News, Published on 17/09/2024
» The government plans to increase borrowing by 8% to about 2.6 trillion baht (US$78.2 billion) for the 2025 fiscal year starting on Oct 1, according to three market sources and a government presentation seen by Reuters.
Singapore, Malaysia officials met to advance talks on Johor deal
Bloomberg News, Published on 30/08/2024
» KUALA LUMPUR - Officials from Singapore and Malaysia met to advance discussions on a special economic zone in Johor, the city-state’s Trade Ministry said in a statement Friday.
Thailand bets on B500bn cash handout to revive economy
Bloomberg News, Published on 24/07/2024
» The government expects the rollout of a long-delayed cash handout to most adult citizens to help reverse a slump in economic activity and tackle the highest household debt in Southeast Asia.
Vietnam accelerating economic growth could hit 7%
Bloomberg News, Published on 06/07/2024
» HANOI - Vietnam's economic growth is accelerating and could meet or exceed the government’s 6.5% target this year, Planning and Investment Minister Nguyen Chi Dung said during the prime minister's cabinet meeting Saturday morning.
Rise in state debt won't crowd out private sector - Finance Ministry
Bloomberg News, Published on 04/07/2024
» Thailand has ample enough liquidity to handle a rise in government borrowing to fund the budget deficit and an almost US$14 billion cash handout, said Finance Ministry's public debt advisor Jindarat Viriyataveekul.
Central bank renews case to limit digital wallet scheme
Bloomberg News, Published on 19/06/2024
» The Bank of Thailand (BoT) remains firm in its opposition to a government plan to give 500 billion baht in cash to almost all its adult citizens to revitalise consumption activity, saying the prudent thing would be to limit assistance to the needy.
Government seeks tighter grip on central bank after clash
Bloomberg News, Published on 05/06/2024
» Prime Minister Srettha Thavisin's administration is discussing ways to exert more control over the Bank of Thailand (BoT) after repeatedly clashing with the monetary authority on economic policy, according to people familiar with the matter.
Parliament plans special session to fast-track budget
Bloomberg News, Published on 01/06/2024
» The parliament will convene a special session this month as Prime Minister Srettha Thavisin seeks to speed up approval of a budget bill to revive the country's economic growth.