Showing 1 - 8 of 8
Business, Nareerat Wiriyapong, Published on 31/05/2024
» SCB Chief Investment Office (CIO) believes reinstating long-term equity funds (LTFs) to promote long-term savings would help reduce volatility from short selling and curb capital outflow, bringing in net inflow of 40-50 billion baht to the Thai stock market.
Business, Nareerat Wiriyapong, Published on 28/05/2024
» Analysts are expecting the government to introduce more stimulus following the first meeting of economic ministers yesterday under the Srettha Thavisin-led administration, saying a digital wallet alone cannot revive the slowing economy.
Business, Nareerat Wiriyapong, Published on 24/05/2024
» Declining competitiveness for key export segments such as automobiles has kept Thailand from cashing in on improving global trade, according to analysts, as some start to downgrade shipment projections amid contracting manufacturing output and a slim private investment recovery.
Nareerat Wiriyapong, Published on 13/05/2024
» The baht is likely to be volatile in the near term, pending clear signs from the US Federal Reserve (Fed) concerning interest rate cuts, with the Thai currency expected to slide to 37.25 baht to the dollar within 1-3 months, bouncing back to 36 to the greenback by yearend, says Kasikorn Research Centre (K-Research).
Business, Nareerat Wiriyapong, Published on 11/05/2024
» CGS International (CGSI), China's second-largest securities firm, wants to be among the top three securities companies in Thailand by 2030, expanding its offerings and teaming up with local and regional partners.
Business, Nareerat Wiriyapong, Published on 09/05/2024
» Singapore-based United Overseas Bank (UOB) is preparing to downgrade Thailand's GDP growth forecast this year to 2.4% from 2.8%, though it expects the Bank of Thailand to trim interest rates twice to 2% by year-end to prop up the economy.
Business, Nareerat Wiriyapong, Published on 07/05/2024
» Local gold traders say global prices remain on course to reach US$2,500 per ounce in the second half of 2024, after slipping below $2,300 recently, although the market lowered expectations for US interest rate cuts to a maximum of two times this year, down from 3-4 earlier.
Business, Nareerat Wiriyapong, Published on 04/05/2024
» Analysts are downgrading GDP growth estimates for this year and next as the export outlook turns patchy, the manufacturing slump deepens, the tourism recovery is uneven and the likelihood of interest rate cuts by the Bank of Thailand this year seems limited.