Showing 1 - 10 of 114
Baht at 19-month high against US dollar
Business, Published on 24/09/2024
» The baht surged to a 19-month high against the dollar, driven by a weaker US currency and profit-taking in gold.
The science of Moo Deng
Life, Published on 24/09/2024
» Hardly anyone knew about Moo Deng, a baby pygmy hippo that recently became an internet sensation. Then renowned local and international media outlets like Time magazine, the BBC, The Guardian and Forbes have featured cute stories about Moo Deng.
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.
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.
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.
US can't rely on inflation shamanism
News, Published on 23/09/2024
» Google "shamanism" and you will find that it is "a tradition of part-time religious specialists who establish and maintain personalistic relations with specific spirit beings through the use of controlled and culturally scripted altered states of consciousness." Every element of that definition applies to monetary policymaking today, as illustrated by the reaction to the US Federal Reserve's Sept 18 decision to cut the short-term interest rate by 50 basis points.
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.
Asian shares extend rally sparked by Fed
Business, Published on 21/09/2024
» RECAP: Asian shares extended their rally yesterday in the afterglow of an outsized US interest rate cut, while the yen edged higher as the Bank of Japan held rates steady and stayed upbeat on the economy.
Analyst sees Bank of Thailand as likely to copy Fed
Business, Published on 20/09/2024
» The Federal Reserve's large interest rate cut of 0.5 percentage points this week, the first reduction in four years, could pave the way for the Bank of Thailand to slash its policy rate in December, says CIMB Thai Bank chief economist Amonthep Chawla.
Asian markets cheer big US rate cut
Published on 19/09/2024
» Asian stocks surged on Thursday after the Federal Reserve made its first interest rate cut in four years a big one, creating what analysts say should be a path to a soft landing for the US economy.