Showing 1 - 10 of 32
Top five business news stories of 2024: Sealing deals
Business, Published on 25/12/2024
» The outlook for Thai small businesses this year was not prosperous, as the economy continued to grow at a sluggish pace.Some large companies outperformed others, but often they were forced to adjust their structures and increase liquidity through major transactions.Notable deals included the separation of the food and real estate businesses within the Sirivadhanabhakdi family, as well as the year-end investment by CP Axtra, under Charoen Pokphand (CP) group, in the Happitat mall at Forestias, also under the CP umbrella.Several other corporations wrapped up deals in a bid to strengthen their position.
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.
Worldwide IT outage was digital red flag
Business, Published on 29/07/2024
» The worldwide IT outage on July 19 caused by a faulty software update issued by cybersecurity firm CrowdStrike Holdings has served as a wake-up call to local organisations that it's time to ensure their systems are better prepared to deal with the unexpected.
Scam losses ‘topped B60bn in last two years’
Published on 13/06/2024
» The Bank of Thailand is stepping up a crackdown on so-called mule accounts used in online financial fraud after bank customers lost more than 60 billion baht to such scams in the past two years.
Thailand unscathed by Western banking turmoil
Business, Published on 27/03/2023
» Most economists from the public and private sectors expect the ongoing US and European banking crisis to have a limited effect on the Thai banking sector thanks to the solid fundamentals of local banks and the strong supervision of the Bank of Thailand.
Speculation bumps up baht
Business, Somruedi Banchongduang, Published on 12/11/2022
» The baht surged to its strongest level in almost three months on Friday after China eased some of its quarantine rules for travellers and speculation the United States Federal Reserve would be less aggressive with its rate hikes.
Fallout from an 'economic war'
Business, Published on 19/09/2022
» Thailand's customs-cleared export value continued to expand for a 17th consecutive month in July, but the growth rate slowed to 4.3% year-on-year after robust gains of 11.9% in June, 10.5% in May, 9.9% in April and 19.5% in March, which was the highest level since records began in 1991.
Lockdown worries rife
Business, Somruedi Banchongduang, Published on 22/12/2020
» Thailand's GDP could see a steep contraction similar to the second-quarter decline if nationwide lockdown measures are imposed to contain a fresh round of outbreaks, says the World Bank.
Predee bombshell hits baht trading
Business, Published on 02/09/2020
» The baht experienced a sudden depreciation against the US dollar on Tuesday after Finance Minister Predee Daochai submitted his resignation less than a month into his tenure.
BoT predicts two-year recovery path
Business, Somruedi Banchongduang, Published on 15/07/2020
» Thailand's economy is expected to take two years to fully recuperate, assuming there is widespread administration of a coronavirus vaccine, says the Bank of Thailand's chief.