Showing 1 - 10 of 23
New finance minister a calming influence
Published on 29/05/2024
» SINGAPORE - Thailand’s new finance minister has caught investor attention with a more conciliatory approach to the central bank, opening a window for policy coordination to support the country’s battered markets.
Agency relies on festivals, large events
Business, Narumon Kasemsuk, Published on 29/05/2024
» The tourism sector remains robust despite GDP growth of only 1.5% in the first quarter, lower than regional peers, as the industry rebounded faster than other sectors, while the Tourism Authority of Thailand (TAT) plans to keep promoting festivals to maintain income for the whole year.
CGSI targets top 3 brokerage spot
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.
Power demand hits new record amid heatwave
Yuthana Praiwan, Published on 30/04/2024
» Electricity usage hit a new daily high of 36,700 megawatts on Monday, when temperatures averaged 35-38°C across the nation, peaking at 42°C, according to energy authorities.
Calculating the cost of war
Business, Published on 29/04/2024
» Currency depreciation, a surge in oil prices and a decline in purchasing power often result from geopolitical conflicts.
Srettha poised to step aside as finance minister
Bloomberg News, Published on 13/03/2024
» Prime Minister Srettha Thavisin will relinquish his role as finance minister, according to a media report, a change that may ease tension with Bank of Thailand (BoT) over monetary policy.
Delta lays out investment plans
Business, Nareerat Wiriyapong, Published on 13/03/2024
» Delta Electronics (Thailand), the country's largest electronics company by market capitalisation, is set to invest between US$500 million and $1 billion to expand its manufacturing and R&D capacity over a five-year period, with the majority to be allocated to Thailand, says chief executive Victor Cheng.
BoT chief rules out emergency rate meeting
Published on 21/02/2024
» Bank of Thailand Governor Sethaput Suthiwartnarueput sees no need for an emergency meeting to cut interest rates, reiterating that the problems weighing on the domestic economy won’t be solved by reversing monetary policy.
Central bank seen resisting rate-cut pressure
Bloomberg News, Published on 07/02/2024
» The Bank of Thailand (BoT) will probably keep its benchmark rate steady at more than a decade-high on Wednesday, resisting political pressure for a cut as the monetary authority is wary of lowering borrowing costs too soon.
Headwinds blow on Thai lenders amid interest rate row
Published on 31/01/2024
» The escalating tug-of-war between politicians and central bankers over interest-rate levels is clouding the outlook for local banks, setting the stage for a further exodus by foreign investors.