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Thailand pushes yuan, ringgit use to curb baht volatility

Bloomberg News, Published on 08/08/2023

» Thailand plans to promote the use of yuan and other Asian currencies in trade and investments to curb wild swings in the baht against the United States dollar, according to a central bank official.

BUSINESS

Prasarn sees policy space to cut rate

Bloomberg News, Published on 20/02/2014

» SYDNEY — Thailand has scope to cut interest rates even as policy makers debate the effectiveness of lower borrowing costs on growth hurt by political unrest, central bank governor Prasarn Trairatvorakul said.

BUSINESS

PTTEP profit up 11%

Bloomberg News, Published on 29/04/2013

» PTT Exploration & Production (PTTEP), Thailand's biggest publicly traded oil and gas explorer, reported a profit that exceeded most analysts' estimates in the first quarter as prices and sales volume increased.

BUSINESS

Baht, bonds set for weekly advance

Bloomberg News, Published on 15/03/2013

» Thailand’s baht was poised for its fourth weekly advance and government bonds rose as global funds boosted holdings of local debt after Fitch Ratings raised its assessment of the Southeast Asian nation.

BUSINESS

Growth quickens on local demand

Bloomberg News, Published on 18/02/2013

» Thailand's economic growth accelerated in the fourth quarter on rising exports and local demand, reducing pressure on the central bank for further interest-rate cuts.