Showing 1 - 10 of 275
Rice soars to two-year high in Asia
Bloomberg News, Published on 11/07/2023
» Rice prices in Asia have surged to the highest level in more than two years as importers build up stockpiles on fears that the onset of El Niño will parch plantations and damage crops.
Bank of Thailand likely to raise policy rate next week
Bloomberg News, Published on 24/05/2023
» The Bank of Thailand (BoT) may raise the policy rate one last time at the end of the month after a steady pace of tightening since August helped bring inflation back to target in less than a year, according to analysts.
Bitcoin set for worst week since FTX crash
Bloomberg News, Published on 10/03/2023
» NEW YORK: Bitcoin is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating United States regulatory crackdown on crypto combine to hurt investor sentiment.
Megaprojects, tourism to propel growth, Arkhom says
Bloomberg News, Published on 28/02/2023
» A slew of billion-dollar infrastructure projects and an upswing in tourism will fuel Thailand’s expansion this year, shielding the economy from weaker exports and any possible delay in the budget approval due to elections, according to Finance Minister Arkhom Termpittayapaisith.
Stocks move sideways as foreigners unload on rate outlook
Bloomberg News, Published on 09/02/2023
» A rally in Thai equities that sent the benchmark SET Index to a fourth straight monthly gain in January is losing steam as foreign investors pulled out money for eight straight days, the longest stretch of withdrawals in more than seven months.
Southeast Asia factories fire up as China reopens
Bloomberg News, Published on 01/02/2023
» JAKARTA: Asia’s manufacturers are improving at the start of the year as the region becomes more optimistic about how China’s re-opening might help offset an otherwise gloomy outlook for the rest of the world.
Central bank rates seen peaking soon in SE Asia
Bloomberg News, Published on 13/01/2023
» MANILA: Southeast Asian central banks look like they are close to done fighting inflation using interest rates, with economists seeing the tightening cycle ending after 25- to 50-basis points of moves in the coming months.
Baht set for relief as current-account swings to surplus
Bloomberg News, Published on 02/11/2022
» A better-than-expected rebound in foreign tourist arrivals, lower oil prices and sliding shipping costs are brightening the outlook for Thailand’s current account, potentially offering a reprieve for the country's currency trading near a 16-year low.
Asia spent $50bn defending currencies from strong dollar
Bloomberg News, Published on 14/10/2022
» Asian governments spent about US$50 billion in foreign-exchange reserves last month -- the highest level since March 2020 -- to defend their currencies from a relentless advance in the dollar.
Bank of Thailand signals gradual moves after first hike since 2018
Bloomberg News, Published on 10/08/2022
» The Bank of Thailand (BoT) has signalled sticking with measured moves going forward to fight inflation without derailing the economic recovery, after raising the benchmark policy rate for the first time in more than three years.