Showing 1 - 10 of 156
Govt keen to dangle debt relief
News, Veera Prateepchaikul, Published on 24/03/2025
» Former prime minister Thaksin Shinawatra's recent idea to solve the problem of non-performing loans (NPLs) in the household debt sector is just a further extension of two similar programmes introduced by a previous Pheu Thai-led government to ease the financial burden of small debtors and SMEs.
Thai baht’s gold-fuelled rally is now at risk, strategists say
Published on 11/03/2025
» Thailand’s currency has received a boost this year from a rally in gold prices. But strategists warn that won’t be enough to protect it as tariff risks and interest-rate cuts start to bite.
Trump tariffs won’t yet force rate cut, says Bank of Thailand
Bloomberg News, Published on 04/03/2025
» Thailand's central bank defended its monetary policy stance as "robust" enough to withstand volatility from United States President Donald Trump's latest tariffs on trading partners, signalling that it may refrain from further easing after last week’s surprise cut.
SET index searches for a new bottom
Business, Published on 08/02/2025
» The SET index extended its decline in January, marking the third consecutive month of reductions following an October high of 1,506 points.
Binance trumpets baht-backed stablecoins
Business, Nareerat Wiriyapong, Published on 07/02/2025
» The government should consider issuing stablecoins backed by the baht for use within the country, including the proposed Phuket crypto sandbox, as fiat-backed stablecoins are less volatile than other digital assets, notably Bitcoin, says the Thai unit of Binance.
Bitcoin Visionary Acme Advocates BTC for Thailand’s Reserves
Published on 25/11/2024
» Amidst the global buzz surrounding Bitcoin, the world’s leading digital currency that recently hit a new all-time high of $99,000 (3,465,000 baht) per BTC on November 21, a major stir occurred in online and cryptocurrency investment communities. Worawat Narknawdee (Acme), with the moniker ‘Acme Traderist,’ announced his support for Bitcoin as a reserve asset of Thailand on his Acme Traderist – Worawat Narknawdee Facebook page. He posted: “If Thailand needs ‘Bitcoin’ (BTC) as a reserve fund, contact me via inbox,” accompanied by the hashtag #AcmeTraderist.
Baht too bold?
Oped, Postbag, Published on 31/10/2024
» Re: "Stronger baht eats into collection", (Business, Oct 30). The Thai baht has been strong for some months versus almost all other currencies.
Business group urges central bank for rate cut
Reuters, Published on 02/10/2024
» Thailand's leading business group on Wednesday urged the central bank to cut interest rates, backing the government's repeated calls for monetary easing, and flagged concern about the impact on exports from a rapidly appreciating baht.
Bank of Thailand holds key rate at 2.50%
Published on 21/08/2024
» The Bank of Thailand (BoT) left its key interest rate unchanged for a fifth straight meeting on Wednesday, as widely expected, despite a sluggish economy and fiscal policy uncertainty after the Constitutional Court dismissed Srettha Thavisin as prime minister last week.
Analysts see continued baht decline this year
Business, Nareerat Wiriyapong, Published on 28/06/2024
» The baht is likely to plunge to 37.25 to the US dollar in the short term, as Asian currencies slumped to their weakest level since 2022 amid continued outflows from both the Thai stock and bond markets, attributed to ongoing global volatility pending US interest rate cuts, say economists.