Showing 1 - 10 of 140
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.
IMF sees Thai GDP growth at 2.7% this year, 2.9% in 2025
Published on 27/11/2024
» Thailand's economic growth is projected at 2.7% this year and 2.9% next year, reflecting planned fiscal stimulus measures and a pickup in public investment, the International Monetary Fund (IMF) said.
Joseph Stiglitz: A Path to Freedom for a Better Economy and Society
Published on 22/10/2024
» Joseph Stiglitz, a world-renowned economist and Nobel Prize winner in Economics in 2001, is a visionary expert in economics. His work on Asymmetric Information Theory earned him the Noble Prize. This theory analyses how capitalism and market mechanisms, where information is unevenly distributed, influence decision-making by buyers and sellers, leading to economic and social inequality, and preventing sustainable economic development.
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.
KKP wary on baht outlook despite uptick
Business, Published on 07/06/2024
» The baht has posted a short-term gain, rising to a two-week high of stronger than 36.5 to the dollar on Thursday, but Kiatnakin Phatra Financial Group (KKP) warns the Thai currency could depreciate because of Thailand's structural problems.
K-Research expects central bank to stay the course on rates
Business, Nareerat Wiriyapong, Published on 04/04/2024
» Despite growing market anticipation of monetary policy easing, Kasikorn Research Center (K-Research) is ruling out the possibility of a Bank of Thailand (BoT) policy rate cut at its April 10 meeting amid growing concerns about a weakening baht.
Thailand gains access to XTransfer platform
Business, Suchit Leesa-nguansuk, Published on 28/03/2024
» XTransfer, a Chinese fintech unicorn, has expanded its business-to-business (B2B) cross-border trade payment platform to Thailand to capitalise on global trade conducted by small and medium-sized enterprises (SMEs).
Financial crisis looms over Thailand
Oped, Chartchai Parasuk, Published on 25/01/2024
» The definition of an "economic crisis" is much debated in Thailand. This is because one of the requirements for enacting the emergency fiscal borrowing decree is that the economy must be in crisis.
CEOs voice concerns for 2024
Business, Post Reporters, Published on 02/01/2024
» Thailand is projected to post slow economic growth in the near future compared with pre-pandemic rates. Several public and private agencies have GDP forecasts for 2024 ranging from 3-3.4%, excluding implementation of the government's digital wallet scheme.