Showing 1 - 10 of 123
War worries put pressure on baht
Business, Nareerat Wiriyapong, Published on 23/04/2024
» The baht could weaken to around 37.20 baht to the US dollar later this week from its six-month low of 36.9 baht on Monday due to continuing concerns over the conflict in the Middle East, while US economic figures due this week are likely to support dollar strength, says Kasikorn Research Centre (K-Research).
World Bank to downgrade Thai growth estimate
Business, Nareerat Wiriyapong, Published on 07/03/2024
» The World Bank is lowering its economic growth forecast for Thailand this year to reflect the delay in fiscal budget disbursement and external risks, noting that Thai interest rates are appropriate, though the government should come up with targeted economic measures.
Gold price hits high amid global surge
Business, Nareerat Wiriyapong, Published on 05/03/2024
» The domestic gold price has hit an all-time high and is now on course to reach 38,000 baht per baht-weight this year as global prices have continued an upward trend to trade near the two-month high of more than US$2,080 per ounce, said the Gold Traders Association (GTA).
SET vows tougher rules on short selling, trading
Business, Nareerat Wiriyapong, Published on 23/02/2024
» The Stock Exchange of Thailand (SET) is planning to raise the market capitalisation requirement for securities eligible for short selling and triple the fines for violators of short selling rules.
K-Research: Baht may slip to 37 per dollar
Business, Nareerat Wiriyapong, Published on 21/02/2024
» The baht could slide to 37 to the dollar later this year as a weakening Thai economy and a delay in US interest rate cuts pressure the Thai currency, says Kasikorn Research Center (K-Research).
Baht expected to dive on US data
Business, Nareerat Wiriyapong, Published on 26/01/2024
» The baht could slide further, touching 36 to the dollar if US economic data released later this week indicates a resilient US economy and further delays to the Federal Reserve's trim of interest rates, says Kasikorn Research Center (K-Research).
Baht to strengthen against US dollar
Business, Nareerat Wiriyapong, Published on 04/01/2024
» The baht could strengthen to 33 to the US dollar in the near term as the market is convinced the US Federal Reserve will start cutting interest rates by as early as March, bringing back fund inflows to the Thai currency.
Fed rate cut poised to drive rebound of Thai bourse
Business, Nareerat Wiriyapong, Published on 13/12/2023
» The Federal Reserve is expected to start cutting interest rates in March 2024, prompting investors to accept more risk and invest in equities, driving a rebound of the Stock Exchange of Thailand (SET) next year, the Thai bourse said yesterday.
Gold price continues upward trajectory
Business, Nareerat Wiriyapong, Published on 24/11/2023
» Gold prices remain on an upward trend, and could possibly reach US$2,015 per ounce in the near term, although some periods of volatility are expected along the way, says the Gold Traders Association (GTA).
Funding Societies eyes strong growth
Business, Nareerat Wiriyapong, Published on 14/11/2023
» Funding Societies, Southeast Asia's largest unified SME digital finance platform, expects to grow loan provision to Thai small and medium-sized enterprises (SMEs) by a double-digit rate this year after granting loans worth 1.7 billion baht in the first 10 months.