Showing 1-10 of 143 results
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Currency nosedives amid more seasonal fluctuations
Business, Somruedi Banchongduang, Published on 23/03/2024
» The baht plunged against the US dollar on Friday, primarily influenced by external factors, with seasonal fluctuations expected to exert continued pressure on the local currency, potentially weakening to 37 per dollar during the second quarter.
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Ttb rules out sale of bad debts
Business, Somruedi Banchongduang, Published on 06/03/2024
» Despite a higher level of non-performing loans (NPLs) in the industry, TMBThanachart Bank (ttb) has no plans to sell its bad debts this year as potential buyers are offering relatively low prices.
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Baht strengthens as Fed expected to stay put
Business, Somruedi Banchongduang, Published on 31/01/2024
» The baht gained against the softening US dollar as some investors expect the US Federal Reserve to maintain its policy rate at its meeting scheduled for this week.
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Bank of Thailand comfortable with current interest rates
Business, Somruedi Banchongduang, Published on 16/01/2024
» The Bank of Thailand (BoT) says the existing policy rate remains appropriate for economic recovery, while inflation is projected to stay within the target range.
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Baht set to rise next week
Business, Somruedi Banchongduang, Published on 18/11/2023
» The baht is expected to rise to 35 to the US dollar next week as the greenback weakens after investors forecast an end to Federal Reserve rate hikes.
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YouTrip eyes regional growth
Business, Somruedi Banchongduang, Published on 27/10/2023
» YouTrip, Southeast Asia's leading multi-currency digital payments platform, is planning on regional growth following economic gains in the area since the pandemic.
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Central bank chief prepares for meeting with Srettha
Business, Somruedi Banchongduang, Published on 30/09/2023
» The Bank of Thailand governor is ready to meet the prime minister following the central bank's policy rate hike and its decision to cut the GDP forecast for 2023.
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Baht expected to continue its slide
Business, Somruedi Banchongduang, Published on 22/09/2023
» Economists are warning the baht will weaken further throughout this month and next because of higher volatility in money and capital markets worldwide after the US Federal Reserve's hawkish comments about its benchmark interest rate.
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TMBThanachart Bank decides not to raise its rates for now
Business, Somruedi Banchongduang, Published on 08/09/2023
» TMBThanachart Bank (ttb) has no plans to increase interest rates on loans following the latest policy rate hike by the central bank last month, aiming to support the debt payment ability of retail customers.
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As growth slows, BoT trims 2023 projection
Business, Somruedi Banchongduang, Published on 06/09/2023
» The Bank of Thailand reduced its growth projection for 2023 this month after GDP and the inflation rate were lower than forecast.
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