Showing 1-10 of 88 results
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Bank of Thailand to adjust rates amid changes: deputy chief
Reuters, Published on 23/04/2024
» WASHINGTON/BANGKOK: The Bank of Thailand (BoT), under pressure from the government to cut interest rates, could adjust monetary policy if the outlook for the economy changes and structural challenges clearly reduce its long-term potential growth, BoT deputy governor Alisara Mahasandana said.
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Association predicts gold hitting 40,000 baht in H2
Business, Nareerat Wiriyapong, Published on 29/03/2024
» Domestic gold prices could hit 40,000 baht per baht-weight after the Federal Reserve cuts interest rates later this year, according to the Gold Traders Association (GTA), as the price reached a new high of 37,950 baht on Thursday, approaching the group's previous target of 38,000 baht.
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Wage hikes stir discontent
Supoj Wancharoen, Published on 01/05/2024
» To mark International Labour Day on Wednesday, academics and labour activists have stepped up their calls on the government to increase minimum daily wages for workers nationwide following rises in parts of 10 provinces that took effect on April 13.
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Index falls for 18th month in a row
Business, Published on 01/05/2024
» A recent increase in domestic diesel prices is fuelling fresh concerns about inflation as Thailand's Manufacturing Production Index (MPI) fell by 5.13% year-on-year in March, attributed to the sluggish automotive industry, says the Office of Industrial Economics.
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How elections bring about a cycle of devaluation
News, Jeffrey Frankel, Published on 01/05/2024
» The proposition that major currency devaluations are more likely to come immediately after, rather than before, an election is being tested anew. In the biggest voting year in history, the implications could be far-reaching.
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Finance Ministry downgrades Thai growth forecast
Wichit Chantanusornsiri, Published on 29/04/2024
» The Finance Ministry on Monday downgraded its economic growth forecast to 2.4% for this year, down from its previous projection of 2.8% in January.
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Warning over minimum wage increase
Phusadee Arunmas, Published on 29/04/2024
» The University of the Thai Chamber of Commerce (UTCC) said that if the government raises the minimum daily wage to 400 baht nationwide, it may lead to GDP growing at at a rate below 2.6% and increase the rate of inflation to 3%, affecting consumer purchasing power.
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Tepid exports recovery add to Thailand, Vietnam’s currency woes
Published on 29/04/2024
» An unexpectedly weak exports performance in Asia’s emerging economies risks adding pressure to their currencies already hammered by a strong dollar and the Federal Reserve’s hawkish pivot.
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Calculating the cost of war
Business, Published on 29/04/2024
» Currency depreciation, a surge in oil prices and a decline in purchasing power often result from geopolitical conflicts.
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Asian shares get lift from US tech results
Business, Published on 27/04/2024
» RECAP: Asian shares rose yesterday, led by tech firms after strong earnings reports from Microsoft and Alphabet on Wall Street. But investors are becoming resigned to the idea that US interest rate cuts are probably many more months away.
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