Showing 1 - 5 of 5
Measures lined up to revive stock market
Nuntawun Polkuamdee, Published on 21/05/2024
» Three capital market organisations will meet on Tuesday to reach a final conclusion on the tax-deductible funds they want to propose to the Finance Ministry, hoping to revive investments in good fundamental stocks in the Thai stock market.
Baht likely to face near-term volatility
Nareerat Wiriyapong, Published on 13/05/2024
» The baht is likely to be volatile in the near term, pending clear signs from the US Federal Reserve (Fed) concerning interest rate cuts, with the Thai currency expected to slide to 37.25 baht to the dollar within 1-3 months, bouncing back to 36 to the greenback by yearend, says Kasikorn Research Centre (K-Research).
1,370 seen as a critical point for the SET
Published on 04/05/2024
» The Stock Exchange of Thailand experienced significant volatility in April. In the second week, the SET index broke above the key resistance zone between 1,400 and 1,405 after testing it for three months, reaching a monthly high of 1,411.
Bitcoin slumps as Fed vows to keep rates steady longer
Business, Nuntawun Polkuamdee, Published on 03/05/2024
» Bitcoin tumbled to a two-month low of around US$57,000 after Federal Reserve chairman Jerome Powell remarked that interest rates are likely to stay higher for longer as the central bank tries to stamp out stubborn inflation.
Bank of Thailand needs to communicate
News, Editorial, Published on 29/04/2024
» Prime Minister Srettha Thavisin's decision to meet key figures from Thailand's major commercial banks to discuss the possibility of cutting interest rates last week raised a lot of eyebrows. It was highly unusual for a prime minister to appeal directly to commercial banks to change interest rates, as the nation's financial institutions generally follow the rates prescribed by the Bank of Thailand (BoT).