Showing 1-10 of 143 results
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Analysts: Rate cut unlikely before Q2 of 2025
Business, Nareerat Wiriyapong, Published on 26/04/2024
» The Bank of Thailand is unlikely to lower interest rates until the second quarter of 2025, when the economy could hit a fiscal cliff after the impact of the 10,000-baht digital handout diminishes, as expectations grow that the Federal Reserve will keep US rates elevated for longer, say analysts.
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ASPS sees interest rate cut in June
Business, Nareerat Wiriyapong, Published on 24/04/2024
» The Bank of Thailand is expected to cut interest rates only once this year, at its June meeting, propping up the Stock Exchange of Thailand (SET) index from a low of about 1,350 points at present to a high of 1,450 points this quarter, according to Asia Plus Securities (ASPS).
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Economists predict reduction by mid-year
Business, Nareerat Wiriyapong, Published on 11/04/2024
» The Bank of Thailand is expected to start cutting the policy rate before mid-year as inflationary pressure has eased following six consecutive months of prices contracting, while the economy is underperforming, according to economists.
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Traders upgrade outlook for gold prices
Business, Nareerat Wiriyapong, Published on 05/04/2024
» Local traders have increased their forecasts for global and domestic prices of gold to US$2,350 and 40,500 baht, respectively, after the price of bullion set another record high of more than $2,300 an ounce on sustained demand from central banks and heightened geopolitical conflict.
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More baht depreciation
Business, Nareerat Wiriyapong, Published on 20/03/2024
» The baht is expected to slide further after falling below 36 to the US dollar on Tuesday as the Bank of Japan opted to hike the interest rate for the first time in 17 years, which failed to help Asian currencies.
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Allianz unit eyes 20% growth in corporate business
Business, Nareerat Wiriyapong, Published on 16/03/2024
» As the insurance industry expands, with new players entering the market and novel products being launched to capture consumer interest, insurance firms in Thailand have developed strategies to drive business growth.
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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.
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Local bourses extend trading hours
Business, Nareerat Wiriyapong, Published on 06/03/2024
» The Stock Exchange of Thailand (SET) and Market for Alternative Investment (MAI) are extending their daily trading hours from March 25, opening the afternoon session 30 minutes earlier, allowing trade on the two bourses for five hours per day.
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Insurance expected to flourish driven by auto, health policies
Business, Nareerat Wiriyapong, Published on 20/02/2024
» The insurance industry could outstrip the Thai economy in terms of growth this year, thanks mainly to health and auto policies, as there are headwinds that could pose risks to the country's GDP outlook, leading insurance executives say.
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K-Research calls for more stimulus steps
Business, Nareerat Wiriyapong, Published on 13/02/2024
» Thailand is not at risk of deflation but the economy needs additional government measures to stimulate domestic consumption as geopolitics, China's slowdown and the baht's fluctuation pose challenges to economic growth this year, says Kasikorn Research Centre (K-Research).
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