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BUSINESS

BoT warns public about Onecoin currency

Business, Pawee Sirimai, Published on 28/04/2017

» The Bank of Thailand has warned people to avoid investing in illegal digital currency called Onecoin, which spreading is in the country, saying it cannot be used as legal tender.

BUSINESS

Escap estimates protectionism damages

Business, Pawee Sirimai, Published on 02/05/2017

» Trade protectionism could shave 0.4-1.2% growth from Asia-Pacific (APAC) developing economies if it is widely adopted, says the United Nation Economic and Social Commission for Asia and the Pacific (Escap).

BUSINESS

Small firms more dour

Business, Pawee Sirimai, Published on 04/05/2017

» The expectations of small and medium-sized enterprises (SMEs) for the second quarter have deteriorated to below the 50-point mark that splits optimism from pessimism for the first time in three years, according to a quarterly survey by TMB Analytics.

BUSINESS

Economist: Business environment central to FDI growth

Business, Pawee Sirimai, Published on 05/05/2017

» Thailand should put more effort into improving the business environment to attract foreign direct investment instead of creating further tax incentives, says an economist.

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BUSINESS

Baht rally 'short term'

Business, Pawee Sirimai, Published on 29/03/2017

» The baht's further upside bias to the 34 baht-mark to the US dollar is seen as a short-term run on the back of persistent offshore fund inflows, largely to the Thai bond market, prompted by a perception that the local currency is a safe haven, says a senior official at Phatra Securities.

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BUSINESS

MPC raises GDP growth view

Business, Pawee Sirimai, Published on 30/03/2017

» The Bank of Thailand's Monetary Policy Committee (MPC) yesterday raised its 2017 economic growth forecast to 3.4% from 3.2% predicted three months ago because of a stronger export outlook, as it kept the policy rate unchanged at 1.5% as widely expected.