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BUSINESS

BAY: US dollar fall to shore up baht in 2020

Business, Nuntawun Polkuamdee and Pathom Sangwongwanich, Published on 13/12/2019

» The baht's value is expected to continue its upward trend, reaching 29.25 against the US dollar in next year's final quarter as the greenback assumes a path to depreciation, says Bank of Ayudhya (BAY).

BUSINESS

Bangkok jumps up cost-of-living table

Business, Published on 12/12/2019

» Bangkok has leapt 43 places and entered the top 50 most expensive locations in the world for the first time, largely because of the strong baht, according a survey by ECA International, which advises on management and compensation for employees being assigned around the world.

BUSINESS

Aviation heading for a better year: IATA

Kamolwat Praprutitum, Published on 11/12/2019

» GENEVA: The global airline industry is likely to deliver an improved profit of $29.3 billion next year despite a ‘miserable year’ this year for many airlines, according to the International Air Transport Association (IATA).

BUSINESS

All eyes on Lagarde's ECB debut this week

AFP, Published on 09/12/2019

» FRANKFURT AM MAIN - Christine Lagarde delivers her first monetary policy announcements as ECB president on Thursday, with observers set to scrutinise every word for hints of the bank's future direction at a time of stuttering eurozone growth.

BUSINESS

Tesco may sell Thailand, Malaysia businesses

Agencies, Published on 09/12/2019

» LONDON: Britain's biggest supermarket chain Tesco said on Sunday it had started a review of its businesses in Thailand and Malaysia, including looking at a possible sale.

BUSINESS

Consumer confidence lowest in 67 months

Post Reporters, Published on 06/12/2019

» The consumer confidence index fell to 69.1 in November, the lowest in 67 months, on concerns about politics and the economy, the University of the Thai Chamber of Commerce reported on Friday.

BUSINESS

JSCCIB holds out hope for 2020 growth

Business, Lamonphet Apisitniran, Published on 05/12/2019

» Business operators are optimistic about the economic outlook for recovery in 2020, driven by the government's budget disbursement and stimulus measures to beef up investment and consumption.

BUSINESS

Border trade, tourism seen as fuel for 2020 growth

Lamonphet Apisitniran, Published on 04/12/2019

» Business operators are optimistic about the economic outlook recovering for 2020, driven by the government’s budget disbursement and stimulus measures to beef up investment and consumption.

BUSINESS

Baht concerns abound

Business, Oranan Paweewun, Somruedi Banchongduang & Lamonphet Apisitniran, Published on 02/12/2019

» More than two decades ago, the baht suffered heavy devaluation as a result of speculation, forcing Thailand's central bank to de-link the local currency from the US dollar and adopt a managed floating exchange rate.

BUSINESS

Oil prices tumble ahead of Opec meeting, global stocks fall

AFP, Published on 30/11/2019

» NEW YORK: Oil prices tumbled Friday on expectations Opec next week won't take aggressive action to boost oil prices, while global equities pulled back on trade war worries.