Thai Baht currency control mulled by central bank

Thai Baht currency control mulled by central bank

Thai Baht currency control mulled by central bank The Industry Minister proposed measures to help business owners, such as the promotion of Thai Baht as a currency for international trade to reduce the risks from US Dollar currency fluctuation BANGKOK, 15th August 2019 (NNT) – The Minister of Industry has held talks with the Bank…

Thai central bank seen holding fire after December hike

BOT cuts key rate from 1.75 to 1.50 percent

BOT cuts key rate from 1.75 to 1.50 percent The Thai economy was expected to expand at a lower rate than previously assessed and below potential due to the slowdown of trading partner economies and global trade For the first time since 2015, the Bank of Thailand cut its benchmark interest rate on Wednesday, by…

Bank of Thailand sends a ‘warning shot’, but little impact

Moody’s changes Thailand’s rating outlook to positive from stable

Moody’s changes Thailand’s rating outlook to positive from stable The affirmation of Thailand’s Baa1 ratings reflects the country’s very strong public and external finances that provide Thailand significant room to counter shocks. Moody’s Investors Service (“Moody’s”) has today changed the outlook on the Government of Thailand’s issuer ratings to positive from stable and affirmed the…

SCB cuts GDP growth forecast to 3.1%

SCB cuts GDP growth forecast to 3.1%

SCB cuts GDP growth forecast to 3.1% The EIC has revised downwards its Thai economic expectations in 2019 to 3.1 percent from 3.3 percent, largely as a result of the trade war between the United States and China Bangkok, (NNT) – Government investment remains the main factor in steering the economy as the trade war…

Thai central bank seen holding fire after December hike

April economic and monetary reports (BoT)

April economic and monetary reports (BoT) The number of tourists has grown at 3.3% year-on-year with increased visitor numbers from ASEAN, India, Japan, and Europe, while the number of Chinese tourists is still in decline. Despite the effects of the trade war, the Thai domestic consumption figures, government investments, and the tourism sector still all…

Bank Of Thailand Feels “No Pressure” To Change Policy Rate

Bank Of Thailand Feels “No Pressure” To Change Policy Rate The governor of the Bank of Thailand downplayed risks to the economy from the country’s disputed recent election FILE PHOTO: Thailand’s Central Bank Governor Veerathai Santiprabhob is seen during an interview with Reuters at the Bank of Thailand headquarters in Bangkok, Thailand March 14, 2018.…

Maybank analyses SET’s current performance

The Stock Exchange of Thailand on Friday moved in a narrow range, driven by strong continued buying pressure on CPAll and other domestic players led by ICT stocks like Intouch, True and the industrial estates WHA, Amata and CPN. However, global plays stocks continued to sell, led by PTTGC, IVL and TOP. The index closed…