Thai economy continued to recover in December but remained uneven, says Bot In December 2020, the Thai economy continued to recover but remained uneven. The new wave of COVID-19 outbreak emerged in the end of this month has been starting to affect some economic activities. Although private consumption indicators remained in expansion, the new wave…
Bank of Thailand says being on US currency “watchlist” won’t have a “material impact” Thailand being added to the United States Treasury’s “watchlist” for suspected currency manipulation won’t impact foreign trade and investment too much, the Bank of Thailand says. Now that Thailand is on the “monitoring list,” US government says it will keep “close attention” on…
Standard and Poor’s maintain Thailand’s credit rating at BBB+ The agency is confident in Thailand’s finances, in spite of measures needed to respond to COVID-19, resulting in a deficit for 2020-2021 and hiking state debt. BANGKOK (NNT) – Standard and Poor’s credit rating agency has kept its level of confidence in Thailand at BBB+, in…
Thai economy continued to improve in July, says Bank of Thailand In July 2020, the Thai economy continued to improve, driven by public spending and the relaxation of lockdown measures both in Thailand and abroad, said Bank of Thailand. In July 2020, the Thai economy continued to improve, driven by public spending and the relaxation…
Moody’s downgrades Thailand’s rating outlook to stable from positive The decision to change the outlook to stable reflects Moody’s view that the drivers of the outlook change to positive last July have become significantly less likely to materialize. Singapore, April 21, 2020 — Moody’s Investors Service (“Moody’s”) has today changed its outlook on the Government…
Moody’s Sets APAC Sovereigns Outlook to Negative for 2020 19 of Moody’s 25 rated APAC sovereigns have stable outlooks, while four have negative outlooks and two have positive outlooks Moody’s Investors Service says in a new report that its outlook for APAC sovereign creditworthiness in 2020 is negative, underpinned by slower economic growth, a turbulent…
Corporate debt market in Thailand well positioned for further growth Brazil, China, South Africa and Thailand are best-placed for corporate debt market growth says Moody’s Investors Service in a report that analyzed trends in 35 emerging markets. Corporate debt markets in Brazil (Ba2 stable), China (A1 stable), South Africa (Baa3 negative) and Thailand (Baa1 positive)…
BOT relaxes rules to Curb Strong Baht the Bank of Thailand (BOT) decided to relax regulations to facilitate capital outflows to help promote capital flow balance and lessen pressure on the baht. The Thai baht has been under pressure due to imbalanced capital flows in the current environment of highly uncertain and volatile external conditions,…
Large Thai business feeling the effects of US-China trade war, rise of the baht So what do Thailand’s big banks say? The ongoing US-China trade war and the appreciation of the Thai baht against other currencies is now starting to impact larger corporates in Thailand. Wasin Saiyawan, senior executive vice president and chief of wholesale…
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…