Thailand’s loss of trade privileges with US is credit negative

Thailand’s loss of trade privileges with US is credit negative

Thailand’s loss of trade privileges with US is credit negative The development is credit negative because Thailand’s export-oriented economy is in a difficult external environment given that a broad-based export slowdown and strong Thai baht are weakening the competitiveness of goods exporters and the country’s tourism industry. https://youtu.be/GK805y3uOmY Thailand’s loss of trade privileges with US…

Thailand prepares for cryptocurrency challenges

Thailand prepares for cryptocurrency challenges

Thailand prepares for cryptocurrency challenges Thailand is moving toward a cashless society. Bank notes and coins are set to become obsolete while transactions via electronic payments have increased over recent years. The plan to launch a new currency next year is ambitious and controversial, as Libra is scrutinized by central banks around the globe, including…

Thai central bank steps in to curb baht price’s surge

Thailand’s soaring baht reaches six-year high

Thailand’s soaring baht reaches six-year high In early 2019, the BOT did not seem concerned about the Thai baht’s appreciation, as a strong currency can actually benefit Thai importers and those who have foreign currency debts The Thai baht has been the best performing currency in emerging Asia since 2018. On a year-on-year basis, it…

Thailand’s biggest debt trap is not Chinese

Thailand’s dangerous debt addiction

Thailand’s dangerous debt addiction Thailand is now a top-ten highest household debt country among 89 countries worldwide and third highest among 29 Asian countries. Thailand’s household debt has steadily increased to 78.6% of the country’s gross domestic products (GDP), or Bt12.8 trillion in the fourth quarter of last year, according to figures from the National…

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…