The Bank of Thailand is still concerned the baht’s gain relative to trading partners’ currencies could affect the economy to a larger degree amid intensifying trade tensions, according to minutes of the rate-setting committee meeting on Aug 7. The committee believes financial markets will remain highly uncertain going forward because of various factors including prolonged […]
Read MoreIndonesia unexpectedly cut interest rates for a second straight month to spur an economy facing increasing risks from a global slowdown and intensifying trade war. Indonesia unexpectedly cut interest rates for a second straight month to spur an economy facing increasing risks from a global slowdown and intensifying trade war. Bank Indonesia lowered its seven-day reverse […]
Read MoreEconomic ministers are planning a “relocation package” to attract foreign companies looking to move their factories because of global trade tensions, officials said on Thursday. The Thai economy, Southeast Asia’s second-largest, grew at its weakest pace in nearly five years in the second quarter, on declining exports and soft investment. The relocation package will be discussed […]
Read More
Thailand
