The Bank of Thailand (BOT) has issued a warning to financial institutions in Thailand to cease transactions that may counter measures to prevent speculation on the baht. BOT assistant governor for Financial Markets Operation Group Vachira Arromdee said that after more rigorously monitoring foreign exchange transactions, some financial institutions in Thailand were found to have […]
Read MoreThe Bank of Thailand is mulling requests made by six financial institutions to offer their own e-marketplace platforms, viewed as an effort to gain a first-mover advantage in online financial services to guard market share ahead of the full-scale entry of technology and payment behemoths. Five of the institutions are banks and the other is […]
Read MoreThe property market is expected to grow by 5-10% this year, led by the condominium sector and driven by myriad positive factors, say experts. Atip Bijanonda, president of the Housing Business Association, said the purchasing power of potential buyers remains strong this year, particularly in Greater Bangkok, while banks are starting to lend to more […]
Read MoreFinansia Syrus Securities has partnered with VN Direct Securities, Vietnam’s top online brokerage firm, to allow Thai investors to directly invest in Vietnamese securities via an online trading platform. Chief executive Chuangchai Nawongs said the company is the only domestic brokerage firm providing direct online equities trading on the Hanoi Stock Exchange and the Ho […]
Read MoreThai small and medium-sized enterprises (SMEs) are expected to survive the negative impact of the daily minimum wage hike, as many have shifted to rely more on information technology, robots and online shopping, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC). Thanavath Phonvichai, vice-president for research at the […]
Read MoreTHAILAND’S Finance Ministry has projected higher economic growth for this year, predicting a growth rate of 4.2 per cent and upgrading its economic forecast to 4 per cent for 2017. In its monthly and quarterly economic reports, the Fiscal Policy Office yesterday revised upward its forecast for last year’s growth rate to 4 per cent, […]
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