Thailand: BoT move on rising baht Thursday, 18 Aug 2016 – The Bank of Thailand has been using policy tools, including intervention in the currency market, to curb the rapid baht rise, says a senior central bank official. “The central bank has managed the baht value accordingly and [currency] intervention is one of its tools, […]
Read MoreThailand: Land prices expected to drop when new tax law enters force next year Tuesday, August 16, 2016 – LAND PRICES will drop by as much as 10 per cent next year after the land and building tax becomes effective, Pruksa Real Estate chief executive officer Thongma Vijitpongpun has forecast. “Most landlords who hold land […]
Read MoreThailand: Thai growth dips in Q2 Tuesday, 16 August 2016 – THAILAND’S economic growth slowed in the three months to June, new figures released yesterday showed, days after a string of bomb and arson attacks struck the country’s crucial tourism sector. High household debt, weakening exports, slumping foreign investment and low consumer confidence have cramped […]
Read MoreThailand: Thai baht races to highest in over 1 year after solid Q2 GDP Monday, 15 August 2016 – Thailand’s baht turned firmer to hit its strongest level in more than one year after data showed the economy expanded faster than expected. The baht gained as much as 0.2 per cent to 34.685 per US […]
Read MoreThailand: Thailand’s economy expanded more than expected in second quarter Monday, 15 August 2016 – Thailand’s economy grew more than analysts estimated in the second quarter as the military government accelerated spending on road and rail projects to help offset weak demand for the nation’s exports. Gross domestic product expanded 3.5 per cent in the […]
Read MoreThailand: Post-Brexit offshore fund inflows to strengthen the baht Friday, 12 Aug 2016 – Kasikornbank (KBank) has revised upward its year-end forecast for the baht to 35.50 against the US dollar from the prior 36.20, citing a wave of offshore fund inflows in the wake of Brexit. Britain’s vote to leave the EU and the […]
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