The Thai Bankers’ Association vowed to adjust the interest rate gradually in a bid to minimise the impact on vulnerable customers and small and medium enterprises (SMEs) after the Monetary Policy Committee (MPC) decided on Wednesday to raise the policy rate by 25 basis points to 0.75 per cent. The MPC decided on the rate […]
Read MoreThe Federation of Thai Industries (FTI) does not agree with the Labour Ministry’s plan to enforce a new minimum wage hike on Oct 1, which is earlier than originally anticipated, as businesses will be flooded with too many financial burdens, notably a rise in the Bank of Thailand’s policy rate and higher electricity bills. Kriengkrai Thiennukul, […]
Read MoreThe baht opened at 35.35 to the US dollar on Thursday, strengthening from Wednesday’s close of 35.56. The currency is expected to move between 35.20 and 35.45 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht was likely to fluctuate and strengthen as the market was in a risk-on state […]
Read MoreInvestors from Thailand are mulling options to set up joint investments in Cambodia in some sectors, including processed food, agriculture, tourism, renewable energy, plastic, services, gems and jewellery. Around 60 businesspeople from Thailand visited Cambodia last week and the delegation held a discussion with the Minister of Industry Cham Prasidh. The business delegation termed its […]
Read MoreThe Bank of Thailand (BoT) raised its key interest rate for the first time in nearly four years on Wednesday, lifting it by a quarter point as expected to fight surging inflation as the economic recovery gains momentum. The central bank, which had been among Asia’s least hawkish central banks, finally joined most of its peers […]
Read MoreThe baht opened at 35.36 to the US dollar on Wednesday, strengthening from Tuesday’s close of 35.45. The currency is expected to move between 35.25 and 35.45 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht was likely to fluctuate and swing in a wide range amid two important factors […]
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Thailand
