The number of Thai cryptocurrency trading accounts has fallen by 67% since January, according to the Securities and Exchange Commission (SEC). The sharp decline in active trading accounts, from 707,000 last December to 230,000 on July 25, stemmed from poor market sentiment resulting from macroeconomic policies, including interest rate increases, quantitative tightening, and economic slowdown. […]
Read MoreThe baht opened at 36.26 to the US dollar on Thursday, strengthening from Wednesday’s close of 36.28. The currency is expected to move between 36.10 and 36.30 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the currency market is in a risk-on state and might provide the dollar with support to […]
Read MoreThailand’s leading joint business group said on Wednesday the economy is still expected to grow 2.75% to 3.5% this year, helped by increased exports and tourism, but it faces rising inflationary pressures. Exports are expected to increase 6% to 8% this year, up from a previous forecast rise of 5% to 7%, while foreign tourist […]
Read MoreThe national shippers’ group looks set to raise its export growth forecast next month after the country registered a robust export growth of 12.7% in the first half, boosted by rising global food demand, higher prices and the baht’s weakness. Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council, said the council sees exports showing […]
Read MoreThe currency of Southeast Asia’s second-largest economy traded against the greenback at 36.08 on Monday, appreciating 1.4% compared to a week prior. The Bangkok Post takes a deep dive into what caused the rebound and the implications for the economy. Q: What forces are driving the rebound? Since the beginning of this year, the baht has […]
Read MoreNational oil and gas conglomerate PTT Plc has decided to sell its Indonesian coal mining business for US$471 million as the firm continues to move towards clean energy. “It is the right time for the sale as global coal prices have risen since the end of last year,” said Auttapol Rerkpiboon, chief executive and president […]
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Thailand
