Thailand’s customs-based exports rose a faster than expected 10.5% in May from a year earlier, helped by more shipments of oil and passenger cars, according to customs department data. That compares with a forecast for a rise of 6.7% in May in a Reuters poll. Imports jumped 24.1% year-on-year in May, with a trade deficit […]
Read MoreThe Bank of Thailand (BoT) should urgently hike interest rate to prevent a further spike in inflation and ease the burden on low-income groups already reeling from the rising cost of living, according to Korn Chatikavanij, a former finance minister. The BoT should convene an emergency meeting of its Monetary Policy Committee to lift its […]
Read MoreFitch Ratings has affirmed Thailand’s credit rating at “BBB+” with a stable outlook, which is acceptable to the government, says government spokesman Thanakorn Wangboonkongchana. Fitch affirmed Thailand’s long-term foreign-currency issuer default rating at “BBB+” with a stable outlook, according to a release on June 21. Thailand’s ratings are underpinned by the country’s sustained external financial […]
Read MoreThe surging supply of cheap condos has been achieved through lower overheads, strict debt management and in-house construction, according to Regent Green Power, the largest developer of such inexpensive units. Nirat Yoopakdee, Regent Green Power managing director, said the company was able to develop condo units priced at or below 1.2 million baht in locations […]
Read MoreThe government is curbing imports of liquefied natural gas due to surging prices, potentially putting the country at risk of fuel shortages. State-run importers cut purchases of LNG from the spot market because of skyrocketing prices and limited availability, according to traders. And while they plan to boost purchases of cheaper alternatives, like diesel and […]
Read MoreThe baht opened at 35.33 to the US dollar on Thursday, strengthening from Wednesday’s close of 35.50. The currency is expected to move in a range between 35.25 and 35.50 on Thursday, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the baht advanced last night as the dollar declined, but the Thai currency is […]
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Thailand
