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Thai, Singapore central banks ink fintech cooperation agreement, update MoU on banking supervision

The Bank of Thailand and the Monetary Authority of Singapore on Tuesday signed a FinTech Cooperation Agreement and updated a Memorandum of Understanding on Banking Supervision, according to their joint statement. The two documents were signed on the sidelines of the biennial “BOT-MAS Bilateral Meeting”, hosted on this occasion by MAS in Singapore.  The FinTech Cooperation Agreement aims to […]

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Thailand: Consumer confidence dips for second month in a row

The Thai consumer confidence index (CCI) fell for the second straight month in June, weighed down by poor farm product prices and concerns about a slower-than-expected economic recovery, according to a survey by the University of the Thai Chamber of Commerce (UTCC).  The UTCC survey showed that consumer confidence index declined to 74.9 points in June, […]

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Thai-Cambodia trade forum delayed

The commerce ministers of Cambodia and Thailand yesterday agreed to delay a planned 2017 forum on trade. The meeting between Commerce Minister Pan Sorasak and his Thai counterpart Apiradi Tantraporn was held to discuss preparations for the Cambodia-Laos-Myanmar-Vietnam-Thailand (CLMVT Forum) 2017. But the two ministers agreed to push the forum to early 2018, while also […]

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The conundrum of low Thai inflation

Subdued inflation in recent years might raise concern about the health of the Thai economy in general. In the past three years, inflation in Thailand has been almost the lowest among Asean countries. A casual observer might blame this on the tepid economy, leading to weak demand that has subsequently reduced price pressure.  However, before jumping […]

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Thailand, K-Research: GDP to grow 3.4%

Kasikorn Research Center (K-Research) expects economic growth to hit 3.4% this year, an improved outlook based on signs that exports and domestic consumption have increased.  The research house raised its estimate for the first half to 3.3% from 3.1% due to higher-than-expected export growth in the first five months, said head of research Nattaporn Triratanasirikul.  […]

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Thailand: MPC lifts economic growth, export outlook

The Bank of Thailand’s Monetary Policy Committee (MPC) yesterday raised its 2017 economic growth forecast slightly to 3.5% from 3.4% earlier predicted after revising up export growth to 5%, but kept the policy rate unchanged at 1.5%.  The rate-setting committee lifted its Thai economic growth outlook due to robust exports, said Jaturong Jantarangs, assistant governor of […]

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