Sugar production in Thailand, a top exporter of the sweetener, is heading for a three-year high after an end to two years of drought-like weather conditions improved crop prospects. Output may reach 10 million tonnes by the end of the current crushing season on March 31, according to Thai Sugar Millers Corp. The mills produced […]
Read MoreS&P Global Ratings downgraded its ratings on 4 Thai banks, as it expects systematic risks have increased for banks operating in Thailand, it said on Tuesday (Mar 22). The credit ratings agency lowered its ratings on Siam Commercial Bank and Kasikornbank to “BBB” from “BBB+” and Krung Thai Bank and TMBThanachart Bank to ‘”BBB-” from […]
Read MoreSeven online delivery platforms confirmed on Monday that they would not raise their delivery charges despite rising energy prices caused by the Russia-Ukraine conflict to help reduce the cost of living. Speaking after meeting operators of Shopee, Lazada, Grab Food, Lineman, Foodpanda, Robinhood and AirAsia Food on Monday, Wattanasak Sur-iam, director-general of the Internal Trade […]
Read MoreThe Securities and Exchange Commission (SEC) is looking to govern the issuance, listing and trading of ready-to-use utility tokens on local digital asset exchanges, with an emphasis on information transparency, to enhance protection for investors. Any issuer who seeks to list its utility token on digital exchanges for fundraising purposes will be required to submit an […]
Read MoreThe baht opened at 33.62 to the US dollar on Tuesday, weakening from Monday’s close of 33.54 to its lowest level in two months. Krungthai Bank market strategist Poon Panichpibool said he expected the Thai currency to move between 33.50 and 33.75 during the day. Poon predicted the baht would weaken and swing sideways in […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) is expected to keep its policy rate at the historically low level of 0.5% throughout this year to maintain economic momentum, according to economists. The US Federal Reserve is projected to raise its policy rate multiple times throughout this year. Last week the Fed hiked its benchmark […]
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Thailand
