Loans from the Bank for Agriculture and Agricultural Cooperatives (BAAC) in the first quarter of its accounting year expanded at a lower rate than the same period the previous year, attributed to a slowing economy, says president Tanaratt Ngamvalairatt. BAAC’s accounting year begins April 1 and ends on March 31. The bank lent 1.16 billion […]
Read MoreThe Covid-19 pandemic has put the Thai government in a bind, having to choose between saving lives and protecting their livelihoods. Since March last year, Thailand has announced several economic stimulus packages in phases, covering cash handouts to severely affected persons, farmers, vulnerable groups and welfare cardholders; domestic tourism promotion; personal income tax reduction; employment […]
Read MoreExports rose more than expected in July but Thailand’s biggest coronavirus outbreak to date and movement restrictions are likely to impact shipments in August and September, , Commerce Minister Jurin Laksanawisit said on Monday. That compares with a forecast for a rise of 19.7% in July in a Reuters poll and after a rise of […]
Read MoreThe baht opened at 33.30 to the US dollar on Monday, strengthening from last week’s closing rate of 33.36. The Thai currency is likely to move between 33.25 and 33.40 during the day and between 33.00 and 33.50 this week, Krungthai Bank market strategist Poon Panichpibool said. Poon predicted the baht would move sideways as […]
Read MoreThe Phnom Penh Special Economic Zone Plc (PPSEZ) is working towards a cross-listing in Thailand. If approved, PPSEZ would become the first Cambodian firm to be cross-listed abroad. It would also mark the first time Thai regulators would allow a foreign firm to be traded on the Stock Exchange of Thailand (SET). “We heard about […]
Read MoreFinance Minister Arkhom Termpittayapaisith says there is no need for the government to borrow additional money to combat the pandemic because the existing 500-billion-baht loan is sufficient. On Monday, Bank of Thailand governor Sethaput Suthiwartnarueput said at a press event the government should add at least 1 trillion baht in the economic fight against the […]
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Thailand
