Thailand’s central bank is ready to take additional steps to rein in the currency, Deputy Governor Mathee Supapongse said. The Bank of Thailand and the government remain concerned about the baht’s appreciation and continue to discuss the issue, Mr Mathee told reporters in Bangkok Tuesday. The bank’s foreign-exchange intervention has helped to boost reserves and curb the baht, he […]
Read MoreAny measures authorities take to curb gains in the currency will not disrupt the “market mechanism” of the baht, Finance Minister Uttama Savanayana said on Monday. There are additional steps that can be taken to “rebalance the baht,” such as increasing outbound investment, Mr Uttama said in an interview at the Asian Financial Forum in […]
Read MoreMyriad negative factors, including lower exports, widespread drought, baht strength, political uncertainty and poor business sentiment have prompted the University of the Thai Chamber of Commerce (UTCC) to lower its economic growth forecast to 2.8% for this year. Thanavath Phonvichai, the UTCC’s president, said the domestic political situation is the business sector’s biggest concern because […]
Read MoreThe value of the projects applying for tax privileges at the Board of Investment (BOI) last year reached Bt756.1 billion, exceeding the Board’s target of Bt750 billion. The BOI reported the figures to Deputy Prime Minister Somkid Jatusripitak on Monday (January 13). The number of applications last year was 1,624, of which 506 were for […]
Read MoreThe next round of US-China trade negotiations, the Middle East situation and key economic data will affect the baht’s value this week, says Kasikornbank (KBank). The Bank of Thailand will hold a press conference tomorrow on the monetary policy and baht exchange rate situation, amid concerns of the baht remaining strong. Last week, the baht […]
Read MoreBangkok Bank (BBL) expects to make payment for its acquisition of Indonesia’s PT Bank Permata in the third quarter this year. The deal is seeking approval from both the Bank of Thailand and its Indonesian counterpart and the process is expected to be completed soon, said Chansak Fuangfu, executive director and senior executive vice-president. BBL […]
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