The interest rate cut by the central bank on Wednesday is too little and too late, according to one analyst, while another analyst forecast that it will be the last cut for this year. Amornthep Chawala, head of research at CIMB Thai, said the Bank of Thailand (BOT)’s decision to cut the key interest rate […]
Read MoreWe reiterated our intention to work towards the completion of the India-Myanmar-Thailand Trilateral Highway Project and its extension to Cambodia, Lao PDR and Viet Nam, said a source from the statement of the 16th ASEAN-India Summit in Bangkok, Thailand. The Trilateral Highway project includes three new major bridges, repair and strengthening of four existing major […]
Read MoreThailand’s battle to keep its surging currency at bay is increasing the odds of a second interest-rate cut this year. The Bank of Thailand’s Monetary Policy Committee is set to reduce its benchmark policy rate on Wednesday by 25 basis points to 1.25%, matching a record low, according to 16 of 26 economists in a […]
Read MoreThe Bank of Thailand’s monetary policy committee voted on Wednesday (November 6) to cut its key policy rate by 25 basis points to 1.25 per cent. It is the second rate cut this year after a 1.5-per-cent trim in August, which was the first cut in four years. Today’s committee meeting saw five members vote […]
Read MoreSET-listed Thai Union Group Plc (TU), a global seafood conglomerate, reported a 20.6% year-on-year plunge in third-quarter net profit as sales were affected by the baht’s appreciation. The company reported a net profit of 1.37 billion baht, down 9.2% quarter-on-quarter. “The decline was mostly driven by weak sales as a result of foreign exchange volatility […]
Read MoreThailand’s English proficiency has fallen for the third year in a row, according to the annual English Proficiency Index conducted by the global education company EF Education First. The report showed Thailand dropped to 74th out of 100 countries with a score of 47.62, which is considered “very low” proficiency. In 2018, Thailand ranked 64th […]
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