The depreciation of the yuan against the US Dollar will not significantly impact the baht’s strength, but will cause investor sentiment to drop and leading to an outflow of capital from Thailand’s stock market, market experts and economists agree. On Monday morning, the yuan depreciated by 7 per cent against the US dollar, marking the […]
Read MoreVeerathai Santiprabhob, Governor of the Bank of Thailand (BOT), and his counterpart, Le Minh Hung, Governor of the State Bank of Vietnam (SBV) signed two Memoranda of Understanding during the bilateral meeting on 5 August 2019 in Hanoi, aiming to promote banking and financial cooperation in the following two critical areas. 1. The MOU on […]
Read MoreThe Bank of Thailand and the Thai Bankers’ Association plan to sign an agreement on five directives for responsible lending, including debt-service ratio (DSR), to take effect from next January. The guidance is aimed at keeping a lid on the country’s swelling household debt, which is a threat to financial stability. The five directives entail […]
Read MoreThe decline in the number of Japanese expatriates in Thailand is bringing about a change in the nature of demand for rental apartments in Bangkok, although the performance of the sector overall remains healthy. The number of Japanese in Thailand decreased last year to less than 20% of all expats for the first time. As […]
Read MoreA full draft of the new town plan for the Eastern Economic Corridor (EEC) sailed through the approval process on Monday of the EEC Policy Committee chaired by the premier. Monton Sudprasert, director-general of the Public Works and Town & Country Planning Department, said following the endorsement, the draft would be submitted to the cabinet […]
Read MoreJapanese investors have urged the government to continue key economic policies including megaproject developments, the Eastern Economic Corridor (EEC) and the Thailand 4.0 initiative. On Monday Deputy Prime Minister Somkid Jatusripitak met with Shinji Nakano, president of the Japanese Chamber of Commerce (JCC), Bangkok, who called for government stimulus measures as soon as possible. “I […]
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