The Bank of Thailand’s moves to counter hot-money inflows that have pushed the baht to a six-year high and the central bank’s vow to impose more measures if such speculative flows linger rattled the local currency and the stock market on Friday. The baht weakened to 30.91 per US dollar from 30.61 on Thursday after […]
Read MoreThe minimum wage hike has emerged as the latest hot potato for the ruling Palang Pracharath Party (PPRP) after labour groups piled pressure on the government not to backtrack on its election promise. Meanwhile, the Democrat Party has urged the government to adopt its income guarantee initiative to help achieve the target of raising the […]
Read MoreA World Trade Organisation (WTO) Panel has upheld the Philippines’ claims that Thailand has been violating international customs law. The dispute initiated by the Philippines in 2008 affects that nation’s exports of cigarettes to Thailand, according to a statement released on Friday at www.dti.gov.ph. Trade and Industry Secretary Ramon Lopez said: “This WTO dispute has been […]
Read MoreThe Thai Bond Market Association (ThaiBMA) will ask the Finance Ministry to relax the regulations for tax collection on debentures. The association found that the complicated measures have affected the returns of investors. They suggested that tax collection should begin on the date of issue as opposed to the day of holding, said Tada Phutthitada, […]
Read MoreThai GDP is forecast to expand by 3.3% this year as growth momentum is weighed by an economic slowdown and tepid private investment seen in the first quarter, says Citi Thailand. “There are downside risks for the economy as growth drivers from the public sector seem to dwindle,” said economist Nalin Chatchotitham. Full-year exports are […]
Read MoreThe Bank of Thailand (BOT) has decided to enhance measures to mitigate impact of short-term speculative flows and increase the reporting requirements for non-residents’ holdings of debt securities, BOT’s Assistant Governor for Financial Markets Operations Group Vachira Arromdee said on Friday. The details of the measures are as follows. 1) Enhance “Measures to Prevent Thai […]
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Thailand
