On the back of increased risks to exports and government consumption and investment not accelerating as much as expected, Citi Research is lowering its 2019 and 2020 forecasts for Thailand from 4.0 to 3.8 and 3.9 to 3.8 respectively, said analyst Nalin Chutchotitham in a report on Monday. While domestic demand and tourism has so […]
Read MoreThe Stock Exchange of Thailand (SET) is considering extending the night trading period for gold futures to serve high demand for gold investment amid foreign exchange fluctuations and prospects of slower global economic growth. Rinjai Chakornpipat, managing director of the Thailand Futures Exchange (TFEX) and the SET’s senior executive vice-president, said the TFEX’s gold members have […]
Read MoreThe Thai Bankers Association or TBA expects to use digital ID by March this year, the association’s chairman of payment systems, Yos Kimsawate, said recently. He added that the first phase of digital ID will use electronic customer identification, or e-KYC, to open accounts, and could be in place as early as this March. A […]
Read MoreSINGAPORE: The baht is looking to repeat its performance as one of Asia’s best currencies last year. Today’s growth data will shed light on a key pillar of its recent strength and may help it stay in pole position at least through the first quarter. After being beaten by only the yen in 2018, the […]
Read MoreA mountain of debt continues to shackle purchasing power in Thai households as they grapple with a harsh reality amid sputtering economic conditions. Household debt to GDP rose marginally to 78% as of last year’s third quarter from 77.9% at year-end 2017, but the debt value has risen considerably to 12.56 trillion baht from 12.1 trillion, […]
Read MoreThailand looks set to announce an official plan to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a newly formed bloc of 11 Pacific Rim nations excluding the US, in March during Deputy Prime Minister Somkid Jatusripitak’s visit to Japan. Mr Somkid, who is scheduled to visit Sendai, Hokkaido and Tokyo in the middle […]
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