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Thailand: Chinas real-estate crisis pulls down the baht

The baht opened at 33.20 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.12. The Thai currency is likely to move between 33.10 and 33.25 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the default crisis of Chinese real estate companies might pressure the Asian currency […]

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‘International carriers have returned around 80 percent of their slots at Thailand’s airports’

The managing director of Airports of Thailand says international carriers have returned around 80 percent of their slots at Thailand’s airports. Nitinai Sirisamatthakarn says around 80 percent of slots between Oct 31 and March 26 next year have been returned, indicating that airlines are uncertain about any imminent recovery in the aviation sector. Airport slots […]

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Thailand: More secure payment needed

Related parties share a common view that the security bar must be further raised by both users and service operators to prevent cybercrime regarding online payment transactions. Panic broke out last week after scores of bank card holders, particularly those with debit cards, complained via social media that their money had been removed without their […]

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