The Federation of Thai Industries (FTI) is calling for the Bank of Thailand’s Monetary Policy Committee (MPC) to re-evaluate hiking the policy interest rate, fearing harm to the private sector. The FTI is worried about the effects of the US Federal Reserve’s decision last week to increase its interest rate for the seventh time since […]
Read MoreThai exporters have made better use of free trade agreements (FTAs), as indicated by Thailand’s higher shipments to 17 trading partners under effective FTAs in the first four months the year. Adul Chotinisakorn, director-general of the Foreign Trade Department, said overall utilisation of FTAs increased by 20.3% year-on-year in the first four months to US$21.7 billion […]
Read MoreThe Bank of Thailand’s rate-setting panel does not need to follow in the footsteps of the US Federal Reserve by raising its policy rate, while the exodus of foreign investors is not worrisome, says Finance Minister Apisak Tantivorawong. Thailand has high foreign reserves and can cushion the impact of persistent capital outflows, he said. The slightly […]
Read MoreThe Hanoitimes – Platinum Victory has completed the purchase of 8.35 million shares in Vietnam Diary Products Company, known as Vinamilk, announced the fund. The shares purchased was part of the 14.51 million units Platinum Victory had registered to buy in from May 9 to June 7. However, due to the unfavorable conditions of the market, […]
Read MoreThe central bank is expected to leave its policy interest rate near the record low again on Wednesday to encourage more broadly-based economic growth at a time inflation remains low. All 21 economists in the poll predicted the Bank of Thailand (BoT)’s monetary policy committee (MPC), unlike some Asian central banks that have hiked this […]
Read MoreThe Hanoitimes – Vietnam`s vision of attaining high-income country status by 2035 means a move to a more sophisticated economy and export products necessary to sustain accelerated growth, said the World Bank`s latest report titled Taking Stock. Trade costs and competitiveness as reform priorities Vietnam reached the highest trade-to-GDP ratio in the developing world at 190% […]
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