The Bank of Thailand said on Saturday that it has been in the foreign-exchange market to reduce volatility in the baht, which is hovering at 16-year lows against the dollar. The baht has fallen by 11.7% against the US dollar this year, which the central bank says had been driven by dollar strength. However, the […]
Read MoreEconomic recovery in Thailand remains intact but slow, so monetary policy tightening should be gradual to ensure a smooth recovery while fighting surging inflation, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on Saturday. Southeast Asia’s second-largest economy is expected to return to its pre-coronavirus pandemic growth rates late this year or early next, Mr Sethaput […]
Read MoreManufacturers want the government to amend laws to allow them to produce and sell electricity from renewable energy sources in order to reduce dependence on expensive fossil fuels, in line with the global clean energy trend, says the Federation of Thai Industries (FTI). Their calls for renewable energy to be promoted are based on a recent […]
Read MoreBanks began to raise interest rates in response to the Bank of Thailand’s policy rate hike to 1% on Wednesday. Kasikornbank (KBank) said on Friday it will raise the minimum lending rate (MLR) and minimum overdraft rate (MOR) by 0.25%, effective from Oct 3. After the hike, the bank’s MLR will rise to 5.72% per year […]
Read MoreThailand stayed put at 43rd out of 132 economies in the Global Innovation Index 2022, released by the World Intellectual Property Organization, while the country’s gross expenditure on R&D (GERD) financed by business and exports of creative products tops this year’s ranking. The report gauges the innovation performance of countries while highlighting strengths and weaknesses. Thailand […]
Read MoreThe Bank of Thailand believes politics should not affect the economy, which is showing signs of further recovery in the second half. For domestic political risks, the central bank is concentrating on fiscal budget disbursement, which is continuing. Functioning fiscal and monetary policies have supported the economic rebound, said the central bank’s senior director Chayawadee […]
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