[BANGKOK] Thailand’s central bank on Wednesday unexpectedly cut its benchmark interest rate for the first time since 2015, which should support faltering growth and weaken the strong baht. The Bank of Thailand (BOT)’s monetary policy committee (MPC) voted 5-2 to cut the one-day repurchase rate by 25 basis points to 1.50 per cent – the […]
Read MoreThe depreciation of the Chinese yuan will affect the baht and Thailand’s export values for the rest of the year, which will force the Bank of Thailand to come up with measures to manage the currency, economists say. “The baht will fluctuate and even depreciate when foreign investors take their money out in response to […]
Read MoreWith the online shopping market expected to rise to 470 billion baht in three years, messaging app Line is embarking on an e-commerce platform called Line Shopping by providing a wide assortment of items from 15 major online marketplaces. The move is expected to affect similar platforms, such as RebateMango and Shopback, as well as […]
Read MoreCentral banks in emerging Asia are poised to cut interest rates as they bolster their economies against a wave of global threats. India and the Philippines are expected to cut rates by 25 basis points this week. Thailand, which is likely to keep borrowing costs unchanged on Wednesday, may signal its willingness to ease going […]
Read MoreChina weakened the yuan on Monday, sparking fears of further escalation in the Sino-US trade war and leaving Thai firms worried that they would suffer further before an agreement is reached. Thai exporters fear that China’s action may escalate the US-China trade war into a currency war and lead all countries into monetary easing to […]
Read MoreThe bourse regulators in Cambodia and Thailand this week announced plans to work together to boost their capital markets through cross-border listings and depositary receipts. For in depth analysis of Cambodian Business, visit Capital Cambodia During a meeting on Monday in Phnom Penh, Ruenvadee Suwanmongkol, secretary-general at the Securities Exchange Commission (SEC) in Thailand, and Sou […]
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