BANGKOK: The Thai baht defied the “Sell in May” playbook and is heading for the top spot in in global emerging markets this month, driven in part by foreign inflows into the nation’s bond and stock markets. The currency has gained 0.3% against the U.S. dollar in May as of 11:06 a.m. in Bangkok, making […]
Read MoreThe baht defied the “Sell in May” playbook and is heading for the top spot in in global emerging markets this month, driven in part by foreign inflows into the nation’s bond and stock markets. The currency has gained 0.3% against the dollar in May as of 11.06am, making it the sole gainer among developing-nation […]
Read MoreThe Bank of Thailand is keeping close watch on a possible move by the United States to declare the country a currency manipulator, even though the kingdom is not currently on Washington’s watchlist, governor Veerathai Santiprabhob said on Wednesday. Mr Veerathai said the US decision not to include Thailand on the list showed that close cooperation […]
Read MoreThailand has moved up five places, from the 25th from the 30th position, in a World Competitiveness ranking due to improved economic performance, government efficiency and infrastructure. The International Institute for Management Development (IMD) of Switzerland rated 63 economies for their economic performance, government efficiency, business efficiency and infrastructure. Thosaporn Sirisamphand, secretary-general of the National Economic and […]
Read MoreThailand’s manufacturing production index (MPI) in April unexpectedly rose 2.03% from a year earlier, led by higher production of cars and air conditioners, the Industry Ministry said on Tuesday. That compares with a forecast fall of 1.0% in a Reuters poll, and against March’s revised 2.66% decline. Capacity utilisation was at 63.89% in April, down from […]
Read MoreChinese e-commerce giant Alibaba Group is vying to build up its footprint in Thailand by negotiating with WHA Corporation for the latter’s industrial estate land in Chachoengsao. The move would be Alibaba’s second major investment in Thailand and would leverage its supply chain in Asean. Last year Alibaba invested 11 billion baht in the government’s flagship Eastern […]
Read More
Thailand
