Thai baht is set to weaken following foreign capital outflows from the stock and bond markets. The Thai baht today is traded at Bt35.13 per US dollar, gaining nearly 2 per cent since the beginning of this year. Maybank Kim Eng Securities (Thailand) expects a reversal of the trend this month due to tightening by […]
Featured News from Thailand
Living in Thailand has increasingly become a popular choice for adventurers, global nomads and overseas retirees alike. While the reasons for living in Thailand may be manifold and individual, the most obvious ones refer to the weather in the kingdom, the delicacies of Thai food, Thai culture and hospitality and of course, the moderate cost […]
Major banks and the Stock Exchange of Thailand (SET) have warned that investors should keep a close watch on efforts to resolve the European Union’s escalating sovereign-debt problems, as the crisis could affect the Thai economy, including the capital market. Meanwhile, lower September inflation figures released yesterday could leave more room for the Bank of […]
The turmoil in global financial markets and fears of recession in Europe and the United States may scare investors away from Thailand and other developing countries, which need capital to boost their economies, Finance Minister Thirachai Phuvanatnaranubala said yesterday. “I’m more worried about abrupt capital inflows and outflows than the impact of an export slowdown,” […]
Security checkpoints at Suvarnabhumi are undergoing dramatic changes under a 155-million-baht makeover designed to remove the bottlenecks choking traffic at one of Asia’s busiest airports. When construction of the new “centralised security screen checkpoints” is completed in March of next year, security screening for outgoing passengers will get a significant boost. The service area will […]
Although major auto-makers are expecting increased sales thanks to the government’s first-car buyer scheme, they are also considering adjusting product line-ups in order to avoid price cannibalism among models. Meanwhile, Excise Department director-general Pongpanu Svetarundra yesterday said the cost of the tax rebates on offer under the scheme could exceed Bt30 billion, in which case […]
The Cabinet will be asked to approve the budget by next month before the new financial year kicks off in October. This new campaign will replace TAT’s long-running “Amazing Thailand” theme. Prime Minister Yingluck Shinawatra, who presented her government’s tourism policies to the Cabinet, hopes to boost total visitors to 30 million per year in […]
Central Department Store (CDS) will reopen its Lat Phrao branch on Sunday with more than 100 brands and services aimed at stylish and trendy customers.
Total Access Communication (DTAC) will press ahead with the launch of its third-generation wireless broadband service in Bangkok this week as planned, despite a possible legal threat from its concession owner CAT Telecom.
Local price tops B25,000 for first time. As stock markets continued their sharp decline, world gold prices soared to a record $1,779 an ounce yesterday and local prices broke the 25,000-baht barrier for the first time as investors sought safer places to park their cash.