The one-stop startup portal dubbed ‘Biz Portal’ sets out to improve Thailand’s Global Competitiveness Index.
TENSIONS over the stand-off between the US and North Korea could pressure global stock markets, say investment experts, though some note that concerns over the prospect of a French referendum on whether to leave the European Union may encourage capital to stay put in Thai and other emerging markets. Warut Sivasariyonon, managing director for research […]
Liquidity-driven stock market rallies are coming to an end following the tapering of rapid fire money printing at most major central banks, warns the Association of Securities Companies. “We’ve been in the quantitative easing [QE] era since 2008 with money flooding stock markets across the globe, but the magnitude of cash pumping is gradually being […]
PHATRA Securities expects the Bank of Thailand’s rate-setting committee to keep its benchmark rate at 1.5 per cent when it meets today, and likely hold that mark for the rest of the year. Pipat Luengnaruemitchai, assistant managing director at Phatra Securities, said the current policy rate remains an accommodative fit for the needs of Thai […]
Growth of the Thai economy in the first and second quarters was significantly higher than in 2014, but remained far below the average regional rates, as weak exports and subdued investment in Thailand continued to dampen the economy.
The baht is likely to move in a narrow range in response to market expectations that the Bank of Thailand’s Monetary Policy Committee (MPC) will hold the policy rate steady at its meeting today. “A [rate] pause appears to be the general consensus, and hence market reaction to it may be minimal,” Parson Singha, chief […]
Niphit Ariyawong, adviser to the department, said everything would be done to protect the mint. He said the authority had erected a strong flood-prevention barrier more than a metre high around the Bt1-billion mint. “We’re confident of protecting the mint, and we can continue to supply coins to the economy,” he said. The Treasury Department […]
Deputy Prime Minister Kittiratt Na-Ranong yesterday urged the Bank of Thailand to slash interest rates to help people and firms devastated by flooding to recover, as the government had inflation under control. “The central bank should consider reducing its policy rate at the upcoming meeting to help all industries and boost private sector growth,” he […]
Deputy Prime Minister for economic affairs Kittiratt Na-Ranong is confident that the government’s rice scheme will boost local rice prices and that the cost of the rice price pledging plan will be lower than expected, but a poll of economists concludes that corruption is inevitable. He predicted on Wednesday that the government’s rice mortgage scheme […]
The Bank of Thailand has cautioned against government policy to promote a consumption-led stimulus as it could fuel inflation while failing to lift the country’s economic potential. Prasarn Trairatvorakul, the central bank governor, said the economy was not in need of economic stimulus next year and trends did not warrant it. Intra-regional trade and emerging […]