Bank of Thailand Upholds Inflation Target
Thailand’s inflation target range of 1% to 3% has been effective and should remain unchanged, according to a deputy central bank governor, who spoke on Thursday amid government efforts to…
Bangkok Bank Reports 6.2% Increase in Profit
Two listed banks, including Bangkok Bank (BBL), have reported positive net profits for the first nine months of 2024, while another two banks saw declines in their profits. BBL, the…
Finance Ministry Aims for Increased Inflation Target Following Rate Cut
The government is still advocating for a higher inflation target that could lead to increased prices, Finance Minister Pichai Chunhavajira stated on Thursday, following the Bank of Thailand’s (BoT) unexpected…
Baht Expected to Strengthen if Central Bank Keeps Rates Steady
The baht may strengthen past 33 per dollar, rising from 33.40 as of Tuesday, if the Bank of Thailand opts to maintain its policy interest rate at 2.50% during Wednesday’s…
Thailand aims to become a leading cryptocurrency hub.
Thailand has the potential to establish itself as a digital asset hub if strategic policies are enacted to foster development. According to the Thai Digital Asset Association, clearer regulations and…
BOI Grants Approval for $400 Million Investment by Tyre Manufacturer Continental
On Wednesday, the Board of Investment (BOI) announced its approval of a $400 million investment from tyre manufacturer Continental to expand its current operations in Thailand, the second-largest tyre producer…
Gulf Aims for 20% Share of Energy Available for Auction
Gulf Energy Development, Thailand’s largest private power producer by market capitalization, is vying for the rights to develop new power plants with the goal of securing 20% of the 3.6-gigawatt…
Asian Prices Drop as India Lifts Export Restrictions
Rice in Asia saw a significant decline this week following India’s decision to ease export restrictions, leading to heightened competition in the region. On Saturday, India, the world’s largest rice…
ThaiBev Allocates B18 Billion for Expansion Plans
Thai Beverage (ThaiBev), a food and beverage company listed in Singapore, has announced plans to allocate 18 billion baht this year for both domestic and international expansion. Chief Executive Thapana…
Analysts anticipate that Thai stocks will benefit from China’s stimulus measures.
China’s economic stimulus is expected to indirectly benefit several Thai industries and foster positive sentiment in the capital and money markets, potentially lifting the Thai stock index to 1,500 points,…