Bot to Consult Gold Traders Next Week on ‘Strong Baht’ Policies
The Bank of Thailand (BOT) is scheduled to meet with gold traders early next week to discuss and finalize measures aimed at mitigating the impact of gold trading on the…
Spectrum Shortage Sparks Concerns Over Potential Mobile Data Crisis
The National Broadcasting and Telecommunications Commission (NBTC) has warned that Thailand’s mobile spectrum could run out by the end of the year, posing a risk to internet speeds and network…
Bank of Thailand Finds No Signs of Unusual Baht Speculation
The Bank of Thailand has stated that it has not observed any irregular speculation in the baht’s trading, despite the currency’s ongoing strengthening against the US dollar. Chayawadee Chai-anant, Assistant…
SEC Urges Thai Banks to Strengthen Account Verification and Enhance Fraud Prevention Measures
Photo Credit: Chanat Katanyu The Securities and Exchange Commission (SEC) has called on Thai banks to tighten their account opening procedures and implement stricter Know Your Customer (KYC) standards, emphasizing…
Thailand plans to reduce borrowing by 8% as public debt approaches legal limit
Thailand is planning to reduce its government borrowing by around 8% in the upcoming fiscal year starting October, aiming to maintain fiscal discipline as the nation’s public debt approaches the…
Bank Warns That Inexpensive Chinese Imports Pose Risks to Thailand’s Economy
A recent report by Krungthai Bank indicates that although Thailand has not yet entered deflation, a surge of inexpensive Chinese goods could pose a serious threat to local businesses. Thailand…
BoT Clarifies ‘Negative’ Bank Balances and Reasons for Unfreezing Delays
The Bank of Thailand (BoT) has explained the causes behind recent system errors leading to negative bank balances and delays in unfreezing accounts, urging commercial banks to assist affected customers…
SET Ends Profit-Taking Amid Political Risks
In August, the Stock Exchange of Thailand experienced mixed trading performance. Following a 14% surge in July that propelled the SET index higher, the market saw some profit-taking activity. Political…
Robust Currency Boosts Outlook for Surge in Thai Gold Demand
Photo credit: Reuters Thai gold demand is expected to remain strong for a fifth consecutive year, driven by a rally in the local currency that makes gold cheaper. This ongoing…
Initiative to Combat Unfair Online Trading Practices
The Trade Competition Commission (TCC) is preparing to introduce guidelines aimed at evaluating unfair trade practices and identifying actions that lead to monopolies or reduce competition within multi-sided platform businesses,…