Thai baht becoming volatile amid rising household debt
Interest rates in emerging economies trailing their advanced peers, including the US, is boosting currency volatility and posing challenges to exchange rates and capital flows, according to Bank of Thailand…
Thailand plans to borrow 2.4 Trillion baht in the next fiscal year
Thailand plans to borrow approximately $66.5 billion in the fiscal year starting in October, which is a 7.6% increase from the previous year, in order to meet its funding requirements.…
Prime Minister Strettha oversees the treasury advancement into digital currency
“Settha,” the ultimate fitness enthusiast, is leading the continuous tourism recovery efforts in Phang Nga province. He has received a proposal to construct a new airport and is studying the…
Thai Finance Ministry lowers growth outlook for 2023 at 3.5%.
Due to a decline in export demand globally, the Thai Finance Ministry has reduced its economic growth projection for 2023 from 3.6% to 3.5%. Additionally, the ministry forecasts a 0.8%…
The Baht has strengthened this morning with the Baht opening at 34.63 with the dollar
This morning, the baht opened at 34.63 baht to the dollar. “Appreciated slightly” from the close of the previous week at 34.65 baht for every dollar. The financial market is…
Between 1st July and 31st July, Token X will be available for Real X currency subscription
According to Ms. Jittinan Chartsiharat, Chief Executive Officer of Token X Company Limited or “Token X,” a digital token offering platform (ICO Portal) that has received SEC approval and is…
Korn Chatikavanij stepped up his criticism of Deputy Premier and Energy Minister Supattanapong Punmeechaow
Supattanapong, the deputy prime minister in charge of the Finance Ministry, is able to reform the Electricity Generating Authority of Thailand (Egat)'s production costs, according to Korn.
Siam Commercial Bank raises growth forecast for Thai economy to 3.9%
The emergence of concerns about global financial stability has introduced a new risk that requires close monitoring, Somprawin said. This includes the recent turmoil sparked by the collapse of SVB…
Thailand kickstarts FTA talks with EU
In order to secure a deal by 2025, Thailand and the EU will relaunch their free trade agreement (FTA) negotiations in July.
Qatar Airlines Rebuild Partnership with Airbus
While being resolved recently, Qatar Airlines' conflict with Airbus has had a significant impact on its fleet during the past two years.