THE Thai baht is set to weaken further as the Middle East war is intensifying and dragging on while the US Federal Reserve also may not be in a rush to cut interest rates, PPTVHD36 said today (March 20). Mr. Wachirawat Banchuen, senior financial market strategist at Siam Commercial Bank, said the Thai baht’s
Tag: baht
Thailand to strengthen controls on gold trading to curb baht rise, central bank chief says
By Reuters and published by CNA THAILAND will impose controls on gold trading as it bids to tackle its overvalued baht currency and ease pressures on economic growth, central bank governor Vitai Ratanakorn said on Wednesday (Jan. 28). The baht has gained about 1.5 percent against the dollar so far this year after a
Read moreThai gold traders with at least 10 billion baht in annual transactions must report to central bank
By Reuters and published by CNA THAI gold traders with average annual transactions of at least 10 billion baht ($320.72 million) over the past five years must report their activities to the central bank, according to the official Royal Gazette. They also need to keep transaction records for at least three years, it said
Read moreTop executive worried about a repeat of ‘Tom Yum Kung’ crisis
By Naewna and Reuters – published by Yahoo!News WITH the Thai baht having rapidly gained strength and businesses urging the central bank to take measures to stabilise the Thai currency, a warning was issued by TPI Polene Plc CEO Prachai Leophairatana today (Sep. 29) that a repeat of the 1997 “Tom Yum Kung” crisis
Read moreMost entrepreneurs want cash not digital wallet in 10,000-baht handout scheme
By Thai Newsroom Reporters MOST SMALL- AND MEDIUM-SIZED entrepreneurs would prefer the much-heralded, yet-delayed populist handout project use cash rather than digital wallets as planned by the ruling Pheu Thai, according to Office of Small and Medium Enterprise Promotion acting director-general Panita Shinawatra. Panita, a niece of de facto Pheu Thai boss Thaksin Shinawatra,
Read morePM annoyed 10,000 baht digital wallet scheme stuck with graft-busters
PRIME MINISTER Srettha Thavisin said this morning (Feb. 3) at Don Mueang Airport before flying to Sri Lanka for an official visit that although the Thai people cannot wait any longer for the 10,000 baht digital wallet project to start, his government is still waiting for a recommendation from the National Anti-Corruption Commission (NACC),
Read moreMisprinted 20 baht polymer banknotes in circulation
THE BANK of Thailand said today (Sept. 29) that an error was found in a batch of 20 baht banknotes with the Thai numeral not matching the Arabic one but the public could still use them as normal until they are fully removed from the system, Sanook.com said this evening (Sept. 29). Ms. Wachira Aromdee,
Read moreBaht at its weakest point in 6 years as Fed’s aggressive rate hike looms
THE BANK of Thailand is keeping a close eye on the Thai baht which touched its weakest exchange rate to the US dollar today (June 15) as global markets brace for the sharpest rise in US interest rates in almost 30 years with the Federal Reserve taking action to halt rising inflation, INN News
Read moreTHAI client told refund delay indefinite, claims total 100 billion baht
A FACEBOOK user wrote about a shocking incident last Monday (May 25) because Thai Airways International told him the soonest he could get a refund on his air ticket is six months but it is also uncertain how long the delay could be as claims now total over 100 billion baht, Sanook.com reported today (27.5.2020).
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