The outbreak of the deadly coronavirus threatens to derail a fragile stabilisation in the Thai economy, already facing uncertain times amid the escalating US-China trade dispute. According to Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC), Thailand is estimated to lose 80 to 100 billion baht in income, mainly from […]
BANGKOK (NNT) – The Stock Exchange of Thailand (SET) is pursuing its initiative to encourage SMEs and startup businesses to raise funds via the capital market, expecting general investment this year to be challenged by external factors, urging investors to properly manage the risks. SET President Pakorn Peetathawatchai said the SET aims to promote balanced […]
BANGKOK (NNT) – Thailand remained an investment destination for international investors last year, as reflected in the overall value of investment promotion requests in 2019, released by the Board of Investment (BOI) today, which exceed a 750 billion baht goal. An impressive 59% was in the Eastern Economic Corridor, with China outreaching Japan to become […]
The Prime Minister has given authority to the Thai embassy in Iran to evacuate Thai citizens in the country if it is considered necessary, as the tension in the Middl East rises following the US airstrike that killed a revered military commander Qassem Soleimani. Prime Minister and Defense Minister General Prayut Chan-o-cha, announced today that […]
According to Bot’s latest Press Release, the Thai economy continued to be on a decelerating trend in November, prompting the Central Bank to use the exact same words from its previous Press Release on the Economic and Monetary Conditions in October, to describe the overall situation in November. The value of merchandise exports continued to contract, mainly […]
The Bank of Thailand concluded that Thailand’s financial system remained sound, with commercial banks and insurance companies holding ample capital buffers. However, there remained some pockets where risks could continue to build up, especially given the subdued growth outlook both at home and abroad and the prolonged low interest rate environment. The Bank of Thailand […]
Singapore, December 18, 2019 — Moody’s Investors Service has today affirmed the Baa1 foreign currency long-term bank deposit ratings of Bangkok Bank Public Company Limited’s (BBL) with a positive outlook. Moody’s has also affirmed BBL’s Baseline Credit Assessment (BCA) and adjusted BCA at baa1. BBL’s outlook is positive, in line with the positive outlook on […]
The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in the People’s Republic of China (PRC) and India is weighed down by both external and domestic factors. In a supplement to its Asian Development Outlook 2019 Update released in September, ADB now expects gross domestic product […]