Bitcoin sheds nearly 15% of its ‘value’ in one day After a meteoric, and probably unsustainable rise and rise over the past 12 months, Bitcoin has suffered a short and sharp mini-crash over the weekend, dropping nearly 15% of its value in less than an hour – a stark warning of the cryptocurrency’s unpredictable volatility.…
Thailand denies manipulating exchange rate to gain unfair trade advantage The Bank of Thailand (BoT) has asserted that it has stepped into the market only to curb volatility in the baht, and Thailand has never used the exchange rate as a tool to gain an unfair trade advantage. BoT assistant governor Chantavarn Sucharitakul said the…
Thailand will close banks in high-risk areas, ATMs and online services still operational The Thai Bankers Association has released the guidelines to maintain continuous banking services as well as reduce the risk of spreading Covid-19. These measures are being put in place for the safety of employees and services will return to normal as soon…
Thailand central bank unfazed by US currency watchlist inclusion Bank of Thailand headquarters buildings in Bangkok. Thailand’s central bank has responded to the US decision to keep the nation on watch for currency manipulation by asserting it has stepped into the market only to curb volatility in the baht. Bloomberg/Bangkok The Bank of Thailand has…
PM positive Thai economy will grow despite new COVID-19 wave BANGKOK (NNT) – The Prime Minister is optimistic that the Thai economy will continue to grow this year, despite being hit by a new wave of COVID-19, currently being controlled. The Government Spokesman Anucha Burapachaisri has asked members of the public to cooperate with the…
Hong Kong grants certification mark to Thai jasmine rice BANGKOK (NNT) – Thai Jasmine rice has been granted a certification mark in the Cantonese language by the Intellectual Property Department of Hong Kong, to prevent adulteration while stimulating the market. Director-General of the Department of Foreign Trade, Kirati Ratchano, said today that to prevent the…
Thailand gets 100bn baht foreign investment for 2021 fiscal year BANGKOK (NNT) – Despite the new wave of COVID-19 being a major concern in Thailand, the country is still known to be attractive in the eyes of foreign investors. The foreign investment figure from October 2020 to March this year was valued over 100 billion…
Thailand Has Never Used Exchange Rate to Gain Unfair Trade Advantage BANGKOK (NNT) – The Bank of Thailand (BoT) has asserted that it has stepped into the market only to curb volatility in the baht, and Thailand has never used the exchange rate as a tool to gain an unfair trade advantage. BoT assistant governor Chantavarn…