US Treasury mulls putting Thailand on its ‘watchlist’ as a currency manipulator Thailand’s trade surplus with the US has now exceeded US$20 billion. Bloomberg reports that this could trigger the Thai currency to be added to the US Treasury’s watchlist of “currency manipulators”. According to US Census Bureau data, the surplus reached US$20.05 billion in…
Thailand’s FDI applications up 69% in the first nine months of 2019 The total value of FDI applications received by the BOI in the nine months to September increased 69% from the year earlier period, to a total value of 203.37 billion baht, according to the latest data from the BOI Thailand continued to attract rising…
Out of 37 countries, Thailand has the worst pension system, says Bloomberg Thai Residents reports that on Sunday, Bloomberg published an article on the world’s best pension systems, using information gathered from the 2019 Melbourne Mercer Global Pensions Index. The survey looked at the pension systems of 37 countries with metrics including employee rights, savings,…
IMF and SCB lower Thai growth forecast under 3% IMF and SCB have joined other banks and organisations to predict Thai economic growth under 3% for 2019. Siam Commercial Bank’s (SCB) Economics Intelligence Center (EIC) has adjusted its Thailand 2019 economic growth projection from 3 percent down to 2.8 percent. The center has reported that…
Thai duty free giant King Power considers move into UK hotel industry PHOTO: www.chillpainai.com The CEO of King Power, Aiyawatt Srivaddhanaprabha, says the group is considering a move into the hospitality sector in the UK. Speaking to the press yesterday, Aiyawatt says the idea comes at a time when property prices in the UK and…
Thailand’s rice exports hampered by strong baht Thai rice exports are likely to stay below targets as the strong baht weakens competitiveness in the world market (Photo: Bangkok Post) Bangkok (VNA) – Thai rice exports are likely to stay below targets as the strong baht weakens competitiveness in the world market. Honorary president of the…
Large Thai business feeling the effects of US-China trade war, rise of the baht So what do Thailand’s big banks say? The ongoing US-China trade war and the appreciation of the Thai baht against other currencies is now starting to impact larger corporates in Thailand. Wasin Saiyawan, senior executive vice president and chief of wholesale…
Baht to climb higher against USD, more pressure on exports The Thai baht is set to soar further as one side effect of the latest escalation of the China-US trade war. Economists say the latest tit-for-tat trade sanctions will hasten foreign capital inflows into Thailand’s “safe haven” bond market while the US Federal Reserves may…
PTT to invest 30bn ($967M) baht in EEC PTT Public Company Limited has allocated some 30 billion baht, to invest in newer forms of energy in the Eastern Economic Corridor (EEC) BANGKOK, (NNT) – The global economic slowdown and trade war have caused fluctuations in energy prices. In response, PTT Public Company Limited has allocated…