BoT boss admits baht too high

Bank of Thailand governor Veerathai Santiprabhob admits the baht has appreciated at a rate which exceeds the economic fundamentals, saying that interest rate cuts are no longer “strong medicine” that can cure it.The central bank governor on Saturday expressed concern over the currency’s strengthening — ...

Darana Chudasri

Baht may be primed for further gains

The Thai baht has been the runaway success among Asian currencies this year — surging more than 6% while the US-China trade war has punished peers such as the South Korean won and Chinese yuan. There are two reasons why it may rise even more.Keep ...

Labour body calls for poll pledge on wages

The minimum wage hike has emerged as the latest hot potato for the ruling Palang Pracharath Party (PPRP) after labour groups piled pressure on the government not to backtrack on its election promise.Meanwhile, the Democrat Party has urged the government to adopt its income guarantee ...

Penchan Charoensuthipan

BoT starts siege on hot-money flows

The Bank of Thailand’s moves to counter hot-money inflows that have pushed the baht to a six-year high and the central bank’s vow to impose more measures if such speculative flows linger rattled the local currency and the stock market on Friday.Keep reading ...

Somruedi Banchongduang

Strengthening Thai Baht Strangling Thailand’s Economy

 In a joint statement, three leading business associations slashed their 2019 economic growth and export forecasts for Thailand as the Thai Baht continues it strength.The Federation of Thai Industries, the Thai Bankers’ Association and the Board of Trade of Thailand slashed their growth estimate to ...

TNSC predicts income loss of B500bn

Exporters are estimated to lose as much as 500 billion baht worth of income from the strong baht this year, with small-scale entrepreneurs hit the hardest.According to Visit Limlurcha, vice-chairman of the Thai National Shippers’ Council, exporters have lost about 200 billion baht worth of ...

Phusadee Arunmas

‘Overshooting’ baht raises fears of sluggish growth

With the stronger baht constraining Thai economic growth, other small emerging market economies are facing the risk of recession, economists warn.Teerana Bhongmakapat, former dean of economics at Chulalongkorn University, expressed concern about the baht’s rise against the US dollar and regional currencies. “The overshooting baht ...

Wichit Chaitrong

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