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Thailand Denies Baht Manipulation Ahead of U.S. Currency Report

  – BANGKOK – Thailand’s Commerce Ministry today rejected claims that it engages in unfair currency practices to gain a trade advantage, even as the nation appears close to meeting U.S. criteria on exchange-rate manipulation. In fact, the central bank faces criticism for doing too little to curb gains in the baht, the strongest performer […]

October 17th, 2017 | Posted in Economy & Business | Read More »

Thai Baht at its Highest Point Against the US Dollar in Two and Half Years

– BANGKOK — The Thai baht is at its highest point against the dollar in about two and half years, as Thailand’s policymakers and exporters worry that the strong currency could hurt industry. The baht, unlike other Asian currencies, also appears immune to speculation that tighter U.S. monetary policy will weaken it. Thailand’s large current-account […]

October 14th, 2017 | Posted in Economy & Business | Read More »

Construction of Thai-Chinese High-Speed Railway to Commence in November

– BANGKOK – Transport Minister Termpittayapaisith confirmed on Wednesday that construction of the first stage of the Thai-Chinese high-speed railway will definitely begin in November although there is still a problem with an environment impact assessment study. The first stage is a 253-kilometre section between Bangkok and Nakhon Ratchasima. The full project is for the […]

October 12th, 2017 | Posted in Economy & Business,Regional News | Read More »

Thai Airline Shares Take-off after Removal of International Civil Aviation Red Flag

– BANGKOK  – Thai airlines can now add flights to the growing China, South Korea and Japan markets after the U.N. International Civil Aviation Organization removed a red flag against Thailand over safety concerns, officials said on Monday. Thailand was downgraded in June 2015 after its regulator missed a deadline to resolve significant safety concerns, […]

October 9th, 2017 | Posted in Economy & Business | Read More »

Thai Baht Defies Gravity, Risen by 8% Against the US Dollar this Year

– BANGKOK – Tourism is booming, the current account is in surplus, and the comparatively high yield on local assets is enticing. No wonder the Thai baht has risen by 8% against the US dollar this year. But the currency could soon “fall foul of economic gravity”, says William Pesek on Breakingviews. “Populist pump-priming” and […]

October 3rd, 2017 | Posted in Economy & Business | Read More »

Prayuth Chan-ocha’s Military Government to Kick Start $45 Billion Economic Revamp Before Polls

– BANGKOK – Prayuth Chan-ocha’s military government is looking to start construction of projects under a 1.5 trillion baht ($45 billion) investment plan before the country’s possible return to democracy late next year. Enabling laws for the so-called Eastern Economic Corridor initiative should be in place by the end of 2017 to bolster investor confidence, and […]

September 28th, 2017 | Posted in Economy & Business | Read More »

Bank of Thailand Rebuffs Finance Ministry by Keeping Rate on Hold

– BANGKOK – Thailand’s central bank held its benchmark interest rate near a record low, spurning the government’s call for policy easing as it painted a brighter outlook for the economy. Thailand’s Finance Ministry has been stepping up pressure on the central bank to cut interest rates as the currency surges and as inflation remains […]

September 27th, 2017 | Posted in Economy & Business | Read More »

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In Loving Memory of His Majesty the King

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