Thailand is now a top-ten highest household debt country among 89 countries worldwide and third highest among 29 Asian countries.
The baht could drop more than 2% to 31.5 in the next couple of weeks before recovering to about 31 by the end of the year.
BANGKOK – The Bank of Thailand knocked the Thai baht from its perch, but the weakness could be short-lived, according to currency’s forecasters. The BoT took steps this month to curb short-term inflows after the currency surged to a six-year high. Those measures are hurting the baht, which is headed for a loss in July. […]
The Bank of Thailand is also tightening the reporting requirements for non-residents holdings of debt securities issued in Thailand. The names of end beneficiaries shall be reported for all non-residents holdings of Thai debt securities.
BANGKOK – The Bank of Thailand has stepped up its efforts to curb short-term speculative inflows by lowering the cap on the outstanding balance of a non-resident accounts from 300 million baht per person to 200 million baht, effective from July 22. The Bank of Thailand is also tightening the reporting requirements for non-residents holdings […]
BANGKOK – Efforts by The Bank of Thailand to talk down a spike in auto loans amid wider concerns about household debt have sent a chill across the country’s car dealers. Car dealers in Thailand are already struggling to source finance for new customers. Although the Bank of Thailand (BOT) has taken no policy action […]
The "blame" for the surging baht has once again been placed on the Bank of Thailand and its feeble management of foreign exchange as the currency's value continues to edge up, much to the dismay of exporters and the tourism industry.
BANGKOK – Thailand’s baht’s value hit a six-year high in mid-June of 31.05 against the US dollar as rate-cut signals by the US Federal Reserve prompted an influx of offshore inflows into both high-risk and safe-haven assets. With a 6.03% year-to-date appreciation, the baht has effectively cemented its status as Asia’s best-performing currency against the […]