Thailand worries about weakening baht World

Thailand worries about weakening baht

The Ministry of Finance will hold talks with the Bank of Thailand to discuss and delve into the factors behind the weakening baht, Minister of Finance Arkhom Termpittayapaisith has said.
JSCCIB cuts Thailand’s GDP growth forecast World

JSCCIB cuts Thailand’s GDP growth forecast

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has reduced its GDP growth forecast for Thailand to 0.5-2 percent from 1.5-3 percent due to the severe impact of the third COVID-19 outbreak despite bright export prospects this year.
Thai baht performs worst in Southeast Asia World

Thai baht performs worst in Southeast Asia

The Thai baht was the worst performer among commonly traded Southeast Asian currencies during the first quarter of 2021, the Nikkei Asia Review cited Refinitiv, a global provider of financial market data and infrastructure.
Thai economy battered by new wave of COVID-19 World

Thai economy battered by new wave of COVID-19

Thailand’s GDP growth could drop below the 3.2 percent baseline projection due to lower foreign arrivals amidst uncertainty regarding COVID-19 vaccine efficiency, and reduced fiscal stimulus, according to the latest minute from the Bank of Thailand’s Monetary Policy Committee (MPC).
Thailand keeps interest rate unchanged at record low World

Thailand keeps interest rate unchanged at record low

The Bank of Thailand (BoT) last week decided to keep key interest rate unchanged at a record low for a second straight meeting, as widely expected, on signs of improvement in the economy after the easing of measures to contain the coronavirus outbreak.