Bank of Thailand upbeat about economic growth in Q3 World

Bank of Thailand upbeat about economic growth in Q3

Thailand’s economic growth in the third quarter is likely to improve from the second quarter’s reading, mainly thanks to positive tourism growth and the government’s economic stimulus measures, according to the Bank of Thailand.
Strong baht stirs worries for Thailand’s exports World

Strong baht stirs worries for Thailand’s exports

The Thai baht has staged a strong recovery against US dollar after suffering a brief sell-off earlier this year, but the Thai Government is increasingly worried that continual strength in the currency could hit exports.
Thailand affirms no currency manipulation ASEAN

Thailand affirms no currency manipulation

Thailand does not intervene with foreign exchange rates to gain competitiveness in trade, the local central bank’s chief was quoted by Asian Nikkei Review as saying.
Thai baht predicted to rise further in next months World

Thai baht predicted to rise further in next months

Kasikornbank (KBank), the fourth largest lender by assets of Thailand, predicted the baht will continue to appreciate against the US dollar in the next few months, following brisk gains in January.
Thailand denies Baht manipulation World

Thailand denies Baht manipulation

Thailand’s commerce minister Apiradi Tantraporn on October 18 rejected claims that the country engages in unfair currency practices to gain a trade advantage over partners, particularly the US.
Thai baht hits record high in two years World

Thai baht hits record high in two years

The value of Thai baht rose to 33.94 baht per USD, a record high in the past two years after the Bank of Thailand (BOT) decided not to take measures to stop the rise of the domestic currency.