Baht slides on Fed movements

Business > News

Latest updates

Baht slides on Fed movements

23 May 2013 : The baht fell by its biggest margin in almost two weeks Thursday as speculation the US Federal Reserve will scale back its bond buying dampened demand for emerging-market assets.
SET index dives 23.81 points

23 May 2013 : The Stock Exchange of Thailand main index went down 23.81 points, or 1.46%, to close at 1,607.46 points at the end of trading session this afternoon. The trade value was 78.13 billion baht, with 12.30 billion shares traded.

Sponsor links

See your ads here

All Stories

INVESTMENT
BoI keeps current incentives to 2014
18 May 2013 : The Board of Investment (BoI) has agreed to enforce a new investment regime by the beginning of 2015, giving more than 19 months for investors to adjust their investment plans to comply with the upcoming industrial-preference criteria.
ECONOMY
Kittiratt pushes investment to offset slumping exports
18 May 2013 : Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong has instructed state agencies to accelerate investment as a main tool to drive the economy, given the slowdown in exports this year.
FINANCE
K-Asset keen to answer big demand
18 May 2013 : Kasikorn Asset Management (K-Asset), Thailand's largest asset management company, estimates demand in excess of 100 billion baht for investments with periods of longer than one week and higher returns than money market funds.
CURRENCIES
FTI nervous about volatility
18 May 2013 : Business leaders are calling on authorities to keep closely monitoring the baht, saying the currency could resume appreciation amid continuing capital inflows and massive liquidity globally.
INDUSTRIAL ESTATES
Amata gears up for rush of land sales
18 May 2013 : Amata Corporation, the developer and manager of industrial estates, said hundreds of land sales are expected to be sealed in the second half of this year, mostly in the car industry.
PTT seeks partnership for biodiesel
18 May 2013 : PTT Plc, the energy conglomerate, is seeking local partners for joint investment in a 15-billion-baht biohydrogenated diesel (BHD) plant in Map Ta Phut, Rayong with a capacity of 370,000 tonnes a year.
MANUFACTURING
Toshiba opens B2bn air-conditioner plant
18 May 2013 : Thailand will become the global export production base for Toshiba air conditioners in the next three years, affirming its importance despite the impact from the 2011 flood crisis.
INVESTMENT
True looks into starting infrastructure fund
18 May 2013 : True Corporation is keen on setting up an infrastructure fund, says Vorapol Socatiyanurak, secretary-general of the Securities and Exchange Commission.
Thai fund industry scores high
17 May 2013 : Thailand's asset management industry is one of the most investor-friendly in the world, according to a study by Morningstar, the US-based mutual fund tracking service.
Apple 'losing innovation magic'
17 May 2013 : Apple Inc, the world's most valuable technology company, has lost its edge among investors, according to the latest Bloomberg Global Poll.