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Economy to continue growing despite disappointing Q2: Bank of Thailand

Economy to continue growing despite disappointing Q2: Bank of Thailand

Despite a weaker-than-expected second quarter, the economy is expected to continue growing in the second half of the year as tourism picks up, the Bank of Thailand (BoT) said on Tuesday, suggesting gradual policy tightening may continue.

10:23 5
Tensions thwart growth

Tensions thwart growth

Geopolitical tensions have pressured Thailand's economic expansion this year.

06:43 31

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
35.6448
36.3893
GBP
42.3000
43.1533
HKD
4.4844
4.5687
JPY
26.2577
26.9637
USD
35.2961
35.6257
CNY
5.1535
5.2931
Source: Bank of thailand (16 Aug 2022)

SET

SET
1,629.95
+4.70
SET50
986.68
+0.03
SET100
2,229.98
+0.85
sSET
1,048.35
-0.29
SETCLMV
1,019.81
+2.83
SETHD
1,177.60
+4.51
SETTHSI
1,029.11
+1.08
Source: settrade.com (17 Aug 2022)
LATEST
20:08

Govt readies B150bn loan guarantee for oil fund

The cabinet on Tuesday approved a law to guarantee up to 150 billion baht (US$4.23 billion) in loans for the state oil fund to support energy prices as the government fights inflation, according to a government source and media reports.

20:08
Govt readies B150bn loan guarantee for oil fund
16:44

Bank of Thailand sees no surge in bad loans after policy rate hike

The central bank expects no surge in bad loans despite a hike in the benchmark interest rate and urged banks to gradually adjust their rates to help vulnerable groups.

16:44 3
Bad loans
10:23

Economy to continue growing despite disappointing Q2: Bank of Thailand

Despite a weaker-than-expected second quarter, the economy is expected to continue growing in the second half of the year as tourism picks up, the Bank of Thailand (BoT) said on Tuesday, suggesting gradual policy tightening may continue.

10:23 6
Economy to continue growing despite disappointing Q2: Bank of Thailand
07:45

Oil prices tumble on possible Iran deal, stuttering China economy

NEW YORK: Oil prices fell Monday on the prospects of a return of Iranian oil to the market and data showing China's economic recovery stuttering under Covid-19 restrictions.

07:45 5
Oil prices tumble on possible Iran deal, stuttering China economy
07:45

Global business travel won't see full recovery until 2026: report

NEW YORK: Inflation, supply chain problems and ongoing Covid-19 lockdowns in China are among the factors conspiring to delay a full recovery in business travel to its pre-pandemic level, according to an industry forecast released Monday.

07:45
Global business travel won't see full recovery until 2026: report
06:52

IEAT plans to develop Udon Thani dry port

IEAT is planning to develop a dry port in Udon Thani, with the aim of making the province a centre for regional land transport, linked with the Chinese-Lao high-speed train system.

06:52 4
IEAT plans to develop Udon Thani dry port
06:43

Tensions thwart growth in 2022

Geopolitical tensions have pressured Thailand's economic expansion this year.

06:43 35
Tensions thwart growth
05:48

Instant noodle brands seek price hike

Manufacturers of the five largest instant noodle brands for the first time join forces to call on the Commerce Ministry to allow them to raise their prices.

05:48 61
Instant noodle brands seek price hike
04:51

Bangkok Airways REIT to launch soon

Bangkok Airways' real estate investment fund BAREIT will be available to invest in next week with an expected yield of 8.09-8.95% in the first year.

04:51 1
Bangkok Airways REIT to launch soon
04:00

True eyes e-sports players for 5G growth

SET-listed telecom operator True Corporation is preparing to tap into e-sports users to expand its 5G subscriber base, as it sees a promising trend in connected devices.

04:00
True eyes e-sports players for 5G growth

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
35.6448
36.3893
GBP
42.3000
43.1533
HKD
4.4844
4.5687
JPY
26.2577
26.9637
USD
35.2961
35.6257
CNY
5.1535
5.2931
Source: Bank of thailand (16 Aug 2022)

SET

SET
1,629.95
+4.70
SET50
986.68
+0.03
SET100
2,229.98
+0.85
sSET
1,048.35
-0.29
SETCLMV
1,019.81
+2.83
SETHD
1,177.60
+4.51
SETTHSI
1,029.11
+1.08
Source: settrade.com (17 Aug 2022)