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Govt pledges to finish high-speed rail link to China by 2028

Govt pledges to finish high-speed rail link to China by 2028

The government has said it will complete its part of a much-delayed high-speed rail system linking the country to China through Laos by 2028, with bilateral trade and economic development key benefits.

18:12
Malaysia delivers back-to-back rate hikes to ward off inflation

Malaysia delivers back-to-back rate hikes to ward off inflation

Malaysia’s central bank on Wednesday raised its benchmark interest rate for a second straight meeting in a bid to tame inflation and signaled more measures going forward will be gradual.

14:55

Weak baht 'driven by external factors'

Thailand's weakening baht is being driven down by external factors and the central bank is closely monitoring the situation, Finance minister Arkhom Termpittayapaisith said, with the currency trading at its weakest level in more than five years against the dollar.

12:46 7
Weak baht 'driven by external factors'

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.5530
37.2958
GBP
42.6201
43.4730
HKD
4.5468
4.6306
JPY
26.2720
26.9631
USD
35.8288
36.1566
CNY
5.2996
5.4395
Source: Bank of thailand (6 Jul 2022)

SET

SET
1,541.49
+0.19
SET50
943.81
+0.32
SET100
2,134.73
+1.10
sSET
1,000.35
-4.12
SETCLMV
976.92
+1.22
SETHD
1,130.70
-3.18
SETTHSI
986.85
+0.98
Source: settrade.com (6 Jul 2022)
LATEST
18:12

Govt pledges to finish high-speed rail link to China by 2028

The government has said it will complete its part of a much-delayed high-speed rail system linking the country to China through Laos by 2028, with bilateral trade and economic development key benefits.

18:12
Govt pledges to finish high-speed rail link to China by 2028
17:51

Voyager seeks bankruptcy as crypto mogul’s lifeline fails

Crypto broker Voyager Digital Ltd filed for Chapter 11 bankruptcy protection just weeks after getting a lifeline from billionaire Sam Bankman-Fried’s Alameda Research, citing market volatility and the collapse of a hedge fund it had lent money to.

17:51
Voyager seeks bankruptcy as crypto mogul’s lifeline fails
17:33

TBA launches projects to enhance Thai-Saudi trades

Thai Bankers’ Association (TBA) highlights the prominent role of commercial banks in supporting international trade and the aim to upgrade trade transactions between Thailand and Saudi Arabia with 2 projects that will improve competitiveness of Thai importers and exporters.

17:33
TBA launches projects to enhance Thai-Saudi trades
14:55

Malaysia delivers back-to-back rate hikes to ward off inflation

Malaysia’s central bank on Wednesday raised its benchmark interest rate for a second straight meeting in a bid to tame inflation and signaled more measures going forward will be gradual.

14:55
Malaysia delivers back-to-back rate hikes to ward off inflation
12:46

Weak baht 'driven by external factors'

Thailand's weakening baht is being driven down by external factors and the central bank is closely monitoring the situation, Finance minister Arkhom Termpittayapaisith said, with the currency trading at its weakest level in more than five years against the dollar.

12:46 7
Weak baht 'driven by external factors'
11:26

Copper crash deepens as recession fears dominate metals trading

Copper extended a sharp retreat after the economic bellwether suffered one of its worst days since the depths of the Covid-19 pandemic in 2020 on growing fears of a global recession.

11:26
Copper crash deepens as recession fears dominate metals trading
10:35

Vietnam, S Korea aim to boost trade to $100bn

HANOI: Vietnam and South Korea aim to raise the value of bilateral trade between the countries to US$100 billion next year and to $150 billion by 2030, up from $78 billion last year, the Vietnamese government said.

10:35 1
Vietnam, S Korea aim to boost trade to $100bn
10:09

State urged to back smart hospital drive

The government should support the smart hospital scheme backed by 5G infrastructure as it could help ease people's expenses and save the state budget, according to the former chief of the National Broadcasting and Telecommunications Commission (NBTC).

10:09
State urged to back smart hospital drive
09:31

Heaps of bogus Covid claims come to light

Thai General Insurance Association has found that thousands of policyholders submitted fraudulent documents to misappropriate over 500 million baht's worth of compensation from Covid insurance policies offering a lump-sum payment.

09:31 6
Heaps of bogus Covid claims come to light
06:25

Defensive stocks gain amid inflation

Analysts suggest adjusting portfolios and investing in defensive stocks such as healthcare and ICT to hedge against soaring consumer prices as inflation jumped to 7.66% in June, the highest in 14 years.

06:25
Defensive stocks gain amid inflation

EXCHANGE RATE

Currency/Baht
Buy (Baht)
Sell (Baht)
EUR
36.5530
37.2958
GBP
42.6201
43.4730
HKD
4.5468
4.6306
JPY
26.2720
26.9631
USD
35.8288
36.1566
CNY
5.2996
5.4395
Source: Bank of thailand (6 Jul 2022)

SET

SET
1,541.49
+0.19
SET50
943.81
+0.32
SET100
2,134.73
+1.10
sSET
1,000.35
-4.12
SETCLMV
976.92
+1.22
SETHD
1,130.70
-3.18
SETTHSI
986.85
+0.98
Source: settrade.com (6 Jul 2022)