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Economy in fisrt 5 months expanded continuously despite political rift

BANGKOK, 12 July 2010 (NNT) – The Economic Cabinet meeting acknowledges the economic situation in the first five months of 2010 which continuously expands despite political impact, while the tourism…

KResearch adjusts GDP estimation up to 4-6%

BANGKOK, 29 June 2010 (NNT) – The Kasikorn Research Center (KResearch) has raised the GDP estimation to 4-6% in line with the continuous economic growth. Dr Charl Kengchon, Managing Director…

World Bank: Thai econ in 2010 to grow by 6.1%

BANGKOK, 25 June 2010 (NNT) – The Thai economy this year is expected to expand by 6.1% thanks to rapid expansion of the national exports in the first quarter, according…

Fiscal policy unaffected by state officials’ pay raise

BANGKOK, 23 June 2010 (NNT) – The salary hike for government officers by 5% will not affect the financial policy, according to the Bank of Thailand (BoT). BoT Deputy Governor…

Selecting new BoT chief a difficult task, says finance minister

BANGKOK, June 22 (TNA) – Finance Minister Korn Chatikavanij on Monday said the committee tasked to select the new governor of the Bank of  Thailand is finding it difficult to…

KBank predicts Baht to be stronger in next 3 months

BANGKOK, 21 June 2010 (NNT) –Kasikorn Thai bank foresees Thai baht to be stronger in the next three months with the rate probably at 32.20 THB/ USD. Kasikorn Thai Executive…

New Thai central bank governor to be named soon

BANGKOK, June 19 (TNA) — Four candidates have applied for the post of governor of the Bank of Thailand (BoT), to succeed Tarisa Watanagase who will retire at the mandatory…

BoT predicts Thai economy this year will grow continuously

BANGKOK, 18 June 2010 (NNT) –The Bank of Thailand (BoT) foresees Thai economy in the latter half of this year to expand continuously but the risk from global economic improvement,…

BoT to peg RP rate until the end of 2010

BANGKOK, 16 June 2010 (NNT) — The Bank of Thailand (BoT) will peg the RP rate at 1.25% until the end of this year, following the requests of the private…

BoT warns of interest rate rise

BANGKOK, 15 June 2010 (NNT) – The Bank of Thailand (BoT) has advised the private sector to be prepared for rising interest and inflation rates. After adopting a low-interest rate…