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thai-baht
Thai stocks dumped, currency weakens as investors turn to USD
By k on May 26, 2010
BANGKOK, 26 May 2010 (NNT) — The Thai baht has weakened as foreigners turned to the US currency following concerns of the Eurozone debt crisis and North and South Korea’s bitter relations, according to a Bank of Thailand (BoT) official. Stocks have experienced a huge sell-off as foreigners are pressurized by the weakening Thai currency. [...]
Thai baht may strengthen more next week
By k on January 16, 2010
BANGKOK, 16 January 2010 (NNT) – The Kasikorn Research Center (KRC) has reported that the onshore Thai baht currency has edged higher against the US dollar to be near 32.80 THB/USD. The baht reached the highest level for the first time in 19 months, according to the research center. The appreciation was speculated to be [...]
Thai Baht gets stronger due to surplus balance of trade
By k on July 28, 2009
BANGKOK, 28 July 2009 (NNT) – Finance Minister Korn Chatikavanij admitted Thai Baht appreciated today day due to surplus balance of trade in exports and on speculation of the currency. Mr. Korn said the fewer amount of the US dollar currency had flown out of Thailand due to less imports from overseas markets. He added [...]
Thai Baht closes at 34.13-34.14 against USD
By k on July 14, 2009
BANGKOK, 14 July 2009 (NNT) – The Thai Baht closed at 34.13-34.14 against the greenback, remaining stable from this morning. The Thai Baht traded in line with other currencies in regional markets, while the world currency such as the US dollar remained stable today. Investors still wait and see the announcement on performance of major [...]
Thai Baht opens at 34.13-34.15 against the dollar
By k on July 3, 2009
BANGKOK, 3 July 2009 (NNT) – Thai local currency opened at 34.13-34.15 against the dollar, weaker than yesterday. The Baht traded slightly stronger at 9.24 am today to stand in the range of 34.11-34.13 against the dollar. Thai Baht is expected to fluctuate in a narrow range of 34.10-34.15 against the dollar today. The trade [...]
Thai Baht closes at 34.18-34.21 against the greenback
By k on June 15, 2009
BANGKOK, 15 June 2009 (NNT) – The Thai baht closed at 34.18-34.21 against the US dollar after the market ended this afternoon. The value of Thai baht fluctuated in a narrow range all day, and hit the highest at 34.13 and the lowest at 34.22 against the dollar. Thai Baht in off-shore market closed at [...]
Business News »
Loan clients urged to be well-prepared for higher finance costs
July 16, 2010
BANGKOK, July 16 – Loan customers, particularly small- and medium-size enterprises (SMEs), must have well-prepared business plans to cope with higher financial costs in the face of an upward interest trend, according to the Kasikorn Research Center (KRC), a leading Thai financial think tank. Kasikorn said that major domestic commercial banks had begun raising the [...]
Bank And Finance »
Commercial banks announce hikes in interest rates on fixed deposits
July 16, 2010
BANGKOK, 16 July 2010 (NNT) —Interest rates on fixed deposits and lending rates have been hiked by financial institutions following the hike in the policy rate by the Central Bank. Krungthai Bank has announced its fixed deposit interest rate hike of 0.25-0.35%, while key lending rates would be increased by 0.125-0.15%, effective today. Siam Commercial [...]
General News »
Summary of the 9th APEC Energy Meeting
July 12, 2010
Thai delegates led by Minister of National Resources and Environment, Suwit Khunkitti, along with international counterparts from 20 countries attended the 9th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting in Fukui, Japan on 19 June 2010. During the summit, a speech on the “Low Carbon Paths to Energy Security: Cooperative Energy Solutions for a Sustainable [...]
Economy »
4 Govt agencies cooperate to promote Thai investment abroad
July 12, 2010
BANGKOK, 12 July 2010 (NNT) – The Office of Thailand Trade Representative (TTR) joins force with three financial institutions to promote Thai investments abroad, with operators in various business groups showing keen interest in the project. TTR along with SME Bank, EXIM Bank and the Government Pension Fund (GPF) announced their cooperation in credit support [...]
Energy »
Moody´s chops down PTT´s credit
June 29, 2010
BANGKOK, 29 June 2010 (NNT) – An international credit rating firm, Moody’s Investors Service, has lowered the creditworthiness of Thai petroleum giant PTT Plc from A2 to A3 with a negative outlook. Moody’s Investors Service has changed the local currency issuer rating for PTT Plc from A2 stable to A3 negative while the foreign currency [...]
Politics »
One month needed for Interpol consideration over Thaksin´s case
July 16, 2010
BANGKOK, 16 July 2010 (NNT) – A nod from the Paris-based international police intelligence-sharing association, Interpol, over case of self-exiled ex Prime Minister Thaksin Shinawatra should be known within one month. Police Maj-General Terdsak Rujirawong, Commander of the Royal Thai Police Foreign Affairs Division, said on Friday that an arrest warrant on terrorism charge issued [...]