Tags : Dollar


Thai Baht at eight-year low, Baht sinks below 35

The baht fell beyond 35 to the US dollar on Friday, an eight-year low, as slowing economic growth and the growing probability of a US interest-rate increase spurred outflows of funds. The decline came as overseas investors sold a net US$180 million worth of Thai stocks and bonds in a week when the SET Index […]Read More


Thai Baht at new 16-year high

At 8.18am, it hit a new 16-year high at 28.71 per dollar, gaining 2.02 percent from end-March, according to Bank of Thailand data. Month to date, the currency also gained 6.40 per cent against Japanese yen, at 29.26 per 100 yen. Read more: The NationRead More


Euro zone will break up, Bank of Thailand Governor predicts

Bank of Thailand Governor Prasarn Trairatvorakul envisions the eventual break-up of the euro zone. Much depends on the euro economies’ commitment to the handling of their structural problems and agreement to amend the Maastricht Treaty to embrace fiscal and labour integration, which are the kingpins of monetary integration. The United States went through this crisis […]Read More


THB to move 29.80-30.20 THB/USD this week

BANGKOK, 15 August 2011 (NNT) – Kasikorn Research Centre (KResearch) has estimated that the Thai baht this week (from 15 to 19 August 2011) will move in the range of 29.80-30.20 THB per US dollar with some trade and economic figures as the major focus this week. KResearch reported that the baht had been weakened […]Read More


Singapore cleaner gets two years for 2-dollar theft

Singapore – A restaurant cleaner was sentenced to spend two years in a Singapore jail after he broke into his former workplace and stole a cash register containing just 2 Singapore dollars (1.6 US dollars), a media report said Thursday. A court handed Malaysian Ansar Anwar, 24, the minimum sentence for breaking and entering in […]Read More


Thai Baht weakens along Dollar on contained Euro zone crisis

Thai Baht continued gains against US dollar and the Euro today, as foreign investment flowed back into the capital market on optimism that the Euro zone debt crisis will be contained. Yesterday, foreign investors maintained the net-buyer position, with purchases outpacing sales by Bt3.4 billion. To date this month, the net-buy positions totalled Bt23 billion. […]Read More


Indian detained in Thailand for carrying 20kg ketamine

An Indian national has been detained by Thai customs officials for allegedly smuggling 20 kg of ketamine, a party drug, worth at least USD two million. The man, identified as Khadher Mohideen Sherif Khaja Mohhdeen, was arrested on arrival at Thai capital’s Suvarnabhumi Airport with the banned substance, customs officials said. Mohideen, 44, flew in […]Read More