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Strong baht sparks fears

The private sector has voiced concerns about the stronger baht, which recently hit a 31-month high, saying it could hurt exports and tourism as well as the overall Thai economy.Some businesses have demanded new measures from the Bank of Thailand to curb the baht's rise.Full story: Bangkok PostLAMONPHET APISITNIRAN &

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Thai Baht coins

Stronger baht seen as fleeting

The strength of the baht, which last week leapfrogged the Korean won to become the best-performing currency in Asia against the US dollar in 2017, will be short-lived and is not a threat to exports in the second half, says Finance Minister Apisak Tantivorawong.Mr Apisak pointed to two large foreign

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Thai baht banknotes

Stronger baht to affect businesses

BANGKOK, 20 June 2017 (NNT) - The Department of International Trade Promotion (DITP) has conducted a seminar to teach business owners to mitigate risks stemming from a stronger Thai baht.Deputy Commerce Minister Winitchai Chaemchaeng urged entrepreneurs especially those running small and medium enterprises to obtain insurance to protect their businesses

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Thai baht banknotes

Central bank prints 70-baht banknotes to celebrate King’s 70th anniversary of accession to the throne

The Bank of Thailand has printed 20 million banknotes of 70-baht denomination to celebrate His Majesty the King’s 70th anniversary of accession to the throne.Central Bank governor Veerathai Santipraphob said that the new banknotes would be allocated to commercial banks for distribution to members of the public who are interested

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