Sept. 23 (Bloomberg) — Thailand’s baht retreated from a 13-year high on concern policy makers will step up efforts to curb appreciation that threatens exports and tourism. The currency has strengthened 5.6 percent this quarter, Asia’s best performance, as overseas investors pumped more than $1.4 billion into the nation’s shares. Net purchases yesterday totaled $138 […]
On the fourth anniversary of the coup today to oust the Thaksin government, we examine the price the country has paid in financial terms and democratic aspirations since the day the tanks rolled out. Four years on, the legacy of the coup to oust former prime minister Thaksin Shinawatra lingers in a country where political […]
Thailand’s three major mobile operators will compete for two licenses in auction that starts next week. Excessive competition for Thailand’s third-generation mobile phone licenses will likely drive up fees for carriers and pressure earnings of the country’s major telecom operators in the near term. Units of Advanced Info Service PCL, Total Access Communication PCL and […]
BANGKOK, 15 September 2010 (NNT) – Thai Airways International (THAI) has set the issue price for the new lot of its bond at 31 THB, aiming to attract the existing bondholders into investing. Piyasvasti Amranand, THAI president, said that the price-per-bond offered at 31 THB is deemed reasonable. This issue price will help draw the […]
Thai Prime Minister Abhisit Vejjajiva should show “strong signals” that the government would not allow the Thai Baht to rise any further against USD, a leading industrialist said on Friday. “The government has not shown any of such signals. If the baht rises any much further, our industries will fail to adjust,” Payungsak Chartsutipol, Chairman […]
BANGKOK, 3 September 2010 (NNT) – The Thai baht currency has continued to strengthen on massive foreign capital inflow, standing at 31.13 THB/USD, according to latest reports. A financial expert of Ayudhya Bank Plc, stated today that the Thai Baht has opened at 31.14/15 THB/USD, appreciating slightly from yesterday’s closing of 31.15/16 THB/USD. The currency […]
A lone gunman has escaped with eight million baht after robbing the bank officials unloading the 20 million baht deposit into the Khon Kaen’s UOB Bank branch. The gunman, armed with a pistol has pulled off a daring robbery at Khon Kaen’s branch of UOB Bank where three bank officials were in charge of depositing […]
In the early hours of last Friday morning the theft of a Bank of Ayudhya ATM Machine took place in Rayong Province. The ATM was taken by around 5 men who placed it in the back of a Blue Truck. Since then, Police have been searching for the ATM which is known to have contained […]
