BANGKOK, Feb 5 - The precious stone and ornament business this year is expected to stay still or expand slightly, similarly to its performance last year, according to the Kasikorn Research Centre.
KRC said the local and export-oriented precious stone and jewelry market is projected to grow at a rate close to that of last year.
As for the local market, the genuine precious stone and ornament industry growth is likely to depend mainly on gold prices and local consumer confidence.
For the...... (read more)
Bangkok, Dec 27: Currency controls that rattled the stock market in Thailand could remain in place for up to six months, the central bank governor said Tuesday.
Thai shares plunged nearly 15 percent on Dec. 19 after the central bank announced the regulations.
Bank of Thailand Gov. Tarisa Watanagse said last week's measures, which restrict foreign capital inflows into the bond and commercial paper markets, must remain in place for at least three to six months to ensure they curb the...... (read more)
Bangkok, Dec 21: Thailand's stock and currency markets have continued their volatile week after top politicians backed plans to limit the strength of the baht.
On Thursday, Bangkok's SET stock index fell 2.4%. It had plunged 15% on Tuesday but rebounded 11% on Wednesday.
The Thai baht fell 1.7% against the US dollar on Thursday, the biggest decline in three years.
The volatility followed central bank plans to limit the amount of money that could be withdrawn by investors.
Prime...... (read more)
BANGKOK, Dec 21 - The Bank of Thailand's decision to impose a reserve requirement on short-term capital inflows deserves support, since it would have a positive effect in the long run while the stock market
itself will be affected in the short run, according to top executives in the export sector.
Dej Pattanasetpong, President of the Federation of Thai Industries' Garment Club, said he supported the state measures to stem the baht speculation.
He said he saw it appropriate for the...... (read more)
BANGKOK, Nov 15 - Thailand's central bank --The Bank of Thailand --should take stricter measures to oversee the movement of the baht, after the local currency appreciated to 36.39 to the US dollar, the strongest in almost eight years, on Tuesday, the Kasikorn Research Centre said Wednesday.
The leading think tank reported although the central bank only recently came up with additional measures to curb speculation on the baht (early this month), Thailand's currency continued to...... (read more)
BANGKOK - Thailand's currency, the baht, appreciated to touch 37.10 to the US dollar on Wednesday's trading, the strongest in six years, since there is a capital inflow into the Stock Exchange of Thailand and the greenback has weakened against other currencies, according to money dealers.
The dealer at Bangkok Bank said the baht hovered around 37.10-37.15 to the dollar at the market close, up from 37.20-37.23 on the opening bell. He said the baht appreciation stemmed from the capital...... (read more)
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