The Business Times

baht

ASEAN Business

Why the Thai baht is defying economic gravity

A baht that is too robust is said to be able to destroy Thailand's competitiveness. Businesses tend to prefer exchange rates that are weaker, rather than those that are strong.
ASEAN Business

A runaway currency is putting Thailand in a tight spot

Transactions made in rupiah see the largest growth when it comes to the use of local currencies in trade settlement among companies in South-east Asia.
ASEAN Business

Rupiah rides surge in Asean cross-border trade using local currencies

Thai Prime Minister Anutin Charnvirakul on Monday asked for support from banks to increase liquidity.
ASEAN Business

Thai PM Anutin asks for more liquidity from banks

The baht stood at around 31.87 per dollar on Friday, and is up about 8 per cent this year, the second-largest gain amongst Asian currencies, behind only the Taiwan dollar.
Banking & Finance

Thai central bank intervenes to slow currency moves

The baht is down as much as 0.6 per cent to 31.92 against the greenback after the report, the most since Jul 31.
Banking & Finance

Thailand to weigh tax on gold trades to slow baht rally

The baht typically gets a boost when Thais sell gold, which is highly valued as an investment, as the US dollar proceeds get converted into the local currency.
ASEAN Business

Thai gold demand seen soaring as strong currency adds to allure

The baht strength also discourages foreign tourists, a key source of revenue for the South-east Asian nation.
Banking & Finance

Thailand vows to curb baht swings as currency hits 4-year high

Thailand is trying to lure international tourists from a wider range of countries, with visitors from China slumping amid safety concerns.
ASEAN Business

Thailand to allow foreign tourists to convert crypto to baht

Thailand’s export outlook has improved after US President Donald Trump decided to lower tariffs on the nation’s goods to 19 per cent from 36 per cent.
ASEAN Business

Thai asset rally set to extend on tariff relief, foreign inflows

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