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Moody’s downgrades PTTGC to Baa3 with negative outlook

Moody’s Investors Service has downgraded PTT Global Chemical Public Company Limited’s issuer rating and other ratings due to concerns about the company’s high leverage and challenging market conditions in the petrochemical sector. Key TakeawaysMoody’s has downgraded PTT Global Chemical’s issuer rating and related notes due to the company’s high...

Thailand Vietnam bilateral trade expected to reach US$25Bn next year

Bilateral trade between Thailand and Vietnam is anticipated to soar to $25 billion in the upcoming year. The Thai Chamber of Commerce aims to increase bilateral trade between Thailand and Vietnam to $25 billion next year, with the help of young entrepreneurs and start-ups. The chairman of the Thai Chamber...

Thai Airways returns to profitability as travel demand increases

Thai Airways International reported a net profit of 2.2 billion baht ($62.6 million) for the April-June quarter, a significant improvement from the 3.2 billion baht net loss in the same period last year. The airline’s turnaround was driven by increased demand for flights to China and Japan, as well as...

Bank of Thailand rules out rate cut in the near future

The Governor of the Central Bank of Thailand, Sethaput Suthiwartnarueput, has stated that there will be no interest rate cuts in the near future, as the country’s economy continues to recover. Key TakeawaysThe Bank of Thailand governor has ruled out any interest rate cuts in the near future, signaling a...

Political uncertainty forces tourism industry to cut arrival estimates by 2 million

The tourism industry is reducing arrival estimates by 2 million due to political uncertainty. The delay in the formation of a new government in Thailand has led to a revision in the Tourism Council of Thailand's (TCT) estimate of tourist arrivals for this year. The TCT now expects 28 million...

Bank of Thailand raises key interest rate to highest level in nine years

The Bank of Thailand has raised its key interest rate to a nine-year high of 2.25% due to concerns about rising prices. Key Takeaways The Bank of Thailand raised its key interest rate to 2.25%, citing concerns about upside risks to prices and the need to ensure inflation stays low...

Critical policies needed to tackle high household debt and increase income

Increasing income through policy measures is crucial in addressing the burden of high household debt. By implementing effective policies, such as promoting job growth and raising wages, individuals can better manage their debts and achieve financial stability. Economic experts in Thailand are criticizing the income increase policies of the outgoing...

Thai exports declined for nine consecutive months

Thailand’s exports have experienced a continuous decline for nine months in a row, but there is hope for a recovery in the second half of the year. The decline in exports is primarily attributed to the slow economic recovery in major trade partners such as China and the US....