Market Watch

The Thai household debt situation after COVID-19

10.8% of surveyed population could suffer financial crisis at the household levelWith the anticipated progress of vaccine distribution in Thailand and major economies, together with the government’s ongoing economic stimulus measures, it is believed that the Thai economy will...

Citibank announces sale of Thailand operations and other regional assets

Global banking giant Citigroup announced this week that it was looking to divest its operations in Thailand as part of a move to ‘exit’ as many as 13 countries.Citibank, which is Thailand’s largest credit card issuer, made the announcement...

BOT says outbreak must be tackled or economy will suffer and re-opening will be postponed

Thailand’s economic growth in the first quarter will likely contract from the previous quarter and when compared to the same period last year due to the resurgence of local Covid-19 infections, said the central bank on Friday.The economy...

Consumer confidence down on covid fears

Thailand's Consumer Confidence Index in March fell to 48.5 points from 49.4 points in February over fears from a new wave of Covid-19 and political instability, a forecaster said Thursday.The University of the Thai Chamber of Commerce, which...

Sri Trang Gloves hits five month high after new pandemic fears

Shares of Sri Trang Gloves Thailand (STGT), one of the world's leading rubber glove producers, surged to a five-month high due to strong global demand and a new wave of coronavirus infections in Thailand. The share price for STGT...

Less contracted inflation in March is in line with the improvement of demands, the Ministry of Commerce said

Thai headline consumer price index (CPI) dropped 0.08 per cent year-on-year in March to 99.11 points, the smallest contraction seen in 13 months, due to higher energy and swine prices, the Ministry of Commerce said on Monday.“Less contracted inflation...

Songkran spending likely dampened by ban on water fights

Thai consumer spending during the Songkran holiday in 2021 is expected to plunge to a nine-year low at 112 billion baht, lower than the earlier estimate of 140 billion baht, the University of the Thai Chamber of Commerce (UTCC)...

Manufacturing declines slightly but overall economy has improved

Thailand’s manufacturing production index (MPI) continued to drop in February, falling 1.08 per cent to 99.68 points versus a year earlier due to lower oil production, the Office of Industrial Economics reported Wednesday.The industrial output figure of February was...

Seamico’s continued gains prompts SET alert

The Stock Exchange of Thailand (SET) warned, on Tuesday, investors looking to trade Seamico Capital (ZMICO), a securities company, after the price rose irregularly. The SET flagged the stock in its alert list.Shares of Seamico Capital closed the morning...

Central bank trims growth projection, holds base rate

The Bank of Thailand cut Thailand’s economic growth projection to 3 per cent for 2021 from 3.2 per cent predicted in December, on grounds of the pace of vaccination and outlook for tourism, but kept the base rate unchanged,...

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