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KTB raises interest rates effective from 4 June onwards
The state-owned Krung Thai Bank (KTB) has decided to raise their interest rates in line with the recent policy interest rate adjustment of the Monetary Policy Committee (MPC). The KTB…
Average global oil price to exceed US$105 in 2011
The global crude oil price is anticipated to stand over 105 US dollars per barrel on average throughout 2011, according to domestic oil retailer and refinery Bangchak Petroleum Plc. Bangchak…
3 state-owned banks joining hands for SMEs
Three state-owned banks have teamed up to provide one-stop service for small and medium enterprises (SMEs) following the policy of the Ministry of Finance. Speaking after opening the first pilot…
BoT warns investors of capital flow reversals
The Bank of Thailand (BoT) has warned investors and entrepreneurs of high risk from fluctuations of capital movements in the latter half of 2011. BoT Governor Dr Prasarn Trairatvorakul stated…
PTT, Bangchak raise oil prices today
Domestic oil retailers and refineries, PTT Plc and Bangchak Petroleum Plc, have already increased retail oil prices by 50 satang per liter for benzene 91, 40 satang for gasohol 91…
Thai exports not affected much by VND devaluation
Thailand’s exports would not be affected much from the recent announcement of the Vietnamese authorities to depreciate its dong currency, according to Siam Commercial Bank (SCB). SCB Executive Vice President…
KResearch expects baht at 30.70-31.20/US dollar this week
Kasikorn Research Center (KResearch) has predicted that the baht will move in the range of 30.70 and 31.20 baht against the greenback this week. KResearch is urging investors to keep…
FPO: Q4/2010 econ figures better than expected
Many economic figures of Thailand in the last quarter of 2010 have turned out to be better than expected boosting the overall image of the national economy, according to the…
BoT: 2011 Thai econ growth anticipated at 3-5%
The Bank of Thailand (BoT) expects that the Thai economy in 2011 would expand by 3-5% amid the ongoing domestic polical instability and other risk factors from the rising inflation…
Dec 2010 revenue collection recorded at over 121 bn THB
Revenue collection for December 2010 is recorded at over 121 billion THB, higher than the expected amount of nearly 15 billion THB, while revenue collection for the first quarter of…
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