The government expects to invest a combined 136 billion baht in developing the eastern region between 2017-2021, with a major portion projected to be splurged on the much-touted Eastern Economic Corridor (EEC).
The stock market's bull run could be fleeting, with a sharp correction possible if there is no clarity on the general election timeline in the third quarter, says the Federation of Thai Capital Market Organizations (Fetco).
The Stock Exchange of Thailand is waiting for greater clarity on initial coin offering (ICO) regulations, but the SET admits that such digital crowdfunding could be considered as a security if it falls into an exchangeable criteria.
JAKARTA: Indonesia's central bank held its key interest rates unchanged for the fourth straight month on Thursday, as widely expected, but said would it accelerate the relaxation of its reserve requirement rules.
KUALA LUMPUR: Top palm oil producers Indonesia and Malaysia on Thursday criticised the European Union for backing a ban on the use of palm oil in biofuels, with a Malaysian minister calling the move a protectionist trade barrier and a form…
The Bank of Thailand said on Thursday its Monetary Policy Committee (MPC) thought monetary policy should remain accommodative to support economic growth and help inflation get back to the target range.
Thailand remains a stellar investment destination among emerging markets, with its bull run expected to continue because of the country's sound economic fundamentals, says veteran investor Mark Mobius.
The Bank of Thailand (BoT) has increased the size of the maximum international money transfer allowed each customer for non-commercial bank business from 200,000 baht per day to 800,000 baht per day in a move to curb the strong baht.
The government expects investment in the Eastern Economic Corridor (EEC) to increase from 500 to 600 billion baht over the next five years, fuelled by stimulus measures and infrastructure projects, says Industry Minister Uttama Savanayana.
Large banks have raised local and foreign currency debentures to lock in cheap costs and increase liquidity in anticipation of higher loan demand, which they expect to be driven by Thailand's positive economic momentum.