Search Results for: Thai baht
- Thailand News
Thai baht bus driver hits and kills colleague on Chon Buri road
A Thai baht bus driver hit and killed his colleague on Sukhumvit Road in Chon Buri province yesterday, January 22, following an argument over their work schedule. An app-based food delivery rider, Parkphum, contacted officers from Saen Suk Police Station at around 10am yesterday to report the incident. Parkphum later told Amarin TV that he was on his way to deliver…
- Business News
Thai baht to fall to 35.50 against US dollar by 2025
Kasikorn Research Centre (K-Research) forecasts that the Thai baht will depreciate, reaching 34.50 to the US dollar by the end of this year and sliding further to 35.50 in 2025. This prediction comes as new US government policies are expected to exert pressure on the Chinese yuan next year. The baht recently hit a three-month low of 34.61 against the…
- Business News
Thai baht hits lowest level amid central bank independence fears
Thailand’s baht suffered a significant drop, marking the largest decline among Asian currencies amid growing concerns over the diminishing independence of the nation’s central bank. The baht depreciated by over 1% to 34.739 against the US dollar, reaching its weakest level since August 19. This decline followed reports that Kittiratt Na-Ranong, a former finance minister known for his critical stance…
- Thailand video news
Thailand video news | Phuket’s tourism tax won’t affect foreign residents or workers, Thai baht may weaken if Trump wins US election
In today’s coverage, Alex brings top stories from Thailand and Southeast Asia to Thailand video news. Key updates include Phuket’s tourism tax exemptions for foreign residents, potential impacts on the Thai baht in the upcoming U.S. election, and rising PM2.5 pollution levels in Bangkok. Additionally, Thailand’s retirement age increased to 65, a driver’s heroic action stopping a gunman in Phatthalung,…
- Business News
Thai baht hits 19-month high as US dollar weakens
The Thai baht has soared to its highest level in 19 months against the US dollar, driven by a weaker American currency and profit-taking in gold markets. Opening at 32.92 per dollar today, the baht marked a significant rise from September 20’s closing rate of 33.60 baht. This appreciation follows the dollar’s depreciation, which was triggered by the US Federal…
- Business News
Thai baht rally faces threats amid political drama and bank policy
Thailand’s recent baht rally faces a rocky road as the country dives into political chaos just before the central bank’s policy meeting this week. Since July, the baht has been a star performer, climbing up the ranks as tourism bounced back from a near two-year low against the US dollar in May. But this impressive upswing could be at risk…
- Business News
Thai baht may appreciate to 35.30 per dollar amid BoJ rate hike
The Thai baht could experience further appreciation to 35.30 per US dollar in the short term, following a four-month high of 35.72 reached early yesterday. Political instability and deteriorating fiscal conditions due to the government’s populist policies, however, may hinder a significant rebound of the Thai currency. Asian currencies, including the baht, surged after the Bank of Japan (BoJ) raised…
- Thailand News
Russian man arrested for exchanging fake euro bills for Thai baht
Chon Buri Provincial Immigration Bureau officers arrested a Russian man after he tricked a Thai man into exchanging his fake euro bills for Thai baht. The counterfeit euro banknotes, worth 7,000 euros (280,000 baht) were seized. The arrest of the Russian man, 29 year old Abdulkhakim Khasanov, took place at noon on July 8, following a complaint from a Thai…
- Business News
Thai baht finds its groove: Depreciation rate takes a dip
The Thai baht experienced a lessening in its depreciation rate in April, buoyed by an uptick in the country’s economic performance. A leading figure from the country’s central bank anticipates that the local currency will make a recovery in the second half of the year. In the initial quarter of this year, the baht saw a 7.8% decline against the…
- Business News
Thai baht expected to weaken against US dollar
The Thai baht is expected to weaken to an estimated 37.20 baht against the US dollar later this week, due to the continued Middle East tensions, says Kasikorn Research Centre (K-Research). The economic indicators from the US, due for release this week, are also predicted to bolster the dollar’s strength. Monday morning trading saw the Thai currency quoted at 36.97…
- Thailand News
Fake gold sales soar as Thai baht-weight hits 40,000 baht record
Gold prices have recently skyrocketed, touching a record high of 40,000 baht per baht-weight, prompting a surge in sales for fake gold shops as genuine gold becomes less accessible for many consumers. Amidst these soaring prices, the allure of fake gold that doesn’t tarnish but cannot be pawned has captured a diverse customer base, from luxury car drivers to factory…
- Business News
Weakening Thai baht forecast due to economic cost factors
Analysts predict a decline in the value of the Thai baht, the nation’s currency, attributed to various factors such as sluggish economic growth, elevated freight expenses, and discord regarding reductions in interest rates. It is anticipated that the baht will fluctuate within the range of 36 to 36.50 against the US dollar throughout this month. On Wednesday, the baht recorded…
- Business News
Thai baht surges as US dollar weakens ahead of Federal Reserve meeting
The Thai baht experienced an upturn against a weakening US dollar, with investors predicting the US Federal Reserve to hold its policy rate steady in the upcoming meeting this week. The baht yesterday, January 30, initiated at 35.38 to the dollar, a rise from Monday’s close at 35.58. The local currency fluctuated between 35.28 and 35.45 against the dollar and…
- Business News
Thai baht heads for poorest January since 2020
The Thai baht, after experiencing a nearly 4% loss compared to the US dollar, is on track for its poorest January performance since 2020. The currency’s downfall signals further challenges ahead, given the significant outflows. Emerging Asia’s top-performing currency in the fourth quarter turned into this year’s biggest loser as global funds avoid Thai assets. This comes amid a dispute…
- Business News
Thai baht could depreciate further against US dollar, says K-Research
The Thai baht, already experiencing a downward trend, could further depreciate against the US dollar, potentially reaching 36 baht to a dollar, according to Kasikorn Research Centre (K-Research). This forecast is contingent upon robust US economic data, set to be released later this week, which could indicate a resilient US economy. Additionally, any delays in the Federal Reserve’s proposed trimming…
- Thailand News
Pattaya taxi operator finds and returns 64,800 Thai baht left on street
A taxi service operator in Pattaya found a bag containing a substantial amount of money at around 8.30pm yesterday, January 5. The operator, 58 year old Wilailak Pimnoy discovered a clear plastic bag filled with US$1,500 (approximately 54,000 Thai baht) and an additional 10,800 Thai baht. The found money, totalling 64,800 Thai baht, was on the street in front of…
- Thailand News
Rescued calf for 100 Thai baht warms hearts on TikTok journey
The young calf that warmed the hearts of TikTok users by sitting in the back of a pickup truck on its journey home has been found. The touching backstory of the calf, worth merely a hundred baht, has since been revealed. On New Year’s Eve, a TikTok user captured a video of the calf sitting in a pickup truck, registration…
- Thailand News
Durian Lablae trousers: Uttradit’s new sensation at just 199 Thai baht
Uttradit’s latest hit, the Soft Power Collection, has unveiled its new product, the Durian Lablae trousers. The trousers, which feature the distinctive characteristics of the Lablae area, are gaining attention for their use of high-quality silk, providing lightweight comfort without heat or tightness. Today (December 26), a report at the Tawan Chai Pha Pha Cotton Shop in Mae Phul, Lablae,…
- Thailand News
Indian national arrested in Ang Thong over illegal loans in Thai baht
An Indian national has been arrested for operating an illegal daily loan scheme in Ang Thong. The arrest followed complaints by residents to the local Justice Centre about the extortionate interest rates and violent threats from the loan shark. The investigation, conducted today, November 30, found that an Indian man, identified only as Harinda, had loaned amounts ranging from 2,000…
- Thailand News
December horoscope: Astrologer reveals fortune in Thai baht
As the year-end approaches, astrologer Thosporn cautions zodiac signs to stay vigilant during the final month of this year. The warning comes as he unveils the horoscope for December, highlighting the signs that will enjoy good fortune, those set to receive a significant monetary windfall, and those expected to experience luck in their relationships. However, some signs may face deception.…
- Thailand News
Three strategies to pay off your home loan faster in Thai baht
The topic of mortgage payments has been making waves on social media recently, following a Facebook user sharing their experience of repaying a home loan with a bank. The user was required to pay 10,900 baht, but after deducting the principal amount, only 5.50 baht was left, the remainder being interest. Today, we want to share three easy, effective strategies…
- Business News
Thai baht hits six-week high ahead of Federal Reserve meeting
The Thai baht reached a six-week high against the US dollar yesterday morning, trading at 35.86. Analysts predict further appreciation if the Federal Reserve does not provide clear indications regarding United States interest rate trends at its upcoming meeting. As Head of Research at Kasikorn Research Centre, Kanjana Chockpisansin observed that the baht’s quick appreciation from 36.50 to the US…
- Thailand News
Chiang Rai man discovers three-carat natural pearl worth thousands of Thai baht
A three-carat natural pearl discovered inside a clam has been confirmed as genuine. The owner, who hails from Buasali, Mae Lao, Chiang Rai, vowed to keep the valuable find for its auspicious significance rather than sell it. Yesterday, in Chiang Rai, the news of 45 year old Sethapong Sivavong’s unusual discovery, a 1-centimetre pearl inside a clam, made headlines. Sethapong,…
- Economy News
Thai baht hits new low against US dollar amid gold price drop
The 2023 financial year has seen the Thai baht rank as one of the region’s poorest performing currencies, depreciating to a low of 37.14 to the US dollar on Tuesday – a level not seen since November of the previous year. The recent plummet in gold prices, with a decline of around 5% or US$7.45 (274.65 baht) per ounce, has…
- Thailand News
Krungsri Bank anticipates Thai baht fluctuation amid global market developments
The Global Markets team at Krungsri Bank predicts a movement in the Thai baht this week within the range of 35.40 to 36.00 baht per US dollar. Last week, the baht closed weaker at 35.79 baht per US dollar after trading in the range of 35.43 to 35.82 baht per US dollar. The dollar strengthened against the euro but held…
- Business News
Thai baht instability rises due to political unrest
Political unrest is heightening baht oscillations against the US dollar, as Thailand finds itself without a stable government, the head of the Bank Thailand asserts. This turbulence introduces a greater risk factor amongst investors who are observing the foreign exchange rate, particularly between the baht and the US dollar, in light of Thailand’s current political developments. Post Thailand’s General Election…
- Business News
Thai baht’s unexpected surge makes a splash, takes the lead in Asian currency gains
In an unexpected buoy of currency today, the Thai baht took the lead in Asian currency gains, reaching a two-month apex. This surge, of 0.9%, comes in the wake of strong hopes for the resolution of Thailand‘s political deadlock and a waning US dollar, factors that buoyed the sentiments of investors. Meanwhile, share market traders adopted a cautious stance; local…
- Economy News
Business uncertainty fuels Thai Baht dip amid political unrest and Asian currency devaluation
Embroiled in political and business uncertainty, the Thai baht plummeted to a low unseen since last November, a seven-month dip, agitating investor confidence. This occurred alongside a universal lowering in the value of various emergent Asian currencies versus an emboldened dollar, fuelled by robust US data allaying recession fears. Stock markets in the region largely painted a bleak picture, with…
- World News
Thai baht and Singapore dollar battle for strongest regional currency
China is reopening its borders, pushing economists to predict that an influx of Chinese tourists to Thailand will propel the Thai baht into Southeast Asia’s reigning currency in 2023. But the baht has one regional competitor: the trusty Singapore dollar. Thailand’s economy heavily depends on tourism revenue. In 2019, Chinese tourists made up over 40% of the 40 million tourist…
- Northern Thailand News
Monkey steals bag containing 50,000 Thai baht and throws it off a cliff
A trouble-making monkey in Srisaket province, northeast Thailand, stole a tourist’s tote bag and launched it off the side of a cliff yesterday after finding nothing edible inside it. A team of park rangers scaled down the cliffside to retrieve the bag, which contained 50,000 baht (US$1,438) in cash. Park rangers at Khao Phra Wihan National Park received a call from…
