baht
- Economy News
Thai baht soars to six-month high against US dollar
The Thai baht opened at 34.78 against the US dollar today, strengthening from yesterday’s close of 35 to a six-month high. The baht’s sudden rise is down to the Bank of Thailand’s (BOT) hiking the policy rate by a quarter point earlier this week. The BOT remains committed to a gradual monetary tightening policy, raising the policy rate from 1%…
- Economy News
Fate of Thai baht depends on return of Chinese tourists, economists say
The Thai baht has been flying recently but its upward trend could draw to a standstill unless Chinese tourists return to the Kingdom of Thailand, according to economists. In the past month, the baht appreciated almost 6% against the US dollar as reports indicated the US Federal Reserve (Fed) would slow down its aggressive interest rate hikes. Despite inflation, a reinvigorated…
- Thailand News
Delivery driver finds huge stash of Thai, Laos and Japanese banknotes under a tree
A delivery driver stumbled across a stash of Thai, Japanese, and Laos banknotes scattered beneath a tree in Udon Thani city centre, northeast Thailand, this morning. The cash – amounting to over 500,000 baht – is suspected to be fake. The driver, 43 year old Somsak Sirikhan, was sitting waiting for a job with five or six other rides. He…
- Thailand News
Winter is Coming to Thailand… I GMT
New rule for cash deposit machines from November 15th. Ministry eyes steps to spur spending. Bangkok could hit lows of 15°C by end of October. Drunken monk with an axe causes chaos smashing cars. Flood-damaged Phuket returning to normal. – all are coming up today.
- Economy News
Economists foresee 38 baht to 1 US dollar this year
With the US dollar strengthening and Thailand’s struggling economy, economic experts predict the baht may fall to 38 to the dollar by the end of this year. The head of capital markets research for Kasikorn Bank believes the baht will continue its instability along with the global money markets as a result of domestic and international factors. While the US…
- Thailand video news
Thailand News Today | Bank of Thailand scrambles to address plummeting Baht
The Bank of Thailand is scrambling to find sources behind the weakening baht as a meeting is called to discuss its impact. As of this recording, the baht trades at 37.4 against the US dollar. Finance Minister Arkhom Termpittayapaisith says the depreciating currency is adding to the inflationary pressures and vowing to determine whether the decline is linked to the country’s economic fundamentals.…
- Hot News
Weakening baht is in focus as meeting called to discuss its impact
The Bank of Thailand is scrambling to find the sources behind the weakening baht as a meeting is called to discuss its impact. Finance Minister, Arkhom Termpittayapaisith, says the depreciating currency is adding to the inflationary pressures and is vowing to determine whether the decline is linked to the country’s economic fundaments. The Finance Ministry is set to hold talks…
- Thailand video news
Is now the best time to invest in Thailand due to the weak Baht | GMT
Is now the best time to invest in Thailand? what are the pros and cons of a weaker Baht? Asia’s largest water park, Bangkok governor election winner and Do Thai teachers and institutions abuse their power? All this and more on today’s Good Morning Thailand.
- Economy News
Thai baht falling over Omicron fears and strong US dollar
As the Covid-19 pandemic drags on, it’s not just our patience and our resolve that is weakening. The Thai baht is falling too, weakening against a stronger US dollar and global fears over the impact of the Omicron variant rapidly spreading throughout the world. Today the conversion rate stands at 33.59 baht to the US dollar just off of its…
- Economy News
Thai baht to continue dropping against the USD
The Thai baht is forecast to droop to a 4-year low over the next trading week, and its largest monthly currency drop for over 20 years. The Baht’s challenges shadow US dollar gains over concerns about the US Fed’s (US Federal Reserve) ‘tapering’ plans as it reins in enthusiastic stimulus of the US economy. Thailand’s baht has been the region’s…
- Thailand video news
Thailand News Today | 32M Pfizer doses on the way, weakening Thai baht | August 13
Thailand’s Public Health Minister says there will be 32.5 million doses of the Pfizer vaccine in the country by the end of the year. The death from Covid-19 of another fully vaccinated healthcare worker has led to increased calls for Pfizer booster shots. The weakening Thai baht, against the US dollar, is propping up the export numbers. Tourism officials in…
- Thailand News
Thai baht goes from top-performing to worst-hit currency in Asia
Before the pandemic, the Thai baht was the strongest-performing currency in Asia. Now, it’s the worst-hit currency in the region, according to Japan-based Mizuho Bank. The Thai economy has been shrinking over the past year, hitting lows which some compare to the contraction during the 1997 Asian financial crisis. The Japanese bank says the under-performance of the Thai baht is…
- Thailand News
Bank of Thailand wrestles with cryptocurrency adoption
The Bank of Thailand is wrestling with cryptocurrency – how to adopt its usage and how to regulate it in the face of growing popularity, along with all the dynamics surrounding the new ‘currencies’.. The BOT admits they’re struggling with balancing the innovation in the financial world and protecting investors in a volatile and unstable market. Digital currency fluctuates much…
- Thailand News
Backhoe driver digs up 100,000 baht in cash buried in Nakhon Si Thammarat
A construction worker came across around 100,000 baht in cash that had been buried underground while he was using a backhoe to level out land in the southern province Nakhon Si Thammarat. Nataya Wakwatee said her father, who used to live on the property, had told her sometime before he died that something was hidden under his bed. She assumed…
- Thailand News
Tower Of Babble – Have your say on The Thaiger – January 21
Tower of Babble is where we read some of your comments made on The Thaiger YouTube videos, as well as our website thethaiger.com and Facebook page. Some are insightful, some are interesting, some need to be shared! And some are just plain funny. If you leave a comment under any of our videos it may be shared on our Tower…
- Thailand News
Tower Of Babble – Have your say on The Thaiger | VIDEO
Tower of Babble is where we read some of your comments to The Thaiger YouTube videos. Some are insightful, some are interesting, some need to be shared! And some are just plain funny. If you leave a comment under any of our videos it may be shared on our Tower of Babble each day. Go to our YouTube channel and…
- Business News
How to buy gold in Thailand – from bracelets to baht
Jett Gunther visits Bangkok’s Chinatown and discusses why you should buy gold in Thailand, and how. Bangkok is home to one of the largest Chinatowns in the world, and the Chinese love gold! Not only is gold highly regarded as a sacred metal, gold has held its value for thousands of years! In the past 20 years alone, the price…
- Business News
Bank of Thailand takes action to curb Thai baht’s strength
The Bank of Thailand has moved forward measures, originally meant to begin early 2021, but most of which will now take effect from end of this month. The end result is that the new rules will make it easier for Thais to shuffle money overseas and invest in foreign assets. It will also make is easier for Thai citizens to…
- Thailand News
Thailand News Today | Emergency Decree, Protesters shot, Baht boost temporary | Nov 18
There’s a link to the final story underneath the video on YouTube. Here we go for Thai PM extends emergency decree to January next year. The government will extend a nationwide emergency decree until at least January 15 next year. The PM has cited the need to prevent a resurgence in coronavirus infections during the peak New Year’s travel period.…
- Economy News
Deputy PM says rise of Thai baht is only temporary
Deputy PM Supattanapong Punmeechaow says that, while the Bank of Thailand is monitoring the current appreciation of the Thai baht, he believes the rise is only temporary. He says the appreciation is being driven by foreign investors turning to the markets as they seek to make a profit by the end of the year. According to Supant Mongkolsutree from the…
- Visa Information
Getting Back to Thailand, the latest information about ASQs and STVs | VIDEO
Whilst some restrictions have been eased, there has been a doubling down on other restrictions for travel back to Thailand at this stage. Here’s all the latest information about the Social Tourist Visa (STV), ASQ (Alternative State Quarantine), golf courses. And then there’s the Thai baht which is causing problems as well. The situation is very fluid but we do…
- Thailand News
Surin merchants report fake 100 baht bills
Fake 100 baht bank notes are reportedly being exchanged in the Isaan province Surin. 2 local merchants say they were each handed what appears to be a counterfeit bill from a customer. A noodle vendor at the Surin Municipal Market says she noticed a 100 baht bill she got from a customer felt strange, more like photocopy paper, she said.…
- Economy News
Source says 3,000 baht handout coming soon, PM says it’s a rumour
Thais are getting some extra cash … Well, maybe. Reports say a 3,000 baht cash handout scheme is in the works to help revive the economy after the pandemic, but PM Prayut Chan-o-cha told the press it’s just a rumour, saying the Thai government “does not plan cash handouts of another 3,000 baht to Thais.” An anonymous source from the…
- Economy News
Thai baht getting stronger
The Thai baht continues to strengthen, coming in at 31.41 against the US dollar. Nation Thailand reports that Jitipol Puksamatanan, Head of Markets Strategy at SCB Securities, predicts the currency will fluctuate between 31.35 and 31.85 against the US dollar, which continues to weaken. xe.com/currencyconverter Meanwhile, the Standard & Poor 500 Index has dropped 0.6%, which is being blamed on…
- Economy News
Somkid’s departure sees baht drop further
The baht’s current shine as the ‘safe’ current in Asia has lost its lustre. After riding high as Asia’s best performing currency last year, the baht has wiped out all of its 8% gains this year during the Covid-19 crisis, and yesterday’s announcement of the resignations of Deputy PM Somkid Jatusripitak and “the four big boys” (4 of Prayut Chan-o-cha’s…
- Crime News
Pathum Thani police hunt “100 million baht auntie”
Police in Pathum Thani, just north of Bangkok, are tracking down a mysterious loan shark known as “Mrs. Millionaire” to face charges that she hired a man to beat a vendor who owed her money, leaving him with permanent brain damage. The woman, whose age is estimated at around aged 65-70, dresses plainly and carries a large rubbish sack around,…
- Thailand News
Thailand growing more expensive for expats
According to Employment Conditions Abroad, Bangkok and Chiang Mai are among the 30 most expensive cities for expats in Asia. The capital of Turkmenistan might not spring to mind when with considering the priciest cities, but according to ECA International it ranks first on both the global and Asian tables, a 5 point rise up the rankings due to an…
- Phuket News
Bangkok mother, daughter swindled out of 1.8 million baht, suspect arrested
Authorities in the southern province of Phuket have arrested a man wanted in Bangkok for swindling a woman and her mother out of nearly 2 million baht. Police in the island’s party town of Patong report that officers received a request from police in Bangkok to arrest 23 year old Narathip Sukprasert, originally from Lop Buri province, about 150 kilometres…
- Economy News
Thai baht up 3% against USD over past month
Potential tourists and expats shipping in money from overseas were hoping the Thai baht would continue to fall against the US dollar. But they’d be surprised that the baht has rebounded in April against the greenback – about 3% in value. But Thailand’s Central Bank is warning that the recent strengthening of the baht against the USD may “not be sustainable”.…
- Covid-19 News
Coronavirus damage to Thai economy estimated at 1 trillion baht
A trillion baht: that’s the estimated damage to Thailand’s national economy, from the COVID-19 pandemic, while business confidence for the first quarter has dropped to 47.2%, the lowest in nearly 2 years. This according to the report by the Centre for Economic and Business Forecasts of the University of Thai Chamber of Commerce. The centre did a survey of businesses…
