Asia

Economy

Staff Reporter

, Thailand

Published:

11 years ago

Policy rate cut looms in Thailand

The interest rate stands pat at 3% and analysts foresee a rising chance of a further rate cut.

According to BBVA Research, the Bank of Thailand (BOT) held its overnight interest rate at 3.0%, as expected. The bank mentioned that "the impact of slower global demand on the Thai economy had increased to some extent.” Therefore, the chances of a rate cut in the coming months are rising as the impact from the global downturn in Thailand's economy becomes apparent, and as the BOT is facing increasing political pressure to ease policy

Also Read

Singapore-ASEAN trade stands at $295.6b in 2023

IRAS to reclaim $60m from '99-to-1' ABSD loophole exploiters

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Tan Tock Seng Hospital introduces flexible working shifts for nurses

The initiative allows nurses to have a mix of routine and flexible shifts.

Healthcare

16 hours ago

UOB grants 30,400 shares to eligible non-executive directors

The share awards are part of the directors’ remuneration for 2023.

17 hours ago

Riverstone logs 54.5% YoY net profit growth in Q124

This marks the fifth consecutive quarter of growth for the company.

Healthcare

17 hours ago

OCBC logs record net profit of S$1.98b in Q1; EPS is S$1.76

Higher wealth management and insurance income pushed up fee income.

17 hours ago

Exclusives

New guideline restricts rejections of flexible work arrangement requests to business factors

By December this year, employees whose requests were rejected based on bias can seek union aid.

HR & Education

Startup future-proofs coffee with bean-free alternative amidst climate crisis

Prefer transforms surplus ingredients like day-old bread, soybean pulp, and barley grains into bean-free coffee.

Food & Beverage

Industry boosts accounting appeal with new roles, education programmes

There has been a 10% decrease in accounting degree students at universities in Singapore.

Financial Services

20 Hottest Startups of 2024

Sustainability-focused startups dominated the list.

Markets & Investing

Event News

Wiseasy Technology earns a win in the Payments category at the SBR National Business Awards 2024

Co-Written / Partner

Wiseasy's WiseQ Mobile Payment Solution is shaping the future of the QR payments landscape for businesses, designed to prevent fraud and inefficiency, and ultimately, to serve an even bigger purpose.

Energy & Offshore SBR Technology Excellence Awards 2024 Winner: Senoko Energy

Co-Written / Partner Rezeca Renewables takes home Energy category trophy at SBR National Business Awards 2024

Co-Written / Partner Infineum triumphs with Big Data - Chemicals win at SBR Technology Excellence Awards

Co-Written / Partner Wiseasy Technology earns a win in the Payments category at the SBR National Business Awards 2024

Wiseasy's WiseQ Mobile Payment Solution is shaping the future of the QR payments landscape for businesses, designed to prevent fraud and inefficiency, and ultimately, to serve an even bigger purpose.