Markets

Thailand’s Credit rating Down to Negative

Published

11 years ago

April 20, 2010

The outlook on Thailand’s long-term local currency credit rating was cut to negative from stable by Fitch Ratings, citing the country’s worsening political unrest.

The rating for the local-currency debt was affirmed at A-. The country’s long-term foreign currency credit rating was kept at BBB with a stable outlook, Fitch said in a statement today.

The change in outlook “reflects an escalation in political uncertainty, coupled with a slow economic recovery and a deteriorating policy environment, all of which are expected to impact adversely on sovereign creditworthiness over time,” Vincent Ho, associate director in Fitch’s Asia sovereign ratings team, said in the statement.

Clashes this month between Thai anti-government protesters and security forces in Bangkok killed 25 people and injured over 800 others in the deadliest political violence in 18 years. Tourism may be “decimated” by the unrest, and economic growth may be shaved by one or two percentage points, Finance Minister Korn Chatikavanij said April 15.

via Thai Local Credit Outlook Cut to Negative by Fitch (Update2) – BusinessWeek.

Forex

How to Trade the EUR/USD Currency Pair: Professional Tips

The behaviour of the EUR/USD pair is a kind of indicator showing the comparative condition of the US and EU economies. If the US economy steadily grows, and problems arise in the EU, the EUR/USD decreases.

Published

3 months ago

October 22, 2020

Pr News

EUR/USD is one of the most popular currency pairs for Forex trading. Since the beginning of trading in 1999, the currency pair has undergone significant changes. For the first two years, the future for the euro was uncertain and the quotation was declining, reaching a minimum of 0.8200.

(more…)

Markets

Thailand remains ASEAN’s largest Exporter of Vegetables

Currently, the kingdom has FTA agreements with 17 countries, 13 of which no longer levy import duties on Thai vegetables, including China, Hong Kong, Australia, New Zealand, Japan, Chile, Peru and 6 countries in ASEAN.

Published

5 months ago

August 16, 2020

National News Bureau of Thailand

Thailand has FTA agreements with 17 countries, 13 of which no longer levy import duties on Thai vegetables.

LAMPANG (NNT) – Despite economic stagnation and border closures, due to COVID-19, Thailand remains ASEAN’s largest exporter of fresh refrigerated vegetables, while being 14th in the world.

(more…)

commodities

Gold rush hits Thailand as prices surge

The value of gold has rocketed by Bt7,000 per baht weight since the beginning of this year, generating returns of over 20 per cent.

Published

5 months ago

July 30, 2020

Akanksha Singh

Photo : Adam Jones

People flocked to sell their gold at China town. The Gold Traders Association announced the buying and selling prices of gold has increased by 50 baht to a historic high.

(more…)