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Business 05 Jun 2013 | 4:16 PM

Sing dlr near 5-mth high vs baht as foreigners step up Thai bond sales

SINGAPORE: The Singapore dollar hit a near five-month high against the baht on Wednesday as foreign selling of Thai bonds prompted investors to unwind long baht bets against the city-state currency, traders said.

Business 01 Jul 2017 | 12:00 AM

Thailand copes with super baht 20 years after currency crash

TWO decades ago, Thailand became ground zero of the Asia financial crisis, when its government scrapped a dollar peg with the baht, a devaluation that unleashed a wave of speculative attacks on other regional currencies and shook the global economy. Now, the baht is again posing challenges for Thailand but this time because it may be too strong.

Business 30 Apr 2013 | 12:00 AM

Thai govt keeps up pressure on central bank to tame baht

BANGKOK: Thai Finance Minister Kittirat Na Ranong has asked the central bank to submit measures capable of holding down the baht if it chooses not to cut interest rates, a senior Finance Ministry official said.

Business 29 May 2019 | 7:39 AM

Foreign inflows drive Thai baht to top emerging currency

BANGKOK: The Thai baht defied the "Sell in May” playbook and is heading for the top spot in in global emerging markets this month, driven in part by foreign inflows into the nation’s bond and stock markets.

Business 31 May 2013 | 12:00 AM

Measures to stabilise baht

BANGKOK: Thailand’s prime minister said the central bank could take more action to ensure stability in the baht after Wednesday’s interest rate cut, which the government had pushed for as a way of holding down the currency.

Business 03 Feb 2014 | 1:53 PM

Thai vote gives brief reprieve to baht; rupiah up after solid trade data

SINGAPORE: The Thai baht bounced on Monday after a surprisingly peaceful election over the weekend triggered short-covering, though plans to continue efforts to topple Prime Minister Yingluck Shinawatra and stress in emerging markets tempered the gains.

Business 05 Jul 2019 | 12:00 AM

Thailand wants to restrain surging baht

BANGKOK: Thailand’s central bank is fretting over how to cool the world-beating surge in the baht just as the US keeps a watchful eye out for signs of unfair currency policies.

Economy 18 Feb 2019 | 12:00 AM

Thai GDP could give baht rally further boost

SINGAPORE: The baht is looking to repeat its performance as one of Asia’s best currencies last year. Today’s growth data will shed light on a key pillar of its recent strength and may help it stay in pole position at least through the first quarter.

Business 14 May 2013 | 12:00 AM

Ministry: Baht should be kept stable

BANGKOK: Thailand’s finance minister met the central bank’s policymaking committee and they agreed on the need to keep the baht competitive, but they did not discuss interest rates or measures to hold down the currency as financial markets had expected.

Business 11 Oct 2016 | 12:00 AM

Thai king’s health weighs on baht as stocks tumble with bonds

BANGKOK: Thailand’s baht fell for sixth day, the longest stretch of losses this year, as investors sold the nation’s assets after the royal palace said the king’s condition was unstable.