Rates pause appropriate for now – central bank chief

Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on Friday it was appropriate to pause interest rates for now and keep them at a neutral level, following an unexpected hike this week designed to anchor inflation, which remained a concern going forward. Source: Business

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Dip in manufacturing continues in August

Thailand’s Manufacturing Production Index (MPI) continued to decrease in August, with a year-on-year drop of 7.5% to 91.8 points due mainly to the global economic slowdown that affected exports, says the Office of Industrial Economics (OIE). Source: Business

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Analyst cuts Thai growth projection

The University of the Thai Chamber of Commerce (UTCC) has trimmed its economic growth forecast for this year to 3%, down from 3.6% estimated in December last year, primarily because of lower than expected exports and delays in state budget preparation. Source: Business

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Sakol slashes 2023 revenue target

SET-listed Sakol Energy (SKE), a compressed natural gas trader and biomass power plant operator, has downgraded its revenue target for 2023, which was earlier projected to surge to almost 1 billion baht from 497 million in 2022, due mainly to a delay in operating a new refuse-derived fuel (RDF) production …

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Huawei eyes cybersecurity transparency

Huawei’s global cybersecurity and privacy protection transparency centres aim to address the increasing complexity of the segment and doubts among Western companies about the company’s technologies, particularly its 5G network, amid the ongoing US-China tech skirmish. Source: Business

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Workers to get New Year wage hike

Labour Minister Phiphat Ratchakitprakarn has pledged to raise the minimum wage to an appropriate level next year, but the benchmark of 400 baht per day would not be applied to all sectors as some, such as tourism, already surpass that threshold. Source: Business

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Trade pact with UAE imminent

Thailand and the United Arab Emirates (UAE) are steadily advancing in their bilateral free trade agreement (FTA) negotiations, with discussions now 80% complete. Source: Business

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All Inspire instructed to clarify Q2 financial statements

The Stock Exchange of Thailand (SET) is requiring All Inspire Development (ALL) to clarify information on its second-quarter financial statement after the auditor didn’t express an opinion about the statement, citing uncertainties regarding the company continuing operations. Source: Business

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