Bank props up a slipping baht while Thai unions strongly pursue ฿492 minimum daily wage claim
Thai Examiner - Thailand's news for foreigners di Thai Examiner
Note sull'episodio
The slow return of the foreign tourism industry and rising living costs were among the reasons given by JP Morgan as it downgraded its investor rating for both Thai equities and the kingdom’s industrial sector last Monday. The kingdom’s more than adequate Foreign Exchange Reserves dropped by 5.7% in April with reports that the Bank of Thailand has been intervening to prop up the baht against the dollar even as it gained ground against both the euro and pound sterling.
Joseph O' Connor reports from Bangkok.
Parole chiave
bank props up baht as unions seek pay risunder pressure baht brings pressure to raise interest rates as economy battles rising oil prices unions seek minimum wage of ฿492