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103
Report Pattaya Plans AI Drone Patrols to Hunt Overstayers and Crooks in Real Time
Like something out of Blade Runner, hunting robot hookers. -
198
Greta Thunberg’s Gaza Aid Voyage Sparks Controversy After Senator’s Mocking Remark
"I was illegally kidnapped by Israel " *I am boycotting Israel and airplanes as well * -
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THAILAND LIVE Thailand Live Thursday 12 June 2025
Siam Commercial Bank Predicts Limited Baht Strengthening Amid Volatile Market Picture courtesy of Bangkok Post Siam Commercial Bank (SCB), the fourth-largest lender in Thailand by total assets, is forecasting a moderate strengthening of the baht against the US dollar during the latter half of the year. However, this upward movement is expected to be constrained due to Thailand's slower GDP growth in 2025. Full Story: https://aseannow.com/topic/1363447-siam-commercial-bank-predicts-limited-baht-strengthening-amid-volatile-market/ -
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Non-O Visa - Meaning of 'Valid until' Date
I always thought the 'valid until' date of a non-O visa (e.g., due to marriage to a Thai citizen) was the last possible date for entry into Thailand. You get a stamp in your passport indicating the length of stay. This means you can stay in Thailand even if the visa has already expired. Can someone please confirm this, please? I'm asking because it seems to be different with Schengen visas. There, the 'valid until' date is the date by which you must leave the Schengen area at the latest. Thank you. -
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Trump was just served a rather humiliating defeat by China.
"Great man"...........🤣 -
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Economy Siam Commercial Bank Predicts Limited Baht Strengthening Amid Volatile Market
Picture courtesy of Bangkok Post Siam Commercial Bank (SCB), the fourth-largest lender in Thailand by total assets, is forecasting a moderate strengthening of the baht against the US dollar during the latter half of the year. However, this upward movement is expected to be constrained due to Thailand's slower GDP growth in 2025. SCB anticipates the baht's value to fluctuate between 31.50 and 32.50 against the dollar by year-end. This forecast is largely influenced by external factors, particularly the weakening of the US dollar. According to Wachirawat Banchuen, senior financial markets strategist at SCB, this depreciation in the dollar is fuelled by growing uncertainty around US tariff policies. Mr Wachirawat highlights a trend of global investors diversifying away from US assets, which has led to capital outflows from the US and put downward pressure on the dollar. These capital flows are increasingly directed towards European, Asian, and emerging markets. Despite these conditions, Mr Wachirawat notes that Thailand's capital and money markets may see less benefit from these inflows compared to regional peers, primarily due to the country's tepid growth outlook. As a result, the baht's potential appreciation in the second half is likely to be limited. This year, the baht has gained 4.8% against the dollar, trailing behind currencies like the South Korean won and Taiwan dollar. The baht's volatility is also notable, ranking third in the region with a fluctuation rate of 10.1%, following the yen (13%) and the won (13%). Patrick Poulier, SCB's first executive vice-president and head of financial markets, commented on the baht’s increased volatility, with fluctuations now ranging from 2-5 baht per year against the US dollar, compared to a previous range of 1-2 baht. The volatility has led SCB to advise businesses—especially importers and exporters with significant foreign currency exposure—to consider foreign exchange hedging as a protective measure against exchange rate risks. Mr Poulier recommends that businesses hedge around 30-50% of their total foreign exchange exposure to mitigate risks effectively. While the average hedging proportion among SCB's business clients is about 50%, some businesses remain below this threshold and are thus more vulnerable. SCB has observed a rise in interest among its clients in managing foreign exchange risks, with hedging-related activities increasing annually by 5-10% over recent years. To meet this growing demand, SCB has expanded its foreign exchange risk management services, offering a range of solutions through digital platforms for both individual and corporate clients. Adapted by ASEAN Now from Bangkok Post 2025-06-12
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