Fetco suggests government raise public debt ceiling bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
ICI drops to neutral terrain
published : 6 Jul 2021 at 04:00
The Investor Confidence Index (ICI) for the next three months dropped to the neutral territory for the first time in eight months due to rising concerns about the prolonged pandemic.
However, investors expected capital inflows in the second half of the year after a recovery in listed companies profits and a weakening of the US dollar.
Paiboon Nalinthrangkurn, chairman of the Federation of Thai Capital Market Organizations (Fetco), said the FETCO ICI in June, which anticipated market conditions over the next three months, is at 106.05, down 16.1% from the previous month due to the pandemic.
The flipside of stablecoins The flipside of stablecoins
The central bank banned privately developed baht-based stablecoins, yet indicated interest in developing its own coin in the future
published : 19 Apr 2021 at 04:30
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Stablecoins are a new class of cryptocurrencies pegged to traditional financial assets such as fiat currencies, offering crypto traders safe harbour in a market characterised by volatility.
Thailand knows the risks of pegging currencies, given its attempt to tie the baht to the US dollar, which spurred the 1997 Asian financial crisis. The Bank of Thailand has already banned the use of a privately developed baht-based stablecoin before it could be publicly bought or sold, fearing it could destabilise the currency, yet it also indicated interest in developing its own coin in the future.
Investors bullish as jab rollout looms bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.