The currency could fall to 4.50 against the dollar, says Adam Reynolds, CEO, Asia Pacific of Saxo Bank Group.» Read More
*The Aug. 17 bomb in Bangkok killed 20 people. BANGKOK, Aug 29- Police hunting for the perpetrators of Thailand's deadliest bombing arrested a foreign man on Saturday they said fitted the description of a suspect seen leaving a rucksack at the site of the Bangkok blast nearly two weeks ago. Among the dead were 14 foreigners, including seven from mainland China and...
BANGKOK, Aug 29- A suspect arrested in Thailand's capital on Saturday in connection with a bombing that killed 20 in Bangkok 12 days ago was a foreign national, a police spokesman said. Several television channels showed an image of a passport they said was found at the apartment in the northern Bangkok suburb where the man was arrested during a police raid.
BANGKOK, Aug 29- Police hunting for the perpetrators of Thailand's deadliest bombing arrested a suspect on Saturday they said fitted the description of a man seen on security cameras leaving a rucksack at the site of the Aug. 17 Bangkok blast. Police raided an apartment in a northern suburb of the capital on Saturday afternoon and discovered possible...
BANGKOK, Aug 28- Thai factory output fell less than expected in July on strong growth in the auto sector, but a fifth month of persistently weak production will be a challenge for the new economic team tasked with revitalising Thailand's economy. With exports and domestic demand sluggish, Southeast Asia's second-largest economy has failed to emerge from a...
BEIJING— China's main stock index surged 5.3 percent Thursday, its biggest gain in eight weeks, as markets across Asia advanced in the wake of Wall Street's rebound, giving investors some relief after gut-wrenching global losses. Elsewhere in Asia, Hong Kong's Hang Seng rose 2.9 percent to 21,697.31 and Tokyo's Nikkei 225 added 1.1 percent to 18,574.44.
BANGKOK— Thailand's prime minister has reshuffled his Cabinet, responding to concerns that the military-installed government has failed to revive the badly lagging economy. Thailand's exports and economy remain weak, and the baht is among the region's worst performers. The new appointments became effective Thursday with their publication in the Royal...
Adithep Vanabriksha, chief investment officer for Thailand at Aberdeen Asset Management, expects the deadly bomb attack to be a big hit on Thailand's tourism industry and consumer confidence.
Korn Chatikavanij, deputy leader of the Democrat Party of Thailand, says the deadly explosion has "brought the Thai people together in a way that haven't been seen in years."
Thitinan Pongsudhirak, director of the institute of security and international studies at the Chulalongkorn University, analyzes the possible ramifications of this week's deadly explosion in Bangkok.
Thai police are hunting for a "foreigner" and at least two other men suspected of carrying out the deadly bombing in central Bangkok. CNBC's Sri Jegarajah reports.
Apart from happening during the peak hour, the attack was carried out one day after the Mother's Day celebrations, catching the police off guard, says Prinn Panitchpakdi, country head, Thailand at CLSA Securities.
Adrian Dunn, CIO at Brooker Dunn Asset Advisory, says the deadly bomb attack is one of the many economic and political problems that Thailand is currently facing.
Roy Teo, senior FX strategist at ABN AMRO Bank, says Thailand's tourism industry will likely be impacted in the near term, thereby raising the risk for more fiscal and monetary stimulus.
Kim McQuay, Country Representative for Thailand at The Asia Foundation, says Thai authorities seem determined to conduct the investigations in a "methodical" and "mature" manner.
Pakorn Peetathawatchai, head of corporate strategy & finance division, Stock Exchange of Thailand (SET), outlines the importance for the stock market to remain open despite Monday's deadly explosion.
While the deadly explosion has resulted in short-term cancellations, Dillip Rajakarier, CEO of Minor Hotel Group, believes that Thailand's tourism industry can recover as it has done previously.
Darren Buckley, president of the American Chamber of Commerce (AmCham) Thailand, says the deadly bomb blast in central Bangkok on Monday won't sway investor sentiment.
While the deadly bomb attack will likely impact tourist confidence, tourist arrivals, in particular from China, have not been affected at the moment, says Patee Sarasin, CEO of Nok Air.
The site of Monday's deadly bomb blast is an important location which exemplifies political struggles in Thailand, says Aim Sinpeng, lecturer in comparative politics at The University of Sydney.
Some economists are warning that Monday's deadly bomb blast could tip Thailand's economy into a crisis. CNBC's Sri Jegarajah reports from Bangkok.