The baht feels the weight of strengthening US dollar

13 Sept 08:15 Key points summarised by AI

The Thai Baht faces rapid depreciation against a strengthening US dollar, driven by the widening interest rate differential, with the Bank of Thailand's (BOT) gradual rate hikes viewed by some as insufficient.
Despite concerns that the weak baht could fuel inflation, the BOT argues that headline inflation is peaking and the currency's decline reflects global dollar strength rather than domestic policy failure.
Exports and a recovering tourism sector provide crucial economic support, yet global slowdown, volatile energy prices, and persistent inflation continue to challenge Thailand's economic stability and consumer confidence.
The private sector expresses cautious optimism for economic growth, revising GDP forecasts upwards due to tourism and exports, but remains wary of global headwinds and rising energy costs.

Six injured after car smashes into On Nut shopping mall

Yesterday 22:44 Key points summarised by AI

A 67-year-old woman drove her car through the glass frontage of a Bangkok shopping mall, injuring six people, including a six-year-old girl.
The driver claimed she accidentally pressed the accelerator instead of the brake after being startled, causing the vehicle to surge forward.
She apologized to the victims, promising insurance coverage and additional financial aid, while police continue to gather statements before filing charges.