The Latest Breaking News from Fetco

Thailand's top three banks have combined non-performing loans (NPLs) of more than US$9.6 billion, the highest in Southeast Asia, but Thai banks overall still have a high level of reserves for bad debts, says the Federation of Thai Capital Market Organizations (Fetco).

The investor confidence index retreated to bearish territory for the first time in eight months in May as political conflicts and an economic slowdown undermined sentiment, suppressing the positive impact of a tourism recovery, says the Federation of Thai Capital Market Organizations (Fetco).

Thailand is expected to hold its first general election in four years this May, which could mean a new premier as Gen Prayut Chan-o-cha has reigned as prime minister and before that military leader after staging a coup in 2014.

Asian stocks tumbled on Wednesday as regional currencies weakened following comments overnight by Federal Reserve chair Jerome Powell that raise the possibility the US central bank would resume large-scale interest rate hikes to tame sticky inflation.

The imposition of the financial transaction tax on share sales by individual investors might be delayed because of opposition from the Federation of Thai Capital Market Organizations (Fetco), says Finance Minister Arkhom Termpittayapaisith.

The Federation of Thai Capital Market Organizations (Fetco) predicts that global and domestic inflation will begin to fall this year, while global interest rates will peak next year and start to decline in 2024.

Emerging markets could slip into financial and economic crisis over the next 1-3 years amid frequent US interest rate increases, the Federation of Thai Capital Market Organizations (Fetco) said on Wednesday, warning investors to exercise caution as risks emerge.

Rising geopolitical tensions and the hawkish stance of the US Federal Reserve (Fed) remain major concerns for investors over the next three months, said the Federation of Thai Capital Market Organizations (Fetco).

The Federation of Thai Capital Market Organizations (Fetco) has urged the Finance Ministry to abandon a proposal to collect a transaction tax from share trades, claiming the stock market still needs tax incentives to support long-term investment.