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Thailand: BoT: No intervention for trade gain

Thailand has not intervened in the baht for any competitive trade advantage and its foreign exchange transactions have been in line with rapid capital movements, the central bank said on Thursday. The comment came after a media report that Thailand could be added to a US watch list for currency manipulation. The baht has been […]

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Thailand: Reopening to local tourism

As many countries are still struggling with the Covid-19 pandemic and international travel restrictions to curb the spread, Thailand is restarting its crucial tourism sector to help counter a recession, starting with domestic tourists. According to the World Travel & Tourism Council report, the tourism sector accounted for 19.7% of Thailand’s GDP in 2019. From […]

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Singapore seeks local boost for crippled tourism sector

SINGAPORE: Singapore’s tourism sector is facing an existential crisis, its tourism board chief said on Wednesday, laying out plans to boost local demand after a collapse in visitor arrivals due to Covid-19 travel restrictions. Singapore had welcomed a record 19.1 million travellers in 2019 – more than three times its total population. But the island […]

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