The government is upbeat about export performance this year, projecting outbound shipments to grow by 16% to US$268 billion (about 8.5 trillion baht) boosted by a robust global economic recovery, higher rates of vaccination worldwide, and economic stimulus packages among major trading partners. For 2022, the Commerce Ministry forecasts export growth of 3.5-4.5%, reaching $278-280 […]
Read MoreLong Dimanche, Deputy Governor of Preah Sihanouk province, and Tu Xiaogang Du Xiaogang, Party Secretary of the Chinese Communist Party Committee in Wuxi, on December 17, chaired an online meeting on promoting regional development, specially the Sihanoukville Special Economic Zone 2.0 (SSEZ). Xiaogang said that the video meeting was to determine the future of the […]
Read MoreTHE poor will be the focus of the government as the country recovers from the pandemic, Socioeconomic Planning Secretary Karl Kendrick Chua said. In a statement for the 2021 first semester poverty statistics report Friday, Chua said the government achieved four years ahead, or in 2018, the 2022 poverty goal of lifting six million Filipinos out of […]
Read MoreOffering prices for residential units in Greater Bangkok during the third quarter of 2021 fell to the lowest level since the fourth quarter of 2016 because of the ailing economy, according to property website DDproperty.com. Country manager Kamolpat Swaengkit said 2021 was a challenging and volatile year for the property market as Covid-19 affected all […]
Read MoreThe baht opened at 33.61 to the US dollar on Tuesday,weakening from Monday’s closing rate of 33.59. The Thai currency is likely to move between 33.50 and 33.75 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might weaken due to the worry from the Omicron […]
Read MoreForeign investors have been heavily speculating on the baht as Thailand’s twin deficits this year have pressured the local currency to weaken. Offshore investors, especially from the US, have been buying two Asian currencies, the baht and South Korea’s won. Foreign investors expect the local currency to further depreciate compared with the dollar, due to […]
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Thailand
