Thai Oil Plc (TOP), Thailand’s largest oil refinery by capacity, believes domestic demand for fuel has begun to return to pre-pandemic levels, except for jet fuel, consumption of which is expected to be back to normal by the end of next year. Demand for gasoline stood above 30 million litres a day and will grow […]
Read MoreKUALA LUMPUR, Nov 16 — The ringgit opened slightly lower against the US dollar as the greenback gained momentum ahead of the United States (US) October’s Retail Sales data which is expected to rise to 0.7 per cent month-on-month, based on consensus estimates, said an analyst. At 9am, the local note fell to 4.1630/1655 versus the greenback from 4.1600/1630 at yesterday’s close. […]
Read MoreAlthough the Covid-19 outbreak has had a prolonged impact on the economy from late 2019 to 2021, it has had little effect on tax revenue, reflecting the effectiveness of tax governance and transparency efforts, according to General Department of Taxation (GDT) chief Kong Vibol. The GDT said in a statement that it had collected more […]
Read MoreThe Thai economy is expected to grow by 1.2% this year, recovering from a 6.1% contraction in 2020, with next year’s expansion predicted to be between 3.5-4.5%, according to the National Economic and Social Development Council (NESDC). However, the state planning unit warns that in the year to come the government needs to focus on […]
Read MoreThe volume of goods traded between Vietnam and China through the two border-gate railway stations of Lao Cai and Dong Dang was over 838,000 tonnes in the first nine months of 2021, up by 43 per cent year on year (YoY), according to Vietnam Railways Corporation (VNR) statistics. The growth was attributed to coordination between […]
Read MoreThe baht opened at 32.76 to the US dollar on Tuesday, weakening from Monday’s closing of 32.73. The Thai currency is likely to move between 32.70 and 32.85 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon added that the baht is likely to swing sideways despite pressure from a […]
Read More
Thailand
