Overall consumer spending during Loy Krathong is likely to remain sluggish this year because people remain concerned about the reoccurrence of Covid-19 outbreaks and relatively poor economic conditions. The latest survey by the University of the Thai Chamber of Commerce (UTCC) revealed that spending during the annual full-moon celebration, which this year falls on Friday, […]
Read MoreVietnam will need about 313 trillion VND (13.7 billion USD) to develop a modern seaport system between now and 2030, and the funding will mostly come from non-budget sources. During 2011 – 2020, about 202 trillion VND was poured into developing seaport infrastructure, accounting for 20.6 percent of total investment in transport infrastructure. Of the […]
Read MoreMANUFACTURING in Vietnam could stay subdued into early 2022, amid a Covid-19 outbreak, migrant worker shortage, higher cost of materials, and port logjams. Some production losses will also turn permanent, economists at BofA Global Research warned in a report on Tuesday (Nov 16), as they forecast an output gap of between 5 per cent and […]
Read MoreThe baht opened at 32.76 to the US dollar on Wednesday, weakening from Tuesday’s closing of 32.67. 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 said that the baht will be pressured by a strengthening dollar and gold […]
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Thailand
