The baht opened at 33.26 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 33.20. The Thai currency is likely to move between 33.15 and 33.35 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that investors are speculating the US economic data. The market expected […]
Read MoreThailand’s outbreak of the Omicron coronavirus variant could have a larger and more prolonged impact than expected on an economic recovery, according to minutes of the central bank’s last policy meeting released on Wednesday. Although, under the baseline scenario, the Omicron outbreak would not derail the overall Thai economic recovery, the outbreak situation remained highly […]
Read MoreSINGAPORE’S retail sales rose 7.5 per cent year on year in October, picking up from 6.8 per cent in the month before, in part as new product launches boosted mobile phone sales. On a month-on-month, seasonally adjusted basis, retail sales were up by 0.7 per cent, cooling against 6.1 per cent in September. Retail sales […]
Read MoreGDP growth in the Thai industrial sector is estimated at 2.5-3.5% in 2022, a drop from 3-4% last year, due to a mix of factors, including the impact of the Omicron Covid-19 variant currently spreading across continents, says the Office of Industrial Economics (OIE). Other factors are the prolonged semiconductor shortage, which will affect key […]
Read MoreThe real estate market is predicted to recover and develop healthily in 2022 after experiencing a year of upheavals in 2021. Can Van Luc, a respected economist, said at a recent forum that the most difficult period is over and the real estate market will warm up in 2022 when economic activities resume. He can […]
Read MoreMANILA, Philippines — Inflation eased in December, due in part to the slower increase in prices of key consumer items, and fell back to the national government’s target. Inflation, as measured in the consumer price index, picked up 3.6% year-on-year in December, the Philippine Statistics Authority reported Wednesday. This was slower than the 4.2% clip recorded […]
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