The Kingdom exported 866,207.77 tonnes of cashew nuts in the first seven months of 2021, a 345.29 per cent year-on-year surge, with Vietnam as the main buyer, the Ministry of Agriculture, Forestry and Fisheries reported. Vietnam imported the most Cambodian cashew nuts during the January-July period, at 859,290 tonnes, followed by China (3,639.5 tonnes), Thailand […]
Read MoreFinancial services, life sciences and healthcare businesses have reportedly transitioned towards digitalisation much sooner than expected as the pandemic drove more economic activities online, according to the Thailand Digital Transformation Survey 2021. Meanwhile, consumer businesses that had been leaders in technology adoption before the pandemic reportedly integrated digital technology into their businesses much later than […]
Read MoreThe Indonesian government is banking on fourth-quarter gross domestic product (GDP) growth to reach its annual target as an unprecedented Covid-19 wave promises to dampen the third-quarter economic recovery. Coordinating Minister for Economic Affairs Airlangga Hartarto told reporters that the government would focus its resources on containing the second virus wave in the third quarter […]
Read MoreThe baht opened at 33.46 to the US dollar on Tuesday, its lowest in three years, weakening from Monday’s closing rate of 33.41. The Thai currency was likely to move between 33.40 and 33.55 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht might weaken further if importers accumulated dollars […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is reminding government and private entities to submit their planned foreign borrowings for next year not later than Sept. 30. The central bank conducts an annual survey to get an indication of the magnitude and timing of the economy’s financing requirements for the following year, as […]
Read MoreThe Deposit Protection Agency (DPA) will cut back protection from THB5 million to THB1 million per depositor from Wednesday, the Bank of Thailand (BOT) said on Monday. The move aims to reduce inequality and make room for the government to allocate budget for economic activities, BOT deputy governor Ronadol Numnonda said. Ronadol confirmed that financial […]
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Thailand
