The Bank of Thailand has cut its forecast for foreign tourist arrivals in 2022 because of the impact of the Omicron variant and government measures to restore mandatory quarantine for visitors entering the country from overseas. The Monetary Policy Committee (MPC) meeting on Wednesday assessed the Omicron outbreak’s impact on the economy in early 2022. The […]
Read MoreSTATE infrastructure and capital outlays increased in October due to the public works projects around the country, the Department of Budget and Management (DBM) said. The DBM’s latest disbursement report showed that infrastructure and capital outlays reached P60.8 billion during the month, up by 6.7 percent from the P57.1 billion in the same month last year. It […]
Read MoreThe portal aims to meet the growing needs of businesses in accessing official market data and searching for partners globally to enhance their competitiveness. The Agency for Enterprise Development (AED) under the Ministry of Planning and Investment in collaboration with the German Corporation for International Cooperation (GIZ) has launched the business information portal at the […]
Read MoreThe baht opened at 33.52 to the US dollar on Friday, strengthening from Thursday’s closing rate of 33.54. The Thai currency is likely to move between 33.45 and 33.60 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might strengthen slightly and swing sideways in the […]
Read MoreShopee, the e-commerce division of Singapore-based Sea Limited, has partnered with local taxi company Bluebird Group to launch a taxi-hailing service in Indonesia.This new feature, called Taksi, is now available in certain areas of Indonesia, allowing users to book rides in the Shopee app and use Shopee Pay to make the payment. In August of […]
Read MoreThailand’s export growth is forecast to slow to just 0.2-4.8% next year, tallying US$262-275 billion. Negative factors weighing on the sector include Omicron variant outbreaks, rising inflation among trading partners, and more stringent measures to contain Covid-19 infections in China. Other challenges include container shortages and high freight rates, increasing world crude oil prices and […]
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