The baht opened at 33.18 to the US dollar on Friday, unchanged from Thursday’s closing rate. The Thai currency is likely to move between 33.10 and 33.30 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is strengthening because foreign investors are investing in Thai stocks especially stocks relating […]
Read MoreAirAsia Group has formed a new holding company for its four airline units, in a group-wide business reorganisation to better distinguish its airline and digital ventures. The group says its four airlines — in Malaysia, Philippines, Thailand and Indonesia — will now come under the AirAsia Aviation Limited holding company. Current group president for airlines […]
Read MoreThailand has fallen two places to 80th out of 139 countries for the rule of law, which has been deteriorating worldwide amid the ongoing coronavirus pandemic, according to the World Justice Project (WJP). The areas of greatest decline globally include constraints on government powers, civic space, timeliness of justice and absence of discrimination, the organisation […]
Read MoreRemittance flows from Vietnamese expatriates working abroad are predicted to remain resilient throughout the rest of the year, with the country’s central bank keeping its policy steady for now. According to the World Bank, remittances inflow to Vietnam in 2021 as a whole will remain persistent compared to 2020 despite the ongoing pandemic. Last year, […]
Read MoreFitch Ratings expects Thailand’s economic recovery to gain traction in 2022, supported by a significant improvement in Covid-19 vaccination rates, business reopening and a still-supportive global growth environment. The return of tourism is likely to be gradual, and Fitch expects GDP to recover to pre-pandemic levels by early 2023. The ratings of most large Thai […]
Read MoreThe Covid-19 pandemic remains a catalyst to accelerate the digitalization process, which is an inevitable trend for countries around the world. Vietnam prioritizes investing in digital infrastructure that is seen as a foundation to ensure overall socio-economic development. Vice Minister of Information and Communications Phan Tam stressed the view at the virtual ministerial roundtable under […]
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