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Chinese lockdowns hitting Thai producers

China’s lockdowns in big cities are having an adverse effect on the Thai manufacturing sector and its supply chains, with the problems likely to continue, warns the National Economic and Social Development Council (NESDC). The spread of the Covid-19 Omicron variant has led to the closure of Chinese deep-sea ports, paralysed major industrial hubs, and […]

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Thailand: Baht on a tightrope

Industry leaders have urged the government to carefully manage the baht to keep its value at a rate that will benefit both importers and exporters. The baht was valued at 34.62 per US dollar as of May 9, representing a depreciation of 3.4% since the beginning of the year, its lowest value in five years. […]

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Thailand: Inflation and market uncertainty

The recent rapid rise in inflation rates worldwide has been a hot topic with huge impacts on the real economy as well as financial markets. The surging cost of living has hit all households, especially those with sluggish wage growth, mostly lower-income groups. Recent financial market corrections in response to inflation concerns and the way […]

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Thailand: No need to raise interest rates, says BoT chief

Thailand has no need to raise interest rates following the Federal Reserve’s hikes in US rates, as domestic factors and the economic recovery will be the main issues determining policy, the central bank chief said. The country’s external position remains strong with low foreign debt and high international reserves, Bank of Thailand governor Sethaput Suthiwartnarueput […]

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