Most Thai consumers have now gone digital when it comes to managing a range of personal financial matters, including paying bills, banking, opening new bank accounts and financial planning, a Mastercard survey has found. Based on the Mastercard New Payments Index 2022, 81% of consumers in the country have used digital tools for at least one […]
Read MoreThe Bank of Thailand (BoT) is closely monitoring the baht currency’s weakness but there has been no big concern yet, the finance minister said on Monday, as the currency hit its lowest in 16 years against the dollar. “On baht weakness, the central bank is always taking care of what we’ve assigned. There isn’t much of […]
Read MoreExports rose slightly less than expected in August as global demand for food products increased, but oil-related shipments fell and exports to China slumped, the Commerce Ministry said on Monday. Exports, a key driver of Thai growth, increased 7.5% in August from a year earlier, versus a forecast 7.7% rise in a Reuters poll, and against […]
Read MoreBENGALURU: The Bank of Thailand will deliver another 25 basis-point rate hike on Wednesday, its second in a row, even as many of its peers opt for larger increases to fight high inflation, a Reuters poll showed on Monday. Despite inflation in Thailand jumping to a 14-year high in August, the recovery in Southeast Asia’s second-largest […]
Read MoreCross-border trade between Thailand and neighbouring countries is thriving, thanks in part to expanded infrastructure connectivity. Finance Minister Arkhom Termpittayapaisith recently said while Thai trade was disrupted by the pandemic over the past two years, cross-border trade endured, attributed to expanding connectivity with nearby countries. Mr Arkhom said the continued improvement of the country’s cross-border rules […]
Read MoreThe weak baht could benefit the tourism industry as foreign purchasing power gains value, though it might not be enough to offset high airfares, according to the Thai Hotels Association (THA). Marisa Sukosol Nunbhakdi, president of THA, said currency depreciation is just one of many factors helping to make the Thai tourism industry more attractive in […]
Read More
Thailand
