Domestic car sales surged 61.72% in August from a year earlier to 68,208 units, helped by an easing of Covid-19 curbs and a low baseline last year, the Federation of Thai Industries (FTI) said on Thursday. That compared with July’s 22.1% year-on-year rise. In the January to August period, car sales rose 19.61% from a year […]
Read MoreThe governor of Bangkok supports entertainment venues staying open until 4am in order to promote night-time tourism. Chadchart Sittipunt said tourism, including the hotel segment, is at the heart of the city’s economy as the sector creates jobs and pay taxes for the city. “My main duty is to remove all obstacles for you,” Mr […]
Read MoreThailand and Vietnam have surpassed Singapore as the top crypto trading centers among the ten members of the Association of Southeast Asian Nations (ASEAN). Nikkei reports that according to data provided on Wednesday by blockchain data company Chainalysis, the two ASEAN members reported over USD 100 billion in crypto trade values between July 2021 and June 2022. […]
Read MoreEnergy authorities are planning to make gasohol E20 the primary oil fuel at petrol stations in place of gasohol E10, also known as gasohol 91, which will be gradually phased out. Gasohol E20 is a mix of gasoline and 20% ethanol, while gasohol E10 is blended with 10% ethanol. Gasohol E10 is known by motorists […]
Read MoreThe Finance Ministry will hold talks with the Bank of Thailand to discuss and delve into the factors behind the weakening baht, said Finance Minister Arkhom Termpittayapaisith. He said the depreciating currency has added to inflationary pressures thus necessitating an examination into whether the declining value of the baht is linked to the country’s economic fundamentals or […]
Read MoreThe Bank of Thailand (BoT) and the Finance Ministry will soon meet to discuss the baht after it tumbled to the lowest in nearly 16 years, signalling growing concerns among officials that the currency slump can threaten a tepid recovery and stoke inflation. The ministry and BoT will discuss the baht’s weakness as the nation needs […]
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