Thailand’s inflation is expected to peak in the third quarter and decelerate in the final quarter, leading the rate for the whole year to move in line with the Commerce Ministry’s 2022 target of 6%. According to Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, the inflation rate is expected […]
Read MoreBusiness confidence among digital-related enterprises showed no marked improvement in the second quarter, based on a recent Digital Sentiment Index survey, as Thailand grapples with high inflation, international conflicts and uncertain state policies, says the Digital Economy Promotion Agency (Depa). The index was at 46 in the second quarter, compared with 44.8 in the previous quarter. The […]
Read MoreThe baht opened at 36.51 to the US dollar on Tuesday, strengthening from Monday’s close of 36.56. The currency is expected to move between 36.40 and 36.60 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht is highly volatile amid concerns over Europe’s energy crisis, which is pressuring the euro […]
Read MoreLabour Minister Suchart Chomklin said on Tuesday that he will ask the Cabinet to approve the new daily minimum wage rates next week so they can go into effect on October 1. He said if approved, unskilled labourers should get an average daily wage hike of 5.02 per cent instead of the 8 per cent […]
Read MoreTHAILAND’S headline inflation rate in August rose slightly from the previous month to a 14-year high, in line with forecast and reinforcing expectations of a further interest rate hike later this month. The headline consumer price index (CPI) rose 7.86 per cent in August from a year earlier, driven by energy prices and last year’s […]
Read MoreDespite slower economic growth in neighbouring countries and zero-Covid measures in China, Thailand’s cross-border trade is still expected to grow by at least 5% this year to 1.80 trillion baht, driven by greater demand for gasoline, edible oil, tyres and auto parts. Pitak Udomwichaiwat, director-general of the Foreign Trade Department, said the department remains bullish on […]
Read More
Thailand
