Geopolitical tensions have pressured Thailand’s economic expansion this year, according to Danucha Pichayanan, secretary-general of the Office of the National Economic and Social Development Council (NESDC). According to the office, the economy in 2022 is projected to expand in the range of 2.7-3.2%, compared with a range of 2.5-3.5% growth it predicted in May, mainly supported by […]
Read MoreThe baht opened at 35.54 to the US dollar on Tuesday, strengthening from Monday’s close of 35.56. The currency is expected to move between 35.45 and 35.65 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He reckoned that the baht will likely fluctuate and weaken to its resistance level at 35.60 as the […]
Read MoreManufacturers of the five largest instant noodle brands — Mama, Wai Wai, Yum Yum, Nissin and Suesat — for the first time in their half-century of the establishment have joined forces to call on the Commerce Ministry to allow them to raise their prices in line with soaring production costs within one week. Pun Paniangvait, manager […]
Read MoreLocal banks have announced they are maintaining the prime lending interest rate to support fragile customers amid a rising interest rate trend. Siam Commercial Bank (SCB) and TMB Thanachart Bank (ttb) announced that they are to keep prime loan interest rates unchanged, while ttb has also increased its deposit rate for a specific deposit account. Their […]
Read MoreDomestic tourism operators are concerned about the hike in the policy rate by the Bank of Thailand as banks may apply the new rate in the near future which could heavily dampen tourism outlook this year. Chaiyapruk Thongkam, president of the Association of Domestic Travel, said domestic tour operators have just started to earn income during […]
Read MoreThe Energy Regulatory Commission (ERC) has approved an 18% rise in the price of electricity for the September-December quarter, to a record-high 4.72 baht per kilowatt hour (unit). The ERC announced the new rate on its Facebook page on Monday. The increase comes from the fuel tariff (FT) component in the electricity tariff increasing by […]
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Thailand
