BANGKOK (BLOOMBERG) – The Thai economy grew at a slower pace than economists estimated in the last quarter as the fastest inflation in 14 years probably weighed on sentiment and offset gains from the return of foreign tourists. Gross domestic product rose 2.5 per cent in the April to June period from a year ago, […]
Read MoreSEOUL (BLOOMBERG) – Thailand’s baht has rebounded so rapidly in the past few weeks on optimism about the country’s tourism-led growth that it has already hit year-end analyst targets. The currency has jumped 2.3 per cent to about 35.45 per US dollar this month, leading gains in Asia by a wide margin. In addition to rising forecasts for tourists […]
Read MoreA move to expedite the enforcement of the new daily minimum wage as early as October has added to the debate over what the most acceptable wage rise should be. Labour Minister Suchart Chomklin wants the cabinet to give the final say on the new wage within September, so it can take effect on Oct […]
Read MoreWhether you support it or not, betting and gambling dens have been commonplace in much of Thailand for a long time, despite authorities’ attempts to stamp it out. Thai people love playing cards and betting on sports, particularly football and cockfighting, although gambling is currently illegal here. Casinos in the border town of Poipet, Cambodia, […]
Read MoreThailand’s smartphone market is expected to experience flat growth or even decline this year due to the economic slump and a weaker baht, but flagship 5G smartphones, loans and trade-in programmes could help prop up the segment, according to IT product distributors. “A sluggish economy, rising inflation and a weaker baht are taking a toll on demand […]
Read MoreThailand topped the list of rubber exporting countries in the first half of the year, with shipments of 2.19 million tonnes valued at 70.5 billion baht, the agriculture minister’s adviser revealed on Friday. This year’s total exports of natural rubber are expected to reach 4.27 million tonnes, up 3.41 per cent from last year, said […]
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