The baht opened at 35.82 to the US dollar on Friday, strengthening from Thursday’s close of 36. The currency is expected to move between 35.70 and 36 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht might swing sideways or strengthen more than investors expect due to the weakening of […]
Read MoreThe tripartite committee considering raising daily wages has yet to approve new rates proposed by provincial wage sub-committees due to dramatic differences in proposals submitted for consideration. The committee asked the provincial wage sub-committees to revise their proposals and promises and deliver the outcome to the Labour Ministry by September, according to a source. The […]
Read MorePrices of vacant land in Greater Bangkok are growing at a slower pace due to the sluggish economy and the full collection of the land and building tax, which started this year. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the price index of vacant land in Greater Bangkok was 354.5 […]
Read MoreThai tourism earned 157 billion baht in the first seven months from 3.15 million international travellers, while the Tourism and Sports Ministry is maintaining the target of 10 million tourists despite Prime Minister Prayut Chan-o-cha’s suggestion that the tally would be lower. Meanwhile, tourism operators have cast doubts on recovery as some countries have reimposed […]
Read MoreThe meeting of the Bank of Thailand’s Monetary Policy Committee (MPC) next week is expected to raise the policy rate by 0.50%, according to Pipat Luengnaruemitchai, chief economist of KKP Research under Kiatnakin Phatra Securities Public Co. The MPC is scheduled to hold its next policy meeting on Aug 10, when economists expect the rate […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes the banking sector will delay raising the interest rate in line with the Bank of Thailand’s anticipated gradual policy rate hike. Under the policy rate hike trend in the second half of this year, banks may not react immediately to the interest rate increase […]
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