The baht appreciated more than 1% on Monday, logging a strong start to the month which is expected to see the country finally join its regional and global peers in normalising its pandemic-era stimulus policy as the economy gains traction. Japan’s yen was trading at an over six-week high, firming more than half a percent […]
Read MoreThe Thai government’s finances are under strain after subsidising energy bills for years during the pandemic, but a reduction in support could have deleterious consequences State energy subsidies have assumed a prominent role in the Thai economy since the start of the Russia-Ukraine war in February. While global oil prices remain high, the government’s efforts […]
Read MoreOf all the drivers behind the dramatic rise in U.S. inflation in the past year, perhaps the most acute is the surge in energy prices. It may also be among the most persistent. High prices for electricity and fuel are likely to put continued pressure on inflation in coming years, forcing central banks to keep […]
Read MoreBustling commuters, traffic gridlocks and crowded shopping malls have become more common in the third quarter following the country’s reopening in June, fuelling hopes that Thailand is now getting back on its feet. But concerns have been raised about various pressing problems that could potentially undermine the country’s path towards recovery, including rising inflation rates, […]
Read MoreThe public and private sectors are being urged to support domestic consumption stimulus plans to boost economic growth, cash flow, and funding support for small and medium-sized enterprises (SMEs) in the retail and service industries. “Continuous support measures such as the ‘Khon La Khrueng’ co-payment scheme and the stimulation of high-spending consumers via the ‘Shop […]
Read MoreThe Industry Ministry remains positive about manufacturing, expecting the manufacturing production index (MPI) to keep increasing in the second half of this year after the indicator fell slightly in June by 0.08% year-on-year to 98.05 points. This will lead to slow economic recovery, but the economy is believed to continue to grow in the next […]
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Thailand
