The inflation genie is out of the bottle and is a multi-layered challenge for policymakers. Rising energy, food and wage costs are combining to raise inflation expectations, which if left unchecked could destabilise the global economy. Our base case for emerging markets (EM) is built on the reality they entered this current downturn in better […]
Read MoreThe baht opened at 36.68 to the US dollar on Tuesday, weakening from Monday’s close of 36.60. The currency is expected to move between 36.60 and 36.75 during the day, predicted Krungthai Bank market strategist Poon Panichpibool. He reckoned that the baht is likely to fluctuate and weaken to test its resistance level from 36.70 […]
Read MoreThe Intellectual Property Department vows to tighten its inspection of pirated products, especially in tourist destinations, as they are projected to proliferate after the country’s reopening. According to deputy director-general Jittima Srithaporn, the department recently had discussions with the Royal Thai Police, the Department of Special Investigation, the Customs Department, owners of trading areas and […]
Read MoreThe collapsing value of Thai digital assets has been exacerbated by the bankruptcy of US-based Celsius Network, following months of rapidly deteriorating sentiment in the global and domestic cryptocurrency markets and a series of insolvencies among high-profile crypto lenders. The trading value of digital assets in Thailand plunged from 180 billion baht in December 2021 […]
Read MoreThe baht opened at 36.58 to the US dollar on Monday, strengthening from Friday’s close of 36.61. The Thai currency is expected to move between 36.50 and 36.70 against the greenback during the day and between 36.30 and 36.90 during the week, Krungthai market strategist Poon Panichpibool predicted. Poon believes the baht might reach its […]
Read MoreThe National Bank of Cambodia (NBC) is working with Thai authorities to promote the use of KHQR more broadly between the two countries, a move that would encourage cross-border cashless payment. KHQR is a universal quick response (QR) code system created for retail payments in the Kingdom and cross-border payments within the ASEAN bloc, according […]
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Thailand
