The private sector on Monday pleaded for more government spending to boost the economy, as household consumption weakens due to high inflation. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) met on Monday and laid out the worrisome economic situation facing Thailand this year. It said the main risk was rapidly rising energy […]
Read MoreThe baht opened at 35.59 to the US dollar on Monday, strengthening from Friday’s close of 35.65. The Thai currency is expected to move between 35.50 and 35.70 against the greenback during the day and between 35.30 and 35.80 during the week, Krungthai market strategist Poon Panichpibool predicted. Poon said the baht may test its […]
Read MoreThe Thai government is being urged to accelerate the stimulation of border trade and establish joint special economic zones with bordering countries to boost trade and investment. Such a move could help offset the impact from a spate of risks to the global market, such as a prolonged Russia-Ukraine war, an energy crisis and a […]
Read MoreInsufficient inbound international flights and surging airfares are challenging the recovery arc for the Thai tourism industry as the country pins its hopes on the upcoming high season in its quest to welcome 10 million tourists this year, according to the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said the number of international […]
Read MoreThe highly transmissible BA.4 and BA.5 sub-variants of Omicron are keeping people alert to a possible outbreak, but Covid-19 may not be the most serious concern as the economy ambles forward. The new viral strains come as most people are vaccinated, with 76.4% of the 70 million inhabitants of Thailand inoculated with two doses of […]
Read MoreExport growth is expected to beat the government forecast of 4-5% expansion this year after a strong performance in the first five months of 2022, according to Commerce Minister Jurin Laksanawisit. Mr Jurin said Thai exports are expected to expand further, and the ministry is confident the second half should see strong results. He cited […]
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Thailand
