The baht opened at 35.33 to the US dollar on Friday, strengthening from Thursday’s closing of 35.37, and is expected to move between 35.25 and 35.40 during the day. Krungthai Bank market strategist Poon Panichpibool reckons the baht will strengthen as the dollar weakens, but said the baht will possibly fluctuate and weaken if foreign […]
Read MoreThailand’s economy has continued to rebound, reflected by better signals in the May economic data, despite a sharp spike in the inflation rate, according to the Bank of Thailand. The economy in May improved from the previous month, with indicators of private consumption and private investment increasing in line with an uptick in economic activities. […]
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 MoreThe government’s controversial plan to collect a windfall tax from oil refineries to support the dwindling Oil Fuel Fund may face a one-month delay because of legal complications in charging the new tax, says a source from a refinery company. Six local oil refinery companies are discussing the plan being pushed by energy policymakers to […]
Read MoreThe Tourism Council of Thailand (TCT) is more optimistic about Chinese travellers returning after the country slashed its quarantine length in half and gave Thai airlines permission to resume two flights to China per week. TCT vice-president Vichit Prakobgosol said even though hopes of a full return of the Chinese tourist market remain limited, with […]
Read MoreThai Honda Co, a manufacturer and distributor of multi-purpose engines, plans to increase production to 300,000 units to serve the domestic market within 2026, following a drop in its sales due to the Covid-19 impact. Demand for the company’s products is growing, marking a good business prospect, said general manager Sampan Kwanjai. “Demand began to […]
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