At its June 14-15 meeting, the Federal Reserve decided to hike its Fed Funds Rate by 75 basis points, the largest single hike since 1994, to 1.5-1.75% in order to tame inflation. In addition, the Fed downgraded its economic growth projection and raised unemployment and inflation rate projections significantly, hinting there will be a substantial […]
Read MoreThe government has declared the whole nation a green (Covid-19 surveillance) zone, allowing the full-scale resumption of business and other activities, as pre-arrival registration will end next month. The Royal Gazette on Friday published the announcement to the effects by Prime Minister Prayut Chan-o-cha in his capacity as the director of the Centre for Covid-19 […]
Read MoreThe baht opened at 35.50 to the US dollar on Friday, unchanged from Thursday’s closing, and will move in the range of 35.40 and 35.60 on Friday, a strategist predicted soon after markets opened. Krungthai Bank market strategist Poon Panichpibool said the currency is likely to weaken and test its resistance level at 35.75 to […]
Read MoreKasikornbank (KBank) expects the baht to bottom out in the next two months, depending mainly on the US Federal Reserve’s benchmark interest rate hike. It also expects the Bank of Thailand to increase its benchmark interest rate two times this year. KBank assesses the Monetary Policy Committee (MPC) will increase its policy rate by a […]
Read MoreThe government has lifted its face mask mandate and advised vulnerable and infected people to still use masks for the sake of personal and public health. The decision was made due to the improving Covid-19 situation and intended to let people resume virtually normal lifestyles, according to the government announcement published in the Royal Gazette on Friday. […]
Read MoreThailand is in discussions with Laos and Vietnam about opening new bus routes to link popular destinations. The Thai government has approved expediting negotiations to open a bus connecting three countries (Thailand, Laos, and Vietnam) via route R12 from Nakhon Phanom, Thailand to Thakhek, Laos and on to Ha Tinh, Vietnam. The Thai Ministry of […]
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Thailand
