Thailand’s economy is expected to grow by 3% this year and 3.7% next year, driven by exports, increased domestic demand and a recovery in tourism, the state planning agency said on Wednesday. Exports, a key driver of growth, still had momentum despite the impact of Russia’s invasion of Ukraine on the global economy, Danucha Pichayanan, […]
Read MoreTransport Minister Saksayam Chidchob has downplayed a threat from Hopewell (Thailand) Co regarding a criminal lawsuit against the government for failing to pay several billion baht in compensation over a cancelled transport project about two decades ago. Saying the matter should be left to the court to decide, Mr Saksayam dismissed the company’s legal threat […]
Read MoreEconomists are warning the baht will weaken further throughout this month because of higher volatility in money and capital markets worldwide after the US Federal Reserve’s hawkish benchmark interest rate hike. Krungthai Compass, a research house under Krungthai Bank, forecasts the baht will dip to high-34 to mid-35 against the US dollar by the end […]
Read MoreFinance Minister Arkhom Termpittayapaisith asked the Bank of Thailand to discuss with commercial banks whether they can raise their interest rates on a gradual basis in the event the central bank decides to raise its policy rate. Mr Arkhom said the central bank shares the ministry’s goal of continuing a gradual Thai economic recovery. He […]
Read MoreThe cabinet on Tuesday approved extending the existing measures for three months devised to alleviate the hardship of low-income earners from the surge in oil prices. The measures were scheduled to expire at the end of this month. According to Prime Minister Prayut Chan-o-cha, the government needs to extend the aid measures to low-income earners […]
Read MoreThe baht opened at 35.25 to the US dollar on Wednesday, strengthening from Tuesday’s close of 35.32. The currency is expected to move in a range between 35.20 and 35.45 on Wednesday, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the baht is finding support and could strengthen as the market gradually opens to […]
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Thailand
