Tourism will be the key engine supporting Thailand’s economic recovery, replacing the slowing export sector, says the Economic Intelligence Center (EIC), a research house under Siam Commercial Bank. The EIC has upgraded its forecast for foreign tourist arrivals in 2022 to 7.4 million, up from 5.7 million, but the number is still far below the […]
Read MoreCambodia and Thailand have stepped up trans-border investment to underpin economic activity between them, as both countries roll back entry restrictions following improvements in Covid-19 metrics, and while benefiting from provisions of a bilateral double tax avoidance agreement (DTA). The foreign and finance ministries, in collaboration with the former’s Thai counterpart, organised a seminar on […]
Read MoreThe baht opened at 35.05 to the US dollar on Wednesday, its lowest level in five years and three months, weakening from Tuesday’s close of 34.98. The currency is expected to move in the range of 34.95 and 35.20 on Wednesday, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht might fluctuate heavily […]
Read MoreNine bus routes linking Thailand and Laos were reopened on Wednesday as the two countries eased travel restrictions imposed after the arrival of the Covid-19 pandemic. The state-owned Transport Co announced the opening of the routes, some of them operated in cooperation with Lao bus firms. They include services between Bangkok and Vientiane and Bangkok […]
Read MoreThe Commerce Ministry will ensure that prices of consumer goods are kept down for as long as possible, also taking producers’ needs into account, the commerce minister said on Tuesday. Jurin Laksanawisit said the ministry was trying to control prices to minimise the impact on consumers. However, manufacturers and farmers must also be taken care […]
Read MoreIncreasing the policy interest rate should not happen too late because inflation continues to rise, says Bank of Thailand governor Sethaput Suthiwartnarueput. He said if the central bank waits too long and the inflation rate keeps rising, the country might have to use stronger medicine or increase the rate sharply, which are measures no one wants […]
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