The Investor Confidence Index (ICI), which anticipates market conditions for the next three months, was at 83.91 in May, down 12.1% from the previous month on concerns over the Federal Reserve’s interest rate hikes and a spike in infections as the country reopens. Despite the drop, the ICI remains in the neutral zone as investors […]
Read MoreThe Tourism Authority of Thailand (TAT) has drawn up a budget of more than 100 million baht to revive the battered travel sector, and will propose it to the Centre for Economic Situation Administration for approval. TAT governor Yuthasak Supasorn said the target for this year is 7-10 million international tourists. That target will double to […]
Read MoreThe Thailand Industry Sentiment Index (TISI) fell to a seven-month low of 84.3 points in May amid economic uncertainties ranging from rising inflation to political conflicts overseas, says the Federation of Thai Industries (FTI). The inflation rate hike and prolonged global oil price surge, driven by the Russia-Ukraine war, come as consumer purchasing power remains […]
Read MoreForeign firms operating in Southeast Asia are demonstrating a high level of confidence as they look to expand their footprint in a market of some 640 million people, says HSBC. According to the bank’s latest survey “HSBC Navigator: SEA in Focus”, nine in 10 (89%) foreign companies with a foothold in Southeast Asia plan to […]
Read MoreThe baht opened at 34.57 to the US dollar on Friday, weakening from Thursday’s close of 34.49 and marking the lowest drop in three weeks. The currency is expected to move in the range of 34.55 and 34.75 on Friday, Krungthai Bank’s market strategist Poon Panichpibool predicted. He said the baht may fluctuate and weaken […]
Read MoreThai consumer confidence dropped for a fifth straight month in May, hitting a ninth-month low, due to worries over higher living costs and the impacts of Russia’s invasion of Ukraine, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce fell to 40.2 in May from 40.7 the […]
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