Bilateral trade between Cambodia and Thailand increased as both sides eased Covid-19 restrictions leading to the opening of the borders for goods and people. The two-way trade between the two Kingdoms reached $2,913 million in the January-April period, a year-on-year increase of 8.04 percent, according to data from Thailand’s Ministry of Commerce. From January to […]
Read MoreSecurities analysts expect foreign funds to exit the Thai stock market after inflation jumped to a 13-year high of 7.1% in May, with the Bank of Thailand having to deal with rising prices, potential interest rate hikes and an economic slowdown. Pipat Luengnaruemitchai, chief economist at KKP Research, a research house under Kiatnakin Phatra Financial […]
Read MoreThe baht opened at 34.51 to the US dollar on Thursday, strengthening from Wednesday’s close of 34.54. The currency is expected to move in a range between 34.40 and 34.60 on Thursday, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the Thai currency might fluctuate and weaken early during the day as the dollar […]
Read MoreMarred by intense competition and several promotional campaigns, the three major e-commerce operators in Thailand have racked up a combined 39 billion baht in operational losses over the past seven years, according to Creden Data, a data analytics service provider. The trio are Lazada, the Southeast Asia e-commerce arm of China’s Alibaba; Shopee, the e-commerce […]
Read MoreThe 300-baht tourism fee faces a delay in implementation, beginning in the fourth quarter at the earliest, while the cancellation of Thailand Pass is expected from July 1, according to the Tourism and Sports Ministry. “Fee collection for tourists arriving by land requires further study, such as determining if the fee amount should be less […]
Read MoreThe Bank of Thailand has signalled it might raise the policy rate in the future because of a faster than expected Thai economic recovery, aiming to control the rising inflation rate. The central bank’s Monetary Policy Committee (MPC) meeting yesterday voted 4-3 to maintain the policy rate at its existing level of 0.5%, said MPC […]
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