The Thai Labour Ministry is looking to legalise undocumented migrants working in the kingdom’s service sector amid high demand for imported labour. If the plan is approved, some illegal workers from neighbouring Cambodia, Laos, Myanmar and Vietnam will be given an opportunity to register to work legally in Thailand. The special registration, believed to benefit […]
Read MoreThe recent rapid rise in inflation rates worldwide has been a hot topic with huge impacts on the real economy as well as financial markets. The surging cost of living has hit all households, especially those with sluggish wage growth, mostly lower-income groups. Recent financial market corrections in response to inflation concerns and the way […]
Read MoreThailand has no need to raise interest rates following the Federal Reserve’s hikes in US rates, as domestic factors and the economic recovery will be the main issues determining policy, the central bank chief said. The country’s external position remains strong with low foreign debt and high international reserves, Bank of Thailand governor Sethaput Suthiwartnarueput […]
Read MoreThe Covid situation in China, which has some 40 cities under full or partial lockdown, bodes ill for the return of Chinese visitors to Thailand this year. As a result, the UK, India and Germany are the top source markets in 2022 and Thailand is being urged to focus more on domestic and high-spending tourists. “Before […]
Read MoreThe baht opened at 34.42 to the US dollar on Friday, strengthening from Thursday’s close of 34.52. The Thai currency is expected to move in a range between 34.35 and 34.55 to the dollar on Friday, according to Krungthai Bank market strategist Poon Panichpibool. Poon said the baht rose due to a weakening dollar. But […]
Read MoreThailand has no need to raise interest rates following the United States Federal Reserve’s hikes as domestic factors and its economic recovery will be the key issues when deciding policy, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on Thursday. The country’s external position remains strong and it has not had a problem of capital […]
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Thailand
