The baht opened at 34.63 to the US dollar on Wednesday, dropping slightly from Tuesday’s close of 34.55. The currency is expected to move in a range between 34.50 and 34.70 on Wednesday, said Krungthai Bank market strategist Poon Panichpibool. Poon said the baht could weaken as the dollar strengthens. However, foreign investment has not […]
Read MoreThai consumer confidence dropped for a fourth straight month in April, hitting an eight-month low, due to concerns over higher living costs and the impact of Russia’s invasion of Ukraine, a survey showed on Tuesday. The consumer index of the University of the Thai Chamber of Commerce fell to 40.7 in April from 42.0 in […]
Read MoreAfter Thailand’s government allowed the re-opening of the border with Cambodia from May 1, a number of associations and private companies in the tourism sector in Cambodia, Thailand as well as Vietnam have cooperated to plan to boost the flow of tourists again. In early May, the Asia-Pacific Tourism Association (PATA) led by Thuon Sinan, […]
Read MoreThai stocks extended losses on Monday as investors worry strong US jobs reports and the prolonged Russia-Ukraine war will drive the Federal Reserve to move with more aggressive and quicker rate hikes to fight inflation. The markets expect the war will keep energy prices high, making it more challenging for central banks globally to control […]
Read MoreThe Oil Fuel Fund is expected to finish negotiations with banks this month as it looks to borrow heavily to boost its liquidity, says the Finance Ministry’s deputy permanent secretary Theeraj Athanavanich. Mr Theeraj said the fund is in talks with several commercial banks, including the state-run Government Savings Bank and Krungthai Bank, with regards […]
Read MoreThe baht opened at 34.60 to the US dollar on Tuesday, strengthening slightly from Monday’s close of 34.62. The currency is expected to move in a range between 34.50 and 34.70 on Tuesday, said Krungthai Bank market strategist Poon Panichpibool. Poon said that the baht was under pressure from a risk-off market that is supporting […]
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Thailand
