The domestic diesel price should decrease by 0.5 baht a litre to around 32 baht on May 15 in response to falling global oil prices, says the Oil Fuel Fund Office (Offo). This marks the sixth in a series of reductions of diesel prices since early February, when the retail price in Thailand was 34.94 […]
Read MoreThe boiling hot weather in Thailand is causing an upsurge in electricity consumption, leading to a record high of 34,826.5 megawatts on May 6, says the Energy Regulatory Commission (ERC). The new record was reached at 9.41pm on Saturday, compared with 33,177.3MW at 2.30pm on April 28. Thailand is seeing new power consumption records during the […]
Read MoreThailand’s smartphone sales declined by 20% year-on-year in the first quarter, compared to a global fall of 14.6% in the same period, mainly due to a sharp drop in the low-end smartphone segment, according to analysis from market research firm IDC Thailand. However, Apirat Ratanavichit, a market analyst at IDC Thailand, the local unit of global […]
Read MoreThailand’s eyewear industry is expected to grow by 5% to 7.35 billion baht this year, after seeing a huge drop during 2020 and 2021. According to Phaphan Phadungkiatskun, managing director of Eyelink Vision Co, an importer and distributor of eyewear brands such as ic!berlin and Dior, Thailand’s eyewear market fully recovered last year, with double-digit sales […]
Read MoreLocal economists are predicting the Bank of Thailand will increase its policy rate to a terminal level of 2% this month after estimating the Fed’s funds rate has already peaked. According to ttb analytics, the research centre of TMBThanachart Bank (ttb), the central bank’s Monetary Policy Committee (MPC) is expected to increase the policy benchmark rate […]
Read MoreThailand wants to conclude free-trade agreement (FTA) talks with the European Free Trade Association (Efta), Sri Lanka and the United Arab Emirates (UAE) by the middle of next year to improve trade and investment. The Thai-Sri Lankan FTA is of particular interest in terms of location, as Sri Lanka is in South Asia, with links to […]
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