The baht opened at 34.46 to the US dollar on Tuesday, plummeting in value from Friday’s close of 34.22. The Thai currency is expected to move between 34.35 and 34.55 during the day and between 34.10 and 34.60 during the week, Krungthai market strategist Poon Panichpibool said. Poon forecast the baht would fluctuate and likely […]
Read MoreThe government is hoping to see air travel soar following the lifting of the Test & Go requirements, with double the number of take-offs and landings at the country’s airports by the end of this year. The Civil Aviation Authority of Thailand expects 83,500 flights per month at all airports by year’s end, up from 44,500 […]
Read MoreThai export performance remains patchy despite hitting a 30-year high in March, the Thai National Shippers’ Council (TNSC) said on Sunday. Thailand’s exports in March increased 19.5 per cent from a year earlier to US$28.85 billion, rising for the 13th consecutive month. However, export performance varied from sector to sector. The biggest rise was seen […]
Read MoreThe Finance Ministry may extend the reduction of diesel excise tax when the tax cut period expires on May 20 but the new reduction rate may be just Bt1.5, not Bt3, a ministry source said Monday. The source said the extension of the excise cut would depend on several factors, including the global oil situation […]
Read MoreTHAILAND’S retail inflation is poised to accelerate from a 13-year high with the government lifting a freeze on some retail fuel prices, boosting the odds for the central bank to pivot away from its pandemic-era monetary policy accommodation. Retail diesel prices will increase from May 1 after efforts to subsidise the fuel ended up with […]
Read MoreThe baht opened at 34.44 to the US dollar on Friday, strengthening slightly from Thursday’s five-year low of 34.46. The currency is expected to move in a range between 34.35 and 34.50 on Friday, said Krungthai Bank market strategist Poon Panichpibool. Poon forecast the baht would fluctuate and likely test the resistance level of 34.50. […]
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