The government may continue with the diesel subsidy programme beyond April to help consumers struggling with inflation, but the subsidy would be limited, according to Energy Minister Supattanapong Punmeechaow. Mr Supattanapong said yesterday the government may help subsidise the diesel price, but at more than half of the price above 30 baht per litre. The […]
Read MoreThe baht opened at 33.81 to the US dollar on Wednesday, the highest in almost four months, weakening from Tuesday’s close of 33.75. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.70 and 33.90 during the day. Poon said the baht might weaken as it was pressured by the strengthening […]
Read MoreSET Investnow, an investment educational unit of the Stock Exchange of Thailand (SET), suggests investing in stocks with high dividend payouts of above 5% with low beta values to hedge against volatility and inflation. The principle is to buy stocks with higher dividends than the February inflation rate of 5.28%, because they will generate better […]
Read MoreThe Bank of Thailand still maintains an accommodative monetary policy to support economic recovery and views that supply-side inflationary pressure will be a temporary factor. The central bank’s Monetary Policy Committee (MPC) will balance monetary policy management prudently, weighting in economic growth, financial stability and the inflation rate amid Thailand’s uneven economic recovery and global […]
Read MoreHoteliers are calling for an additional 2 million room nights under the We Travel Together hotel subsidy campaign by May to shore up tourism demand during the off-peak season as the quota for the scheme’s fourth phase was used up during the Songkran holiday. “Tourism stimulus measures will play a crucial role in supporting the […]
Read MoreThe baht opened at 33.71 to the US dollar on Tuesday, weakening from Monday’s close of 33.66 and sliding towards the key 34 per dollar level. Breaching that closely watched resistance level would invite further losses for the Thai currency. Krungthai Bank market strategist Poon Panichpibool predicted the baht would move between 33.65 and 33.80 […]
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Thailand
