Thailand is scheduled to study free trade agreements (FTAs) with countries in the Middle East, Africa and Latin America by the second half of this year, a move to expand new export markets. According to Trade Negotiations Department director-general Auramon Supthaweethum, the department expects the studies will take 6-12 months. During the studies, she said […]
Read MoreThe baht opened at 33.65 to the US dollar on Tuesday, weakening from Monday’s close of 33.58. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.55 and 33.75 during the day. Poon expected the baht would continue to swing sideways under pressure from the strengthening dollar after the US Federal […]
Read MoreThe economy will continue to recover, driven by improving local demand and foreign tourist numbers, as recent negative shocks have had a limited impact on recovery, according to minutes of the Bank of Thailand (BoT)’s last policy meeting. Downside risks to short-term growth increased, however, as there could be prolonged shortages of some raw materials […]
Read MoreThe Finance Ministry is standing firm on its plan to impose a financial transaction tax on individual stock investors this year after seeing growth in the local market. Finance Minister Arkhom Termpittayapaisith on Monday insisted the ministry will go ahead with its tax collection plan, saying this year is the right time to execute it. The […]
Read MoreSuvarnabhumi airport has added more hotel counters for inbound passengers after reports of chaos in the passenger arrival area. Airport general manager Kittipong Kittikachorn said nine more counters for hotels had been added on the second floor, reserved for incoming air travellers, taking the total to 17. The move followed complaints by airport users on […]
Read MoreThe Bank of Thailand (BoT) will focus monetary policy efforts on shoring up sluggish growth in Southeast Asia’a second-largest economy, its chief said on Monday, even as surging global price pressures force its peers to raise interest rates. The central bank is among a shrinking number globally that continue to see inflationary pressures as transitory, […]
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