Headline consumer price index (CPI) jumped by a higher-than-expected 5.73% in March from a year earlier, the fastest pace in 13 years, driven by stronger prices of goods and energy, the Commerce Ministry said on Tuesday. That compared with a forecast for a rise of 5.60% in a Reuters poll and followed February’s 5.28% increase, […]
Read MoreThai exports are expected to rise by 5% this year, compared with a previous forecast of 5% to 8% growth, due to uncertainty over the Russia-Ukraine war, the Thai National Shippers’ Council (TNSC) reported on Tuesday. According to TNSC’s forecast, exports would increase by 8% in the first quarter from a year earlier and by […]
Read MoreThailand’s economy is expected to grow 2.9% this year, down from a prediction of 3.9% seen in December, the World Bank said on Tuesday. Weakening global demand will slow growth in goods exports, while the fallout from the Ukraine-Russia war will weigh on domestic consumption, external demand and tourism, the agency said in a statement. […]
Read MoreThe baht opened at 33.44 to the US dollar on Tuesday, strengthening from Monday’s close of 33.51. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.35 and 33.55 during the day. Poon said that the baht is likely to swing in a wide range but with no clear sign of direction. Uncertainty […]
Read MoreThe land and building tax is still offering a payment discount this year according to the law passed to ease the burden on landowners, says Finance Minister Arkhom Termpittayapaisith. He said this is the last year the land and building tax law offers such a discount to landowners. The law took effect in 2020 and offers […]
Read MoreThe government looks set to settle investment incentives for four new economic corridors in four regions next month, a move aimed at increasing investment in the areas. According to Anak Meemongkol, deputy secretary-general of the National Economic and Social Development Council, the council and the Board of Investment are working on incentives to lure investors […]
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Thailand
