Thai food processors and the Thai Chamber of Commerce have called for an extension of anti-dumping (AD) duty waivers on tin plate and tin-free steel, used widely in canned food, for at least six months to help offset the impact of rising steel prices and their production costs. Visit Limlurcha, honorary president of the Thai […]
Read MoreA consumer confidence survey showed a large uptick in March from December 2021, with one possible outcome an increase in housing demand going forward, according to property research and consultancy Terra Media and Consulting Ltd. Managing director Sumitra Wongpakdee said the overall index of 200 respondents in March rose to 85.4 from 75.6 in December […]
Read MoreThe baht opened at 33.48 to the US dollar on Monday, weakening from Friday’s close of 33.46. The Thai currency is expected to move between 33.40 and 33.60 during the day and between 33.20 and 33.80 during the week, Krungthai market strategist Poon Panichpibool said. Poon said that the baht is likely to swing widely […]
Read MoreMeasures aimed at easing the impact of rising oil prices and the Russia-Ukraine war have won praise, but for many they represent a quick fix, write Lamonphet Apisitniran, Dusida Worrachaddejchai and Somruedi Banchongduang The government should come up with not only short-term measures, but also medium and long-term plans to cope with the impact of […]
Read MoreThailand exported 149,284 cars in the first two months this year, down 2.8 per cent year on year due to a microchip shortage, the Federation of Thai Industries (FTI) reports. The prolonged Russia-Ukraine conflict will exacerbate shortages in microchips and auto parts as Russia has halted exports of nickel, palladium and other raw-material metals, said […]
Read MoreThe Bank of Thailand (BoT) skyrocketed its inflation rate forecast for this year to 4.9% from 1.7% because of energy and food price surges attributed to supply shock from the Russia-Ukraine war. Headline inflation is projected to be 4.9% in 2022, higher than the central bank’s inflation targeting range of 1-3%. The bank assesses the […]
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