Dollarisation often results from a deeper problem — macroeconomic instability. And once dollarisation takes root, it is often difficult to dislodge… To understand what form further de-dollarisation might take in Cambodia, it’s worth taking a look back at what that ‘deeper problem’ was in the Cambodian context For economists, government finance officials, and bankers, the […]
Read MoreFuel consumption in Thailand is on the rise again after a decline last year caused by the pandemic. Demand for fuel increased by 13.9% to 153 million litres per day in the first two months of 2022, according to the Department of Energy Business. The uptick was attributed mainly to the easing of lockdown measures, […]
Read MoreThe Thai economy last month recorded growing private domestic consumption, especially for durable items, alongside support from export growth, according to Fiscal Policy Office adviser Wuttipong Jittungsakul. He said the country still needs to keep a close watch on the impact of the ongoing pandemic and the Russia-Ukraine war. Private consumption grew last month, reflected […]
Read MoreDespite soaring oil prices and rising production costs driven by the Russia-Ukraine war, Finance Minister Arkhom Termpittayapaisith still hopes to see the Thai export sector expand by 10% this year. Speaking at the annual ordinary meeting of the Thai National Shippers’ Council (TNSC) on Wednesday, Mr Arkhom said his double-digit wish is based on robust […]
Read MoreThe baht opened at 33.25 to the US dollar on Thursday, strengthening from Wednesday’s close of 33.31. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.15 and 33.40 during the day. Poon said the baht was likely to swing in a wide range after strengthening suddenly on Wednesday due to […]
Read MoreThe Bank of Thailand left its key interest rate unchanged on Wednesday, as expected, maintaining support for a fragile economic recovery facing global risks. The BoT’s seve-member Monetary Policy Committee unanimously voted to hold the one-day repurchase rate at 0.50%, where it has been since May 2020, for a 15th straight meeting. All 22 economists […]
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