The baht opened at 33.64 to the US dollar on Monday, weakening from Friday’s close of 33.57. The Thai currency is expected to move between 33.55 and 33.75 during the day and between 33.40 and 33.80 during the week, Krungthai market strategist Poon Panichpibool said. Poon said the baht is likely to fluctuate in a […]
Read MoreThe central bank will not raise interest rates from a record low for more than a year in a bid to support an economy still struggling to recover from the pandemic despite a jump in inflation, a Reuters poll found. While inflation in the tourism-dependent economy hit a 13-year high in February, driven mainly by […]
Read MoreDigital advertising spending is expected to continue to grow in 2022, though by a smaller margin than the 18% surge recorded last year amid concerns about the weak economy, according to the Thailand Digital Advertising Spend Report. The report was jointly commissioned by the Digital Advertising Association of Thailand (DAAT) and market research and consulting […]
Read MoreThe Finance Ministry plans to revise its 2022 forecast for Thai economic growth next month, focusing on the impact of rising inflation and spiking energy prices, says a ministry source who requested anonymity. The ministry is worried the Russia-Ukraine war will affect its target for foreign tourist arrivals this year, the source said. In January […]
Read MoreThe Federation of Thai Industries (FTI) says global disruption caused by the Russia-Ukraine conflict offers major opportunities for the Thai economy. The Ukraine-Russia war is hitting trade across the world including Thailand, driving up the price of fuel and other commodities. Thailand’s economic recovery is now slowing under pressure from inflation, as sanctions imposed on […]
Read MoreIn a bid to help stimulate the tourism industry, Prime Minister Prayut Chan-o-cha is urging people to go on working holidays as part of the “Workation Paradise Throughout Thailand” campaign. Government spokesman Thanakorn Wangboonkongchana said on Sunday that the campaign is being launched with the economy and public health in mind. He said the Tourism […]
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