Thailand’s rice exports are expected to exceed 8 million tonnes this year, driven by the weakness of the baht and rising demand in the global market, according to veteran trader Chookiat Ophaswongse. Mr Chookiat, an honorary president of the Thai Rice Exporters Association, said Thai rice shipments reached 1.5 million tonnes in the first two […]
Read MoreDistribution company Sahapattanapibul said on Saturday that it reckons the price of Mama instant noodles will be increased to 7 baht a packet due to the rising cost of production. The company’s president Vethit Chokwatana, however, admitted that the final decision would depend on the government. A source from Sahapattanapibul, meanwhile, said the company is […]
Read MoreThe Federation of Thai Industries (FTI) wants the government to further relax screening of foreign tourists by abandoning the mandatory Test & Go scheme, quarantine and RT-PCR testing to attract more visitors and restore the pandemic-ravaged tourism industry. It plans to discuss the proposal with the Centre for Covid-19 Situation Administration (CCSA) on Friday. “Thailand […]
Read MoreThe upsurge in global oil prices following the Russia-Ukraine war is expected to cause the power tariff, used to calculate electricity bills, to rise to a record high above 4 baht per kilowatt-hour (unit) for the first time, says the Energy Regulatory Commission (ERC). The new rate was discussed by energy officials when the ERC […]
Read MoreThe baht opened at 33.26 to the US dollar on Friday, strengthening from Thursday’s close of 33.30. Krungthai Bank market strategist Poon Panichpibool said he expected the Thai currency to move between 33.20 and 33.40 during the day. He reckons the baht has a chance to strengthen as the currency market is open to more […]
Read MoreGreater interest in cryptocurrencies is expected in Thailand following news that the country is relaxing tax rules for cryptocurrency trading until the end of 2023 to boost the market. Roughly three-quarters (73%) of Thais are aware of cryptocurrency, while almost half (47%) of those surveyed own them. According to a recent study by YouGov RealTime […]
Read More
Thailand
