The Russian invasion of Ukraine is sending economic shockwaves around the globe with crude oil prices at one point reaching US$130 per barrel, hitting businesses already reeling from tepid consumption caused by the Covid-19 pandemic. Thailand saw its consumer price index, a gauge of headline inflation, surge 5.28% in February from a year earlier, driven […]
Read MoreThe baht opened at 33.30 to the US dollar on Monday, unchanged from Friday’s closing rate. The Thai currency is expected to move between 33.20 and 33.40 during the day and between 33.00 and 33.50 during the week, Krungthai market strategist Poon Panichpibool said. Poon said the baht is likely to fluctuate in a wide […]
Read MoreWith Thailand’s inflation galloping, unemployment relatively high and the outlook for economic growth dimmed by another outbreak of Covid-19, economists and analysts are increasingly warning of a possible bout of stagflation. Stagflation is a combination of stagnation and inflation. It describes an economic condition characterised by slow growth and high unemployment (economic stagnation) mixed with […]
Read MoreDetails of special incentives for seven economic zones in the government’s flagship Eastern Economic Corridor (EEC) are scheduled to be announced over the next few days. Kanit Sangsubhan, secretary-general to the EEC Office, said interested investors will be allowed to apply immediately after the incentives are announced. According to Mr Kanit, the special incentives his […]
Read MoreCambodia’s requests to increase capacity at the Stung Bot-Ban Nong Ian international border checkpoint with Thailand – around 9km southeast of the main Poipet gate – during its preliminary phase continue to be declined by the Thai side, according to a senior public works official. Thailand insists that construction of the primary facilities on its […]
Read MoreThe Customs Department said its revenue has risen 6 per cent in the first five months of the fiscal year 2022 from the same period last year. Revenue rose to Bt8.8 billion from October 2021 to February but was 0.5 per cent below the target, department director-general Patchara Anuntasilpa said. The target for the full […]
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Thailand
