The baht opened at 33.15 to the US dollar on Friday, weakening slightly from Thursday’s close of 33.13. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.00 and 33.25 during the day. Poon said the baht has a chance of weakening but it will slow down and swing sideways in […]
Read MoreThe president of the Federation of Thai Industries (FTI) on Thursday called on the government to scrap the Test & Go scheme that restricts tourism and subsidise fuel prices to shore up the Thai Industries Sentiment Index. FTI president Suphan Mongkolsuthee said the Omicron variant that led to restrictions to tourism and other business activities […]
Read MoreThe baht opened at 33.00 to the US dollar on Thursday, strengthening from Wednesday’s close of 33.06. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 32.85 and 33.10 during the day. Poon said the baht might begin to strengthen as the market was open to more risks. Foreign investors are […]
Read MoreThe Ukraine-Russia war has already caused the Thai economy to shrink, the Thai Chamber of Commerce (TCC) reported on Wednesday. TCC chairman Sanan Angubolkul said the chamber is closely monitoring the situation. In his opinion, the Russian economy is still strong even though the value of the rouble has taken a dive. He said Russia […]
Read MoreBangkok Post – Consumer sentiment dropped for the second straight month in February, hitting the lowest level in five months, as consumers fret over the rapid spread of the Omicron variant and the escalating Russia-Ukraine conflict. The University of the Thai Chamber of Commerce (UTCC) reported on Wednesday the consumer confidence index fell to 43.3 […]
Read MoreThe Airlines Association of Thailand (AAT) is urging the government to let them add a fuel surcharge onto tickets for domestic flights, as the Russia-Ukraine conflict continues to push up oil prices. As oil prices surged by 40-50% from last year, airlines want to add the fuel surcharge onto domestic tickets to reduce the impact […]
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