The government has two choices to cope with the upsurge in global oil prices — borrow more money to continue price subsidies or let local oil prices spike — as the global price could soar to US$150 a barrel amid the Russia-Ukraine war. “Authorities may have to let retail oil prices increase to better reflect […]
Read MoreThe Federation of Thai Industries (FTI) is demanding a greater effort to deal with the severe shortage of 700,000 workers, even as the government is working to bring in migrant workers from neighbouring countries. Last month the federation called on authorities to speed up the signing of memorandums of understanding (MoUs) with officials in Cambodia, […]
Read MoreWASHINGTON: The Centers for Disease Control and Prevention (CDC) on Monday added Thailand, Hong Kong and New Zealand to its list of destinations Americans are advised not to visit because of Covid-19. The CDC elevated its travel recommendation to “Level Four: Very High” for Thailand and two other destinations. In total, the CDC urges Americans to avoid […]
Read MoreThe job market in Thailand recorded overall salary growth last year despite the challenges posed by the pandemic, according to the “Salary Report 2022” by JobsDB, Asia’s leading job portal. The consulting and retail & trade sectors led the way with highest year-on-year salary growth, while computer/IT remained the highest-paying industry with the highest number […]
Read MoreThe baht opened at 33.05 to the US dollar on Tuesday, weakening from Monday’s close of 33.00 to its lowest point in a month. Krungthai Bank market strategist Poon Panichpibool forecast the Thai currency would move between 32.85 and 33.10 during the day. Poon said the baht’s sudden weakening on Monday will slow after passing […]
Read MoreAbout 45 per cent of hotels that are still running have just about enough funds to last for three months, a recent survey found. The survey was carried out on 142 hotels, including those serving as alternative quarantine sites and hospitels, by the Thai Hotels Association in February. The association’s chairperson, Marisa Sukosol Nunbhakdi, said […]
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