The Russia-Ukraine crisis has already hit Thailand’s import and export trade, with both manufacturers and consumers suffering the indirect results of rising oil prices causing a spike in inflation, the government said on Sunday. Close analysis of downward trends in trade volumes since the fighting broke out reveal a correlation that most exports attribute to […]
Read MoreThe baht opened at 32.71 to the US dollar on Monday, weakening from Friday’s close of 32.69. The Thai currency is expected to move between 32.60 and 32.80 during the day and between 32.40 and 32.90 during the week, Krungthai market strategist Poon Panichpibool said. Poon said the Thai currency is likely to swing in […]
Read MoreSome 63% of hotels recorded losses as average occupancy lingered below 30% despite the renewed Test & Go scheme, according to the hotel business operator sentiment index for February. Marisa Sukosol Nunbhakdi, president of the Thai Hotels Association (THA), said ¾ of hoteliers project a 30% occupancy rate should be sufficient to break even, but […]
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 MoreThai rice prices are expected to increase by 5% in the second quarter, pushed up by the war in Ukraine’s effect on surging global commodity prices, says veteran trader Chookiat Ophaswongse. Mr Chookiat, an honorary president of the Thai Rice Exporters Association, said there was growing concern about a wheat shortage as Russia and Ukraine […]
Read MoreShopee, an e-commerce platform in Southeast Asia and Taiwan, is forecasting growth in Thailand’s e-commerce market based on an expansion in the user base and intense marketing and promotions to help boost purchasing power amid a sluggish economy. According to the “Digital 2022: Thailand” report by creative agency We Are Social and strategic consultancy Kepios, […]
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