Finance Minister Arkhom Termpittayapaisith has projected Thailand’s public debt will rise to 62% of GDP in fiscal 2022 from 59.6% as of December 2021. He said whether the government can maintain the debt level at 62% depends on if the country posts economic growth of 4% this year. The National Economic and Social Development Council […]
Read MoreThe private sector agrees with the Bank of Thailand’s planned financial landscape that aims to create a sustainable digital economy, but the plan requires clearer objectives in certain areas. The central bank on Feb 1 issued a public consultation paper on “Repositioning Thailand’s Financial Sector for a Sustainable Digital Economy” to lay out its underlying […]
Read MoreThe Thai stock market tumbled 1.99% on Thursday while local gold prices rose by 850 baht after Russia launched attacks on multiple Ukraine cities. Big gainers included oil stocks, which rose following the attacks, and hospital stocks, which jumped after the daily number of new Covid cases soared to 45,000, including those detected by ATK […]
Read MoreThe global oil price surge to US$100 a barrel as a result of the Ukraine invasion has the Energy Ministry concerned, prompting it to ensure sufficient oil and gas supply for Thailand. Brent crude oil hit $102.48 a barrel, the highest since 2014, as Russia attacked Ukraine. Some media reports speculate the confrontation will affect […]
Read MoreDespite the challenge of soaring inflation rates and development costs, property developers should prepare for a post-pandemic boom, according to economists. Kobsak Pootrakool, senior executive vice-president at Bangkok Bank, said Thailand is entering a new economic phase in 2022-2024 following a two-year stumble. “We are getting close to the end of the tunnel,” he said. […]
Read MoreThe baht opened at 32.30 to the US dollar on Thursday, weakening from Wednesday’s close of 32.27. The Thai currency is likely to move between 32.20 and 32.40 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht was likely to fluctuate in a wide range due to the Omicron situation […]
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