If the central bank wants to raise the policy rate, it has to be confident the economy is in full recovery first, says Finance Minister Arkhom Termpittayapaisith. He made the remark at the seminar “2022 Next Economic Chapter: New Challenges and Opportunities” on Wednesday hosted by Krungthai Bank (KTB). This year the US Federal Reserve […]
Read MoreDespite growth prospects, the Thai economy still has to brave a spate of risk factors such as high inflation, soaring energy prices, persistent Covid-19 outbreaks and relatively hefty household debt, says Deputy Prime Minister Supattanapong Punmeechaow. According to Mr Supattanapong, rising inflationary pressure driven by recovering global demand and the escalating conflict in Europe may […]
Read MoreThe Thai New Year festival of Songkran is recognised as the most important annual event in the country, similar to Golden Week in China and Japan when a torrent of people are expected to hit the road for a long holiday. Prior to the pandemic, the festival was a golden opportunity for everyone in the supply […]
Read MoreThe government will further relax entry rules for foreign visitors starting next month, bowing to demand from the local tourism industry to lower costs as more countries ease border controls to lure holidaymakers. Vaccinated arrivals to Thailand will not be required to undergo a mandatory polymerase chain reaction test on the fifth day of the […]
Read More[BANGKOK] Thailand’s economy is expected to grow 3 per cent to 4 per cent this year, helped by increased investment and a reopening to foreign tourists, Deputy Prime Minister Supattanapong Punmeechaow said on Wednesday. The government will continue to cap energy prices to maintain the country’s competitiveness, he told a business seminar. South-east Asia’s second-largest […]
Read MoreThailand’s PTT Oil and Retail Business (PTTOR) is looking for local partners in other markets where it already operates like Cambodia, Laos and the Philippines for potential joint ventures. PTTOR plans to invest 93.5 billion baht ($2.9 billion) over the next five years to expand its food and beverage business, utilising its big gas stations […]
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Thailand
