The business sector is expected to postpone product price hikes for three months after the Cabinet approved a move to reduce the excise tax for diesel fuel by 3 baht per litre for three months, Thai Chamber of Commerce vice president Wisit Limleucha said on Wednesday. ACabinet meeting on Tuesday approved a proposal by the […]
Read MoreThe baht opened at 32.27 to the US dollar on Thursday, strengthening from Tuesday’s close of 32.37. The Thai currency is likely to move between 32.20 and 32.40 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht may stop strengthening and swing sideways because it has risen far beyond the […]
Read MoreThe Thai baht hit a five-month high on Monday with optimism over the nation’s tourism sector boosting inflows. Reuters reports that the baht rose as much as 0.7% for a second consecutive session due to inflows into stocks and bonds, as well as rising gold prices as sales of the metal in US dollars and conversion pushed […]
Read MoreThailand shows a strong level of digital readiness with a high penetration rate for internet usage, social media engagement, mobile connections, online shopping and digital payments, according to the “Digital 2022: Thailand” report. The report was released by DataReportal, which analyses and collects online data from around the world, in partnership with creative agency We […]
Read MoreThe government is being urged to pay more serious attention to speeding up the production sector’s restructuring to create new jobs and boost economic growth. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said the government desperately needs to transform the production sector to more high-technology industry that can draw greater […]
Read MoreThe Trade Negotiations Department targets concluding the negotiation framework on a free trade agreement (FTA) with the EU this year and wrapping up FTA negotiations with Turkey and Pakistan. The department also aims to finish an information paper on the scope of the proposed FTA with the European Free Trade Association (Efta) next month. Efta comprises […]
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