High inflation expected to last for the first half of 2022 is disproportionally affecting low-income workers, service staff and the self-employed, the Bank of Thailand (BOT) said on Sunday. Inflation in January stood at 3.23 per cent as the price of oil and products such as pork rose in line with higher demand, said bank […]
Read MoreThe baht opened at 32.69 to the US dollar on Monday, unchanged from Friday’s closing rate. The Thai currency is expected to move between 32.60 and 32.80 during the day and between 32.50 and 33.00 during the week, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht is likely to fluctuate and weaken, […]
Read MoreEntrepreneurs feel they cannot continue to maintain stable prices of goods much longer as soaring energy costs are making waves across the board, dealing a blow to both emerging businesses such as delivery services as well as laggards like tourism. The government is struggling to find funding to help businesses and households because of the […]
Read MoreThe government is planning to reopen the Thai-Malaysia border next month to stimulate tourism and the economy in the deep southern provinces. Deputy government spokeswoman Rachada Dhnadirek says Prime Minister Prayut Chan-o-cha has ordered the Centre for Covid-19 Situation Administration (CCSA) and the tourism and sports emergency operation centre to outline pandemic mitigation measures for […]
Read MoreRecap: Global stocks extended declines on Friday as hotter-than-expected consumer prices raised fears the US Federal Reserve will lift interest rates faster to fight inflation. The SET index moved in a range of 1,667.29 and 1,708.03 points this week before closing yesterday at 1,699.20, up 1.49% from the previous week, in high daily turnover averaging […]
Read MoreCitibank forecasts global GDP growth to decelerate to 3.8% this year as the world economy enters a slowdown amid growing inflation and imminent interest rate hikes, though it remains optimistic about the growth of cyclical industries with long-term growth. Citibank analysts recommend investors focus on long-term leaders that yield positive and consistent returns such as […]
Read More
Thailand
