The baht opened at 32.97 to the US dollar on Tuesday, strengthening from Monday’s closing of 33.03. The Thai currency is likely to move between 32.90 and 33.05 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht is likely to swing sideways because investors are in a risk-off state before […]
Read MoreThe government is looking for additional sources of funding to finance its energy subsidies, as its financial assistance is running low while global oil prices are approaching US$100 a barrel. The Oil Fuel Fund Office (Offo) previously paid 7 billion baht a month to cap the diesel price at 29.94 baht a litre, compared with […]
Read MoreManufacturers can fix their product prices without adjustment for another 1-2 months before seeing them rise and remain high for at least three months as a result of higher energy prices, according to the latest survey by the Federation of Thai Industries (FTI). Up to 40% of 150 FTI executives interviewed said they believe the […]
Read MoreGlobal online payment PayPal is scheduled to suspend most services for consumers, freelancers and sole proprietors in Thailand from March 7 as it is seeking ways to comply with Thai regulations. Meanwhile, industry pundits believe the move would make PayPal potentially lose customers and allow other competitors to step in amid strong competition in the […]
Read MoreTourism receipts in 77 provinces set another historic low in 2021 with revenue declining by 69.55% to 241,350 billion baht, while the income gap between Bangkok and other major provinces remained wide, according to the Tourism and Sports Ministry. Meanwhile, almost 42% of hotel operators remain concerned about the Covid-19 situation, even though more have […]
Read MoreThe Public Debt Management Office reported on Monday that as of December 30, 2021, Thailand’s public debt stood at 9.644 trillion baht or 59.57 per cent of the country’s GDP. The office reported on its website that public debt had risen by 20 billion baht in December compared to November, though the public debt-to-GDP ratio […]
Read More
Thailand
