The baht opened at 33.40 to the US dollar on Thursday, strengthening from Wednesday’s closing rate of 33.415. The Thai currency is likely to move between 33.35 and 33.45 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to strengthen after investors knew the […]
Read MoreThe World Bank predicts Thai economic activity will return to 2019 levels by the end of 2022, helping support GDP growth of 3.9% next year, up from 1% this year. Thailand’s economy bottomed out in the third quarter this year, but has been picking up since. Progress on vaccination and the resumption of tourist arrivals […]
Read MoreThe Asian Development Bank (ADB) trimmed its forecast for ASEAN growth this year from 3.1 percent to 3.0 percent, with downgrades for Vietnam and Malaysia offset by improved forecasts for the Philippines, Singapore and Thailand. In a supplement to the update of its Asian Development Outlook in September, the ADB almost halved its GDP growth […]
Read MoreBrands need to pay more attention to senior citizens as this group has high purchasing power and is open to new products, according to Wunderman Thompson Thailand, a marketing communications agency. The company’s “Thailand Forgotten Shopper 2021” study gauged 350 Thai respondents aged 45-65. The study is part of Wunderman’s “Future Shopper 2021”, a global commerce […]
Read MoreThailand set a target for rice exports of 7-7.5 million tonnes next year, up from an estimated 6 million tonnes this year, helped by sufficient water supply and a weak baht, making Thai grains more competitive. Speaking after a discussion with senior Commerce Ministry officials, Charoen Laothammatas, president of the Thai Rice Exporters Association, said […]
Read MoreThe baht opened at 33.42 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.37. The Thai currency is likely to move between 33.40 and 33.50 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to fluctuate as investors are in […]
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