Investors are urged to hold some cash amid the political uncertainty and demonstrations, while any outcome from the parliamentary vote for prime minister will be positive for the stock market because it would provide clarity about Thai politics, say analysts. Asia Plus Securities (ASPS) recommends investors hold some cash at this time as the Thai stock […]
Read MoreThe University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline in GDP. Thanavath Phonvichai, president of […]
Read MoreThailand expects exports to South Korea to increase by 2% this year to US$6.52 billion, partially helped by a deeper trade partnership through a so-called mini-free trade agreement (mini-FTA) with the South Korean provinces of Gyeonggi and Pusan. According to Commerce Minister Jurin Laksanawisit, targeted export products include sugar, oil, rubber products, electronic circuits, aluminium products, […]
Read MoreThailand’s cabinet has agreed to allow 500,000 foreign workers from Laos, Cambodia, Myanmar, and Vietnam to stay until the end of the month, to sort out their work permits to legally work and live in the country. Traisuree Taisaranakul, the Deputy government spokeswoman, said on Thursday that the agreement was reached on 4 June, following an amnesty program […]
Read MoreFewer businesses in Asia-Pacific reported overdue payments in 2022, but the duration of payment delays increased markedly, according to Coface, the France-based multinational credit insurance and risk management specialist. The share of companies reporting overdue payments fell to 57% in 2022 — the lowest in 10 years — from 64% in 2021. But the average payment […]
Read MoreThailand’s headline consumer price index (CPI) increased 0.23% in June from a year earlier, slowing from a 0.53% year-on-year rise in the previous month, the Commerce Ministry said on Wednesday. Headline inflation was the lowest in 22 months, due to lower food and energy prices and a high base last year. It is expected to […]
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