The government will cap the price of diesel at 28 baht per litre from December to March by limiting biodiesel content. The Energy Policy Administration Committee (EPAC) on Wednesday resolved to limit the amount of methyl ester (ME), known as biodiesel, in high speed diesel to 7% (B7 diesel) and suspend production of 10% (B10) […]
Read MoreFive non-Asean members – China, South Korea, Japan, New Zealand and Australia – will do away with import tariffs on some products from Thailand and other Asean countries once the Regional Comprehensive Economic Partnership (RCEP) comes into effect on January 1, Department of Trade Negotiations director-general Auramon Supthaweethum said on Tuesday. The RCEP is a […]
Read MoreThe Thai economy bottomed out in the third quarter and will grow close to forecasts, but recovery will remain fragile and is subject to uncertainty, according to minutes of the central bank’s last policy meeting released on Wednesday. On Nov 10, the Bank of Thailand’s monetary policy committee unanimously voted to keep the benchmark interest […]
Read MoreThe Cabinet on Tuesday approved an amendment to a Finance Ministry regulation relating to the foreign currency-exchange business under the Exchange Control Act. “The amendment aims to increase the efficiency of the foreign currency-exchange business and convenience for customers,” said deputy government spokesperson Ratchada Thanadirek She said it would cover six aspects: 1. Licensed foreign […]
Read MoreA new tourism ecosystem targeting global cryptocurrency holders could provide a huge boost to national GDP if the Tourism Authority of Thailand (TAT) shifted away from traditional marketing to attract new nano entrepreneurs. Bitkub founder and chief executive Jirayut Srupsrisopa said that while Thailand’s GDP was around US$500 billion, the cryptocurrency market is worth over […]
Read MoreThe baht opened at 33.14 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.11. The Thai currency is likely to move between 33.00 and 33.20 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might fluctuate as foreign investors decreased their possession […]
Read More
Thailand
