Thailand’s labour market has been severely affected by the strict measures to control the spread of Covid-19, with the unemployment rate jumping to 2.25% in the third quarter from 1.89% in the previous three months, while household debt continued to grow. The government’s planning unit, the National Economic and Social Development Council (NESDC), reported yesterday […]
Read MoreThai exports rose 17.4% year-on-year in October, prompting the Commerce Ministry to become confident that overall exports could grow by 15-16% this year, much higher than the 4% growth target set by the ministry. Ronnarong Phoolpipat, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, said exports for the remaining two months […]
Read MoreBangkok Bank (BBL) predicts the economy will face a higher number of challenges over the next few years under a changing economic landscape following the Covid-19 pandemic. The economy will gradually recover in 2022, supported by the country’s reopening after progress in terms of the vaccination rollout. However, the economy will face medium-term risks because of […]
Read MoreThailand welcomed 20,272 foreign tourists in October, up from 1,201 foreign arrivals in the same period a year earlier, government data showed, due to a pilot tourism programme on the islands of Phuket and Samui. The scheme was launched ahead of the country’s wider quarantine-free reopening on Nov 1, aimed at restarting the important tourism […]
Read MoreThe baht opened at 33.05 to the US dollar on Tuesday, weakening from Monday’s closing rate of 32.88. The Thai currency is likely to move between 32.85 and 33.05 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might strengthen as foreign investors are buying Thai […]
Read MoreThe rapid development of the digital world does not only make life easier for people to communicate, work and run a business, but also opens the door to a new investment frontier — digital assets. The world has encountered a variety of buzzwords over recent years, such as cryptocurrency, non-fungible token (NFT), decentralised finance (DeFi) […]
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