The baht opened at 32.58 to the US dollar on Friday, unchanged from Thursday’s closing rate. The Thai currency is likely to move between 32.50 and 32.65 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might strengthen if the dollar weakens. The dollar will weaken […]
Read MoreThe Finance Ministry has yet to consider cutting the diesel excise tax and will continue to use the Oil Fund to stabilise the retail diesel price, said Finance Minister Arkhom Termpittayapaisith. Truckers have renewed their call for the price of diesel to be capped at 25 baht per litre. The move was organised by the […]
Read MoreDomestic car sales declined 13% in October from a year earlier to 64,462 vehicles, the Federation of Thai Industries (FTI) said in a statement on Thursday. The fall was smaller than September’s 19.1% drop, helped by government stimulus measures. Source: https://www.bangkokpost.com/business/2217575/domestic-car-sales-down
Read MoreThailand’s economic engines may not be as strong as before and the important tourism sector may take longer to normalise, its central bank governor said on Thursday. Factors that will be key to future growth are the digital economy and sustainability, Bank of Thailand governor Sethaput Suthiwartnarueput told a business seminar, discussing the post-pandemic economy. […]
Read MoreThailand’s economic engines may not be as strong as before and the country’s important tourism sector may take longer to normalise, the Bank of Thailand governor said on Thursday. Factors that will be key to future growth are the digital economy and sustainability, Sethaput Suthiwartnarueput told a business seminar on the post-pandemic economy. Source: https://www.bangkokpost.com/business/2217587/bot-recovery-make-take-longer
Read MoreTravel sentiment during Loy Krathong this year is expected to improve from last year, but will be quieter than the last festival to take place before the pandemic, with overall tourism spending projected at 1.4 billion baht nationwide, according to the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said 551,700 domestic trips have […]
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