If Thailand lowers the diesel excise tax by 5 baht per litre to peg the retail diesel price at 25 baht per litre, this will cost the state coffers up to 150 billion baht, said a Finance Ministry source, who requested anonymity. Earlier, the Land Transport Federation of Thailand (LTFT) proposed to the ministry to […]
Read MoreOversupply of rice, the stronger baht, and a shortage of shipping containers are to blame for the falling price of Thai rice which has prompted farmers to demand the government step in to fix the problem urgently. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said the falling price of Thai rice was […]
Read MoreThe baht opened at 33.34 to the US dollar on Friday, strengthening from Thursday’s closing rate of 33.45. The Thai currency is likely to move between 33.25 and 33.40 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is likely to strengthen slightly due to the gold-selling. However, the […]
Read MoreConsumer confidence rose for a second straight month in October, hitting a five-month high, thanks to an easing of coronavirus curbs and a larger reopening of the country’s troubled tourism sector, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce increased to 43.9 in October from 41.4 […]
Read MoreThailand’s media spending is expected to register double-digit growth next year, supported by the country’s reopening and state stimulus schemes, said Media Intelligence Group (MI), a media planning and creative agency. Spending on internet media is expected to reach 27 billion baht in 2022, accounting for 32% of total media spending, while television’s share of […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has revised up its GDP growth forecast to 0.5-1.5% this year, up from 0-1%, as it expects better business prospects stemming from the reopening of the country and stimulus measures. “Thailand has officially reopened while lockdown measures are relaxed. These are good for economic activities […]
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