The baht opened at 33.28 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.24. The Thai currency is likely to move between 33.20 and 33.40 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might fluctuate and weaken because the dollar strengthened and investors bought […]
Read MoreThe Commerce Ministry is keeping a close eye on rising prices of vegetables and other consumer products, the costs of which have been driven up by floods and higher oil and raw material prices. The ministry is calling for cooperation from manufacturers to help keep their products’ prices stable, and will provide 50 mobile units […]
Read MoreThe global oil price surge is affecting the industrial sector as large numbers of factory operators have already borne the brunt, according to a recent poll conducted by the Federation of Thai Industries (FTI). Up to 49.3% of 150 executives in 45 industries told the pollster the manufacturing sector encountered moderate impact from the increasing […]
Read MoreThailand’s exports are expected to rise at a slower pace of 5% next year as global demand and inventory will normalise, the national shippers’ council said on Tuesday. This year the group is sticking to its forecast for 12% export growth, it told a briefing. Source: https://www.bangkokpost.com/business/2208239/exports-seen-up-5-next-year-shippers
Read MoreInsufficient vehicles and more expensive transportation costs at the airport on the first day of reopening prompted tourism operators to urge further relaxation of transport permits. Thanet Supornsahasrungsi, acting president of the Chon Buri Tourism Council, said only vehicles with yellow or green licence plates can pick up tourists at the airport, but the number […]
Read MoreThe Board of the Oil Fuel Fund Office has approved a plan to borrow 30 billion baht to support the government’s move to cap the diesel pump price at 30 baht per litre. Sompop Patana-ariyangkul, spokesman for the Energy Ministry, said on Tuesday that the board, chaired by Energy Minister Supattanapong Punmeechaow, approved the loan […]
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