With Thailand reopening on November 1 and the export sector moving in a positive direction, Finance Minister Arkhom Termpittayapaisith reckons the economy will grow by at least 1 per cent this year. He said the economy is bound to pick up in the last quarter, though some parts of the country still face the risk […]
Read MoreThe manufacturing production index (MPI) for September showed a smaller than expected drop of 1.28% from a year earlier, the Industry Ministry said on Wednesday. This followed an easing of coronavirus restrictions. The reading compared with a forecast for a 3.0% fall in output in a Reuters poll and August’s revised 4.71% decline. Source: https://www.bangkokpost.com/business/2204963/sept-factory-output-falls-1-28-y-y
Read MoreThe central bank said on Wednesday it extended a corporate bond stabilisation fund for another year to the end of 2022 as the coronavirus situation remained highly uncertain. The fund is aimed at maintaining economic and financial stability, the Bank of Thailand said in a statement. Source: https://www.bangkokpost.com/business/2205047/bank-of-thailand-extends-bond-support-fund-until-end-2022
Read MoreStandard Chartered Bank expects Thailand’s gross domestic product to rebound in 2022 to around 3% from the forecast zero growth this year. The bank holds a positive view of the Thai economy next year, Tim Leelahaphan, economist at Standard Chartered Bank (Thai), said on Tuesday at the bank’s press conference on the Thai economy. He added […]
Read MoreExports fared better than expected in September boosted by trade partners’ economic recovery, the baht’s weakness and the government’s proactive export promotion. The Commerce Ministry reported on Tuesday customs-cleared exports rose 17.1% year-on-year in September to US$23 billion, with imports increasing by 30.3% to $22.42 billion, resulting in a trade surplus of $609.8 million. It was […]
Read MoreThe baht opened at 33.20 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.12. The Thai currency is likely to move between 33.10 and 33.25 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the default crisis of Chinese real estate companies might pressure the Asian currency […]
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