Thailand’s economy bottomed out in the third quarter of this year and will continue to recover though uncertainty remains high, showed minutes of the central bank’s last policy meeting released on Wednesday. On Sept 29, the Bank of Thailand’s Monetary Policy Committee unanimously voted to keep the benchmark interest rate at a record low of […]
Read MoreThe baht opened at 33.17 to the US dollar on Thursday, strengthening from the previous closing rate of 33.45. The Thai currency is likely to move between 33.10 and 33.30 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might strengthen as foreign investors are buying Thai stocks because […]
Read MoreThai Airways International will resume full service on 36 foreign routes to destinations in Europe, Asia and Australia, most on Oct 31, in response to the government’s decision to reopen the kingdom to tourists on Nov 1. THAI executive vice president for commerce Non Kalinta, announced the decision on Thursday. He said the resumption of […]
Read MoreFitch Ratings-Bangkok-12 October 2021: Fitch Ratings expects Thailands economic recovery to gain traction in 2022, supported by a significant improvement in Covid-19 vaccination rates, business reopening and a still-supportive global growth environment. The return of tourism is likely to be gradual, and Fitch expects GDP to recover to pre-pandemic levels by early 2023. The ratings […]
Read MoreThe Bank of Thailand is warning consumers to be wary of online financial fraud as incidents have been increasing, with the pandemic pushing more people towards digital outlets. The regulator raised the alarm as scams have been surging, with more people desperate for cash amid the pandemic. Digital fraud can take many forms, including SMS messages, […]
Read MoreThailand’s franchise industry is likely to contract by as much as 20% this year as the government’s tight restrictions to contain Covid-19 infections have dampened business activities for the sector. Boonprasert Pupan, president of the Franchise & License Association, said the franchise market is expected to shrink by 10-20% to 270-280 billion baht this year. […]
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