Thailand’s leading joint-business group on Monday raised its 2021 economic forecast again to between 0% and 1% growth thanks to declining Covid-19 cases, more vaccinations and a resumption of businesses. In September, it predicted between a 0.5% contraction to 1% growth, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said in a statement. […]
Read MoreThe baht opened at 33.90 to the US dollar on Monday, weakening from the previous closing rate of 33.85. The Thai currency is likely to move between 33.85 and 34.00 during the day and between 33.50 and 34.00, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that investors should speculate on the upcoming bond […]
Read MoreThe issuance of corporate bonds is expected to hit a trillion baht this year as companies try to avoid higher interest costs if rates rise next year, refinancing their debt to reserve liquidity with commercial banks for future emergencies as the market remains highly volatile, says the Thai Bond Market Association (TBMA). According to the […]
Read MoreThe tourism industry is expected to hit rock bottom this year with total revenue of 328 billion baht but will rebound next year and reach 80% of its 2019 level in 2023, according to the Tourism Authority of Thailand (TAT). The kingdom has been rocked by global travel restrictions caused by the novel coronavirus, resulting […]
Read MoreThailand’s plan to attract 1 million quality tourists by the first quarter of next year is to serve as a key blueprint to drive the economic recovery after almost two years of being hit by the coronavirus pandemic. Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow said Thailand has learned from past lessons and now […]
Read MoreThe baht opened at 33.80 to the US dollar on Friday, unchanged from Thursday’s closing rate. The Thai currency is likely to move between 33.75 and 33.90 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon predicted that the dollar would continue fluctuating against the greenback because investors are waiting for the Nonfarm […]
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Thailand
