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Thailand: Economy to improve in fourth quarter on eased curbs

The economy should improve further in the final quarter of this year thanks to government support measures and September’s relaxation of coronavirus curbs to spur activity, a deputy prime minister said on Thursday. The government will ensure the supply of Covid-19 vaccines is boosted to support the recovery, said Supattanapong Punmeechaow, deputy prime minister in […]

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Thailand: Mice pleads for help

Four associations related to meetings, incentives, conventions and exhibitions (Mice) submitted a proposal on Wednesday to Prime Minister Prayut Chan-o-cha asking the government to further relax measures for the industry and allow their businesses to resume by Oct 15. “The associations hope the government will help further relax restrictions and allow Mice operators to resume […]

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Thailand: Hoteliers keep domestic focus for Q4

As Thailand remains on course to reopen more areas to vaccinated tourists, aiming to stimulate the national economy during the traditional high season, hoteliers are pinning their hopes on the restart of tourism, particularly in Bangkok. The capital recently had its reopening plan pushed back to November from October. Whether Thailand’s reopening is an immediate […]

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Thailand: Exports of lifestyle products up

Thai lifestyle product shipments are expected to grow healthily by 13.4% this year to 363 billion baht, driven by the economic recovery of trading partners and exporters’ adjustment to sell their products through online and online business matching. Phusit Ratanakul Sereroengrit, director-general of the International Trade Promotion Department, said with economies in major export markets […]

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Thailand: Baht strengthens as investors eye Thai stocks

The baht opened at 33.83 to the US dollar on Thursday, strengthen from Wednesday’s closing rate of 33.92. The Thai currency is likely to move between 33.75 and 33.90 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht would continue fluctuating against the greenback. Also, he said, the flow of […]

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Thailand: Inflation forecast revised

The Commerce Ministry has revised its annual headline inflation forecast to a range of 0.8% to 1.2% (with an average of 1%), narrowing from 0.7% to 1.7% (with an average of 1.2%) earlier. The latest projection is based on expected economic growth of 0.7-1.2%, with Dubai crude oil prices averaging US$65-70 per barrel, and an […]

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