A group of Thai shippers is feeling more upbeat about export prospects this year after shipments rose for the sixth month in a row in August. Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said on Tuesday the group maintained its forecast for Thai export growth of 12% this year to US$260 billion. […]
Read MoreThe government aims to generate at least 882 billion baht in domestic tourism revenue next year from government measures to revive the struggling sector after a major slump in foreign arrivals. The economy suffered its deepest fall in more than two decades last year, with the key tourism sector devastated by the coronavirus pandemic. The […]
Read MoreThe Covid-19 outbreak caused fuel consumption in Thailand to decline by 4.4% during the first eight months of 2021 to a daily average of 131 million litres, down from a daily average of 137 million litres during the corresponding period last year, says the Department of Energy Business. Demand in the country for the major […]
Read MoreThe government has welcomed the decision by Standard & Poor (S&P) Global Ratings to maintain Thailand’s sovereign credit rating at BBB+ and rate the kingdom’s economy as having a stable outlook. Published on Monday, the positive credit rating and economic outlook were awarded to Thailand for its strong finance and foreign currency parameters, despite the […]
Read MoreInvestor confidence in stocks remains bullish, supported by the improving pandemic situation, accelerated vaccine distribution, and better prospects for the local economic recovery. The wave of Covid-19 spreading within the country, the upcoming cut of the policy interest rate by the Bank of Thailand’s Monetary Policy Committee, and uncertainty surrounding the Federal Reserve’s direction in […]
Read MoreThe baht opened at 33.83 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.76. 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 that the baht might weaken further while the dollar strengthens if the results of […]
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Thailand
