We believe Thailand’s current account surplus will shrink from 3.5% of GDP in 2020 to 0% this year, with the risk of falling into a full-year deficit. For the year to July 31, the current account posted a US$9.3-billion deficit, compared with a surplus of $12.9 billion in the same period last year. This has […]
Read MoreThe reopening plan for five provinces might be delayed by a month to Nov 1 as each province’s vaccination rate still falls short of 70% coverage, leading Chiang Mai to put its faith in the domestic market instead. Thanet Phetsuwan, deputy director for communications and marketing at the Tourism Authority of Thailand (TAT), said the […]
Read MoreExports increased in August but at a slower pace than in July as coronavirus restrictions hit manufacturing and logistics, the commerce minister said on Wednesday. Exports should remain positive for the rest of the year, Jurin Laksanawisit told a seminar. The ministry is due to release August trade data on Thursday. A Reuters poll forecast […]
Read MoreThailand vows to continue driving forward with innovations, technologies and intellectual property (IP), hoping such areas will help boost international trade in the near future. Speaking via video at the launch of the Global Innovation Index (GII) 2021 organised on Tuesday by the World Intellectual Property Organisation (WIPO) in Geneva, Commerce Minister Jurin Laksanawisit said Thailand […]
Read MoreThailand has set an ambitious plan to jump into the top 30 in the Global Innovation Index (GII) by 2030 while the country climbed one place to 43rd in the 2021 index recently released by the World Intellectual Property Organisation. “We have seen improvement in the innovation ranking but more work needs to be done […]
Read MoreThe baht opened at 33.39 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.37. The Thai currency is likely to move between 33.35 and 33.50 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht might weaken by the risk-off pressure from the currency market in the […]
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