The baht opened at 33.35 to the US dollar on Tuesday, weakening from Monday’s closing rate of 33.34. The Thai currency is likely to move between 33.30 and 33.45 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht is still pressured by weakening factors than strengthening in the short term. […]
Read MoreThailand will raise its public debt ceiling to accommodate higher borrowing and spending to help support the economic recovery from the pandemic. The limit on the debt-to-gross domestic product ratio will be increased to 70% from 60% to allow the government to borrow more if necessary, Finance Minister Arkhom Termpittayapaisith said after a meeting on […]
Read MoreThe Cambodia Business Council in Thailand (CBC) says it is hoping to hear from the government as early as this month about visa changes that could come into force soon. They would first allow tourists to visit Sihanoukville before the Kingdom is fully opened to foreign visitors, according to CBC’s president Sothea Sambath. CBC Thailand is […]
Read MoreThe government is being advised to enact a specific law to govern the planned Northeast Economic Corridor (NEEC) to facilitate its development. The new corridor is expected to be similar in form to the government’s current flagship Eastern Economic Corridor (EEC), which covers three provinces. Isara Vongkusolkit, honorary chairman of Mitr Phol Sugar Corp, Asia’s […]
Read MoreThe Customs Department is preparing to lower duty on the import of alcoholic beverages and cigars by 50% for five years in line with the government’s economic stimulus and investment promotion package. Patchara Anuntasilpa, director-general of the department, said the cuts are in accordance with the Sept 14 cabinet resolution involving plans to revive the […]
Read MoreSCG Packaging Plc (SCGP) on Monday announced an 11.8 billion baht expansion in its packaging paper business in Vietnam, anticipating growth in demand. A new facility will be built in Vinh Phuc province in northern Vietnam, to begin operations in early 2024 and produce 870,000 tonnes of packaging paper per year, up from 500,000, SCGP said […]
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