The Finance Ministry may propose on Monday raising the ceiling of the public debt-to-GDP ratio to 70% from 60%, says a ministry source who requested anonymity. The proposal is to a committee overseeing fiscal discipline. Raising the ceiling to 70% would allow Thailand to borrow an additional 2 trillion baht, the source said. The committee, […]
Read MoreThe baht opened at 33.32 to the US dollar on Monday, weakening from last week’s closing rate of 33.25. The Thai currency is likely to move between 33.25 and 33.40 during the day and between 33.00 and 33.50 this week, Krungthai Bank market strategist Poon Panichpibool said. Poon said the baht was still pressured by […]
Read MoreWe forecast real household spending in Thailand to post growth of 0.2% year-on-year in 2021, following a contraction estimated at 11.8% last year as a result of the Covid-19 pandemic and related lockdown measures. Total household spending (in real terms) will reach 7.6 trillion baht this year — still 11.6% lower than the pre-pandemic figure […]
Read MoreThailand’s direct sales industry is expected to contract by 1-2% this year as consumer purchasing power remains weak due to the spread of Covid-19. Kittawat Ritteerawee, president of the Thai Direct Selling Association (TDSA), said domestic household debt is the highest in 18 years and economic uncertainty is causing consumers to be cautious with their […]
Read MoreHotels hope the reopening of Bangkok in October and domestic stimulus campaigns will boost the occupancy rate from single digits to 15-20% in the upcoming high season. Marisa Sukosol Nunbhakdi, president of the Thai Hotels Association, said tourism operators support the idea of easing entry regulations through a quarantine-free programme for inoculated tourists as this […]
Read MoreThe baht opened at 33.12 to the US dollar on Friday, weakening from Thursday’s closing rate of 33.04, the weakest in almost a month. The Thai currency is likely to move between 33.05 and 33.25 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht is still pressured more than strengthening […]
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Thailand
