The Bank of Thailand is expected to raise its policy rate by 0.25 percentage points on Wednesday to contain inflation amid the economic recovery while trying to ease baht volatility, say economists. Local research houses predict the central bank’s Monetary Policy Committee will increase its policy benchmark rate by a quarter-point at its meeting on […]
Read MoreWe want to be “customer obsessed” rather than “competition obsessed”, according to the priority outlined by Lazada Thailand chief executive Werapong Goo. “Lazada has been around for an amazing 11 years and we look forward to the next decade. We have always pursued growth at our own pace, which has enabled us to weather industry headwinds […]
Read MoreTrade between China and countries along the Mekong River posted steady growth last year despite COVID-19 and the sluggish global economy. Thanks to deepened mutual trust and cooperation, China’s trade volume with Cambodia, Laos, Myanmar, Thailand and Vietnam totaled 416.7 billion U.S. dollars in 2022, up 5 percent year on year. The figures were disclosed […]
Read MoreThe government expects there to be about 6 million foreign tourist arrivals in the first quarter of the year as the vital tourism sector gathered momentum, an official said on Friday. The country is forecasting between 25 million to 30 million foreign tourists this year, with spending of 1.5 trillion baht, government spokesperson Anucha Burapachaisri said […]
Read MoreThe Internal Trade Department is implementing 22 measures to manage fruit supply for this year’s harvest, with production estimated to grow by 3% to 6.78 million tonnes. Wattanasak Sur-iam, the department’s director-general, said the higher output is attributed to cooler weather late last year and early this year. He said the department remains concerned about […]
Read MoreExports are forecast for a deeper contraction of 1.2% this year, attributed to the global economic slowdown and the banking debacle in the US and Europe, according to Kasikorn Research Center (KResearch). The centre downgraded its export outlook for 2023 from a previous contraction of 0.5%, citing the US economy’s slower growth and the ongoing banking crisis […]
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