The baht opened at 32.30 to the US dollar on Thursday, strengthening from Wednesday’s closing rate of 32.35. The Thai currency is likely to move between 32.15 and 33.35 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon predicted the baht would drift sideways, near 32.20 to the US dollar. Investors are keeping […]
Read MoreThailand will enforce the e-service tax law from Wednesday, following in the footsteps of more than 60 countries around the globe which collect value-added tax (VAT) from foreign e-service operators reaping income in their territories. These countries, including Australia, New Zealand, Japan, Taiwan and South Korea, comply with guidelines ushered in by the Organisation for […]
Read MorePublic confidence will be a key factor in boosting the economy after the government eased its strict Covid-19 pandemic restrictions, according to an executive at the Bank of Thailand (BoT). The loosening of the rules, which starts on Wednesday, will bring relief to businesses which had been constrained by the restrictions of recent months. However, […]
Read MoreHarsh lockdown measures imposed last month were viewed as having limited power to contain the spread of Covid-19 due mainly to ineffective law enforcement, according to the Federation of Thai Industries (FTI)’s CEO survey. Up to 78.1% of 201 FTI executives in 45 industries said the measures, implemented since mid-July and covering more provinces last […]
Read MoreThe Tourism Authority of Thailand (TAT) has provided an update on domestic travel by air, bus, train and boat following the government’s latest announcement allowing the resumption of interprovincial travel between the 29 dark-red zone provinces and other areas from today, September 1. Air Travel Thai Airways Thai Airways International will operate twice weekly one-way […]
Read MoreThe baht opened at 32.23 to the US dollar on Wednesday, unchanged from Tuesday’s closing rate. The Thai currency is likely to move between 32.10 and 32.30 during the day, Krungthai Bank market strategist Poon Panichpibool said. The baht was likely to strengthen due to a hopeful economic recovery from an easing of the lockdown, […]
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Thailand
