Cryptocurrency trading value in Thailand spiked to 700-800 billion baht during the past 10 months and is expected to reach 1 trillion baht by the end of this year, according to Zipmex Thailand chief executive Akalarp Yimwilai at PostToday’s Cryptocurrency Forum 2021 on Wednesday. Mr Akalarp said the number of local crypto traders has increased […]
Read MoreWith the high season less than two months away, Chiang Mai is poised to reopen to international tourists in October but is taking a different approach to the Phuket sandbox, with tourists required to travel through sealed routes via package tours. While Phuket opened to independent tourists as the island achieved vaccination rates of more […]
Read MoreThe Bank of Thailand is concerned about business closures and layoffs attributed to the prolonged Covid-19 outbreak, which is adding significant downside risks to the economy. The central bank on Wednesday released the edited minutes of the Monetary Policy Committee (MPC) meeting last week, which revealed the financial position of businesses, especially those in the […]
Read MoreThe baht opened at 33.32 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 33.30. The Thai currency is likely to move between 33.25 and 33.40 during the day, Krungthai Bank market strategist Poon Panichpibool said. The baht could be volatile as exporters continue to sell the dollar while investors short-sell the […]
Read MoreS&P Global Ratings has lowered its 2021 growth forecast for Thailand to 1.1 per cent from June’s forecast of 2.8 per cent, saying that emerging Southeast Asian economies are facing intense headwinds from persistent Covid-19 pandemic waves. he duration and severity of the pandemic has been more adverse than our previous baseline expectations,” S&P Global […]
Read MoreTwo members of Thailand’s monetary policy committee who pushed unsuccessfully for a rate cut earlier this month argued preemptive action was needed because of the risks of an economic slowdown in the period ahead, minutes of the meeting showed. The biggest Covid-19 outbreak to date, which prompted stricter containments measures to areas accounting for about […]
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