The baht opened at 32.94 to the US dollar on Tuesday, unchanged from Monday’s closing rate. The Thai currency is likely to move between 32.90 and 33.00 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said the baht was weakening while the US dollar could swing sideways. The baht was unlikely to […]
Read MoreDigital banking is transforming the traditional financial landscape. There are now 249 digital banking players globally — both dynamic upstarts and transitioning legacy operators — as of the end of 2020. Thailand offers a mature and promising market for this digital banking evolution, but one that requires regulatory guidance if it is to truly be […]
Read MorePattaya plans to adjust its reopening plan as Thailand may not be able to control the high rate of infections and provide sufficient vaccinations until the fourth quarter. Thanet Supornsahasrungsi, acting president of the Chon Buri Tourism Council, said tourism operators acknowledged the plan to reopen two districts to international tourists in September may be […]
Read MoreExports seem to be the only driver to shore up the fragile Thai economy this year, ravaged by Covid-19 outbreaks. Yet a lingering container shortage and steep freight costs are threatening Thai shipment growth prospects, in addition to a dearth of migrant workers. Freight costs in Thailand have been rising since October 2020 and reached […]
Read MoreThe manufacturing production index in June rose for a fourth straight month, up 17.58% from a year earlier, boosted by higher production of autos, electronics and steel, the industry ministry said on Friday. The reading, coming off a low base last year, compared with a forecast for an increase of 18.8% in a Reuters poll […]
Read MoreThe one-month shutdown of construction worker camps to contain the spread of Covid-19 is expected to decrease demand for steel in the construction sector by 30-40% as Tata Steel Thailand (TSTH) has already seen sales drop by 20-30% during the shutdown. Domestic steel consumption will feel the impact in the next one to two months, […]
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